My Net Worth – March 2016

This month I became consumer DEBT FREE! And I broke through to a six figure net worth! I paid off my car early in March and then I got my first paycheck at the end of the month that I...

Beware of Lifestyle Creep

I have been debt free (except for the mortgage) for all of a week and I have already started to notice changes in my spending habits. I spent the past 20 months saying “no” to every opportunity to spend and for...

I’m Debt Free!!…Now What?

As of March 9, 2016, I am debt free except for my mortgage!!! It took me 20 months to pay off $76,043.35 in consumer debt. I had credit cards ($22,338.35), a personal loan ($20,000), and a car loan ($33,705). Just to...

My Net Worth – February 2016

This month has been a good month for debt repayment since I got my employer reimbursement for a trip in January and my first tax refund. My investments have also been kind to me, mostly due to yesterday I’m sure. Cash Savings:...

Simple Back-Door Roth IRA

Below are the IRS income limits for tax-deductible IRA contributions in 2015. If your filing status is… And your modified AGI is… Then you can contribute… married filing jointly or qualifying widow(er)  < $183,000  up to the limit  > $183,000 but < $193,000  a...

Is Grad School Worth the Debt?

A few of days ago one of my students came into my office and told me that she was accepted to my alma mater for grad school. She was clearly excited and I was excited for her, then she asked, should...

My Net Worth – January 2016

In January, I officially started tracking my net worth. I followed J. Money’s format from Budgets are Sexy. I’m really surprised that my net worth is positive, but it still sucks to have those liabilities (house and car). I still feel pretty...

How I Use Credit Cards

So, yes I still use credit cards, but most definitely not like I used them in the past (i.e. charging everything). How I Use Credit Cards I only use my credit cards on two occasions: Large Purchases – Whenever I...

The Forest – Movie Review

One of the few things that I spend money on to have fun since I have been getting out of debt is going to the movies (I’m a bit of a movie buff). I usually go to the bargain matinee with a friend,...