Checkup – July 2020

My dad died last week, so I’m not going to do much writing. I’ll put up all the charts for consistency’s sake – making them is nicely mindless and cathartic – but I just don’t have a lot to say.

Budget/Cash Flow

July 2020 Budget

PayItBack Progress

July 2020 Debt

Net Worth

July 2020 Net Worth

Financial Independence

July 2020 FI

Financial Goals for 2020

1) Devote 2/3 (66.7%) of net income to wealth-building: 63.5% running average
2) Max out 403b: $13,013 of $19,500 (66.7% done)
3) Max out backdoor Roth IRAs: $6,000 of $12,000 (50% done)
4) Max out 529s for state tax benefit: $0 of $16,000 (0% done)
5) Save an additional amount to achieve 20% of gross salary: $36,940 of $28,500 (129.6% done)
6) Pay 2019 tax underpayment: $0 remaining
7) Pay off all carried 0% APR credit card balances: $0 remaining
8) Pay off my car loan: $0 remaining
9) Pay off Mrs. PIB’s car loan: $0 remaining
10) Pay off Mrs. PIB’s student loans: $23,493 remaining


How Far I’ve Come

2 thoughts on “Checkup – July 2020”

  1. My sincere condolences regarding your father’s passing. I can’t imagine I’d be in a mood to write much of anything, either.

    I haven’t seen my parents since before the pandemic started, but we’re driving 10 hours to see them tomorrow. We both live in areas with very few cases of COVID, and I don’t think it’s wise to wait until this whole thing is through to see them again. You never know how much time you or they will have.

    Best,
    -PoF

    Reply
    • Thanks Leif. I’m learning a lot both about estate planning and the unwinding of that plan (or lack thereof) that follows. Fortunate to have a supportive family and workplace but obviously still hard. Agree with importance of making every moment count. All the best to you and yours, and safe travels.

      Reply

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