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2019 Financial Year In Review

December 3rd, 2019 at 11:55 am

Hello everyone! I met my goals of paying off my consumer debt and student loan this year. A few really good-paying projects from our side business was the key to help us get the debt paid off. Using the snowball method was also important to keep the momentum gong.

I must say what a relief it was because I became unemployed at the end of September. You can't put a price on peace of mind but for me, it was in the thousands of dollars. On a happier financial note, I accepted a job offer and I begin working at a new company in a couple of weeks.

Here is my annual review on what my balances were since I started tracking:

MORTGAGE:
NOV 2016 = 86,735.14
NOV 2017 = 84,213.18
NOV 2018 = 81,699.54
NOV 2019 = 79,499.00 (REFINANCED IN SEPTEMBER - took off 2 years of our balance and $100 off our monthly payment plus the credit union paid the closing costs).

STUDENT LOAN
NOV 2016 = 17,764.25
NOV 2017 = 15,990.72
NOV 2018 = 14,157.47
NOV 2019 = PAID OFF IN AUGUST (I started paying double and triple payments and eventually paid it off lump sum)

CC1
NOV 2016 = 13,928.46
NOV 2017 = 11,564.48
NOV 2018 = 9,759.51
NOV 2019 = PAID OFF IN SPRING (double and triple payments and eventually paid it off lump sum)

CC2
*** NOT TRACKED IN 2016
NOV 2017 = 8,315.19
NOV 2018 = 0 (Paid Off Balance Transfer back in August)


Goals for 2018 to bring CC2 to zero. CC1 down to $6,000. Did not quite make it down to 6,000 as of November.

Goals for 2019: Pay off CC1. Then, snowball Student Loan by end of year get it paid off. Accomplished

Goal for 2020: Beef up my emergency savings account to $10,000.

3 Responses to “2019 Financial Year In Review”

  1. LivingAlmostLarge Says:

    that's amazing! Congrats!

  2. Dido Says:

    Great job!

  3. rob62521 Says:

    Wow, you did well. Hope the new job is terrific!

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