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About Me:

Patrick

Single male in Ohio born in 1963. I'm "the toyguy" because I work in the toy dept. of a large retail store.

2011 Goals:

- Pay myself back into my savings account the money that I used to pay off my mortgage.
- Put $3000 into a Traditional IRA again.
- Put $1000 into a Roth IRA.
- Add at least $2000 to my Antarctica fund.
- Add $400 to Emergency Fund (At end of 2010 I have $2526 in this fund)
- Put at least some money into my car fund. I have a car fund created at ING with about $25 in it but need to start saving for a future car purchase.
- Go to Scotland for a week in May for a ghost tour and stay a few days in New York city.
- Might have to have another expensive roof repair. Last year or so I had to have half the roof done and was very satisfied. But I think I have to have the rest of the roof done now.
- Take a short trip to New Orleans for Halloween.

2010 Goals:

X- Pay myself back for latest car repair (rear breaks)
X- Add $400 to my E-Fund
(Added $410)
X- Continue putting whatever money I can into IRA fund for 2010 and 2011.
X- Put $3000 into IRA for 2010
X- Have income taxes done before end of March
X- Continue paying at least $100 extra on Principal of my mortgage each month
X- Continue putting whatever extra I can afford into my Travel Fund
X- Have to call Tours of Terror to make arrangements for Ghost Tour in Scotland for next year.
X- Try to take a trip to west Virginia in Spring or early summer.
- Take a short trip to Phoenix Arizona if I can get very low cost tickets. (FAILED. Couldn't get cheap enough airfare)
X- Figure out exactly when I can pay off the rest of my mortgage. It might be this year or the end of next year.

"Lofty" 2010 Goals:

X- Pay off my house completely by November. This one is not so lofty cause I will be paying it off sometime regardless. November will be the absolute earliest though.
(Paid off end of October)
X- Start an Antarctica Fund and save at least $1000 in it. I want to go there someday but its very expensive and my Travel Fund alone will never be able to handle it. (Put in $1200)
- Put at least an extra $1000 into my 2010 IRA than stated above but put it into a Roth instead of a Traditional.
(Failed. Never got around to this one)

2009 Goals:
X- Pay myself back $344 for muffler repairs on my car from December of 08.
X- Add $400 to my E-Fund.
X- Continue saving for a total of $4000 for 2009 IRA.
X- Start saving for total of $3000 for 2010 IRA. (Saved $690)
X- Have my first ever yard sale when the weather starts getting nice this spring.
X- Try to take a real vacation around July or August possibly to Costa Rica.
X- Pay at least $100 extra per month to Mortgage principal. I plan to pay off my mortgage completely before the 20 year mark which is about 3 years from now.

2008 Goals:
- Continue using Quicken to keep my checking and other accounts in order.
- Save at least an additional $400 into my
E-Fund (DONE) which currently has $1,200 in it. My overall goal for E-Fund is $12,000.
- Slowly work on building up a car fund. (VERY SLOWLY)
- Save enough into Travel Fund to take a good vacation in October. (Saved enough money but cannot travel this year)
Save $4000 for 2009 IRA contribution.
- Continue my "Paper (clutter) Challenge"
- More to come as I think it over.

Payday update

August 27th, 2009 at 03:33 pm

Sorry to anyone that may read this for being so slow updating. I always say that I'm a bit of a slacker. And my payday updates are basically to help me keep track of things. It really does help.

Last Friday was my payday. After deducting my spending money and my regular budget it left me with my usual $50 extra towards Mortgage Principal.

Put $50 towards my E-Fund.

Had only $38 to put towards paying myself back for the latest car repair. I now still owe myself $232.

I had somewhat good news. My mortgage escrow or something went down leaving me with a lower Mortgage payment. I'll probably pay about the same as I have been and put the extra towards the Principal. Makes it a little easier getting it paid off.

Posted in Uncategorized | 3 Comments »

3 Responses to “Payday update”

dmontngrey Says:
August 27th, 2009 at 04:40 pm 1251391236
1251391236

My escrow went down too. I was quite happy about that!
Patrick (Toyguy 1963) Says:
August 28th, 2009 at 04:48 am 1251434891
1251434891

Thanks dmontngrey. Its nice having a cost go down once in awhile.
Jerry Says:
August 28th, 2009 at 06:01 pm 1251482487
1251482487

Congrats on being able to make a bigger dent on the mortgage without even feeling a pinch! That is awesome and it will lead to financial progress across the board. We had something similar happen, but it had to do with our insurance premium going down with a new company, and we were able to pump that money into the mortgage. Hey, whatever the source, it helps!
Jerry

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The Toyguy's Blog

Chugging along at a snail's pace.

Payday update

3 Responses to “Payday update”

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