Well we are finally about to turn the page on another year! (Thank you! Thank you! Thank you Universe!)
I think I have finally come to terms with how my personal financial year turned out. I am very thankful that I was able to make gains on my financial goals. However, given the state of the world I am feeling particularly anxious and want to super charge as much as possible in the coming years.
But now it's time for a review of my financial 2016. First and most importantly, I met my goals:
2016 Financial Goals:
1) Overpay my mortgage by an extra 3%. I overpaid by 4.17% (overpaid by 0.88% this month to get below a certain dollar threshold).
2) Invest $6,250 into my new brokerage account. I invested a total of $11,896.31 - nearly doubling my goal and putting myself on the right track to meet my ultimate goal.
3) Save $625 into my Rewire account. I saved $660 ($55 each month).
4) Save $625 into my G2H-FU account. I saved $660 ($55 each month).
5) Save $2,500 into my 2nd Home account. I saved $2,520 ($210 each month).
My brokerage account balance grew by a good amount but it was mostly due to my investing cash into it. The original balance as of 1/31/2016 was $37,516. I invested $11,896 bringing the balance to $49,412. Reinvested dividends and capital gains gave me an extra $1,737 (woot!) bringing the balance to $51,149. Gains in the market values thus only totaled $2,610. It's not a huge amount and it is before tax. But I must focus on the long-term.
And this year was a decent slaying of a part of my mortgage with a total payoff of approximately 7.31% and moving the needle so that I now have less than 60% remaining of my mortgage. Very happy about this.
Well that's it for me. My Pages have been updated:
Ultimate Goals
Brokerage Accounts
Dividends & Capital Gains
KILL My Mortgage!
Actual Savings & Investments
*Savings part not fully updated yet...
Hopefully, for those reading you are ending 2016 on a decent note financially and have made a plan for next year.
Happy New Year's Eve! I will be back soon to post 2017 goals.
Pru
No comments:
Post a Comment
Positive comments are always welcome. Negative comments will be deleted. Selling something - ain't gonna happen. I'm not a financial adviser and you're probably not either. Careful what you recommend.