Hey all, just looking to get some opinions on how I'm doing. I've always been somewhat frugal but now I'm a couple years into my career, trying to balance saving a boat load vs having some fun. Here's my stats
Me
Just turned 26
Live in Calgary, AB
My job
55k/yr (since June) working in HR. This was my first HR job out of school and I've been at the company 2.75 yrs
Love my job, am underpaid for what I contribute but they invest considerably in my development and I get to be involved in many different facets of the business so I'm thinking long term. Have been promoted and got a few raises as I started at 40k. Receive excellent perf reviews
Will be looking for an increase to 60k plus put on the bonus program (7.5%) for next year.
4% pension match, would increase to 6% with the bump I'm hoping for
Contributing 12% (incl match) to Pens/RRSP/TFSA
Assets
Pension: 4,700
RRSP: 3,500
Company stock: 550
TFSA: 3,700
Cash: ~8,000
Emergency Fund: Using YNAB and on last months income. Will fund more fully after loan is killed. Job is secure and there's several categories/TFSA I could raid if needed
Savings for 1 month trip to Africa in 2014: 3300 (target 5k)
Liabilities
I've been working to kill the student loan this year
Started the year at 12,000 now at ~4500 with 1700 in payments coming this month from my 3rd pay in Nov plus my budgeted pmt Feels great to see the end in sight. I have it charted in excel and the diff this year is staggering. Can't wait to have it done.
A provincial student loan of 2500, interest rate is only 2.5% so I'm not in a rush and paying the min
In short, net worth is ~13,500. I'm 2.5 years into my career making 55k and hoping for a decent increase at year end. I just turned 26. I'm getting near the end of my student loan. How am I doing? What can I improve on?