| Paid off my student loan, truck loan, CC pretty much every other debt that I had with the exception of the mortgage but hey I didn't have $125,000 just laying around. The mortgage debt is an approximation since I can't get my login information from work.
My primary focus at this point has been to save up around $35,000 which is roughly 6 months worth of income as an insurance policy to hedge against a job loss. Seeing as how I'm in the military that doesn't seem like a likely possibility but I am debating a career change in the not-so-distant future. Regardless, it's not a bad idea to have liquid cash around. After that the focus will be on paying down the mortgage and upping my retirment/savings contributions. I still feel like I should make an appt with an advisor to get an idea where I will be retirement-wise if I maintain my savings plan as is.
Been setting aside $150/paycheck (not on the books) in order to purchase big-ticket items. Guns, Bicycle, D-SLR... that kind of thing. Mason jar equivalent of a child's piggy bank.
Father passed away recently, and after clearing out his estate it became more apparent that I needed to maintain focus on my own finances. It appears he had no life insurance in effect, made no effort toward final planning, and had virtually nothing in the bank.
Still leaning toward med school. Hopefully by the end of this tour I'll have a good amount in the bank saved and be ready to absorb the pay out for it.
I'll try to keep this updated more often than I have been.//jmc |