Welcome to MMM, @kittykat
Sounds like an ambitious but relatively solid plan. You've got enough goals listed for a decade of your life:).
I'm not entirely clear as to how you arrive at $100K - perhaps you could list Step One and then as you complete each step post the numbers/action required/taken.
Like a running list of each completed step - so you have a visual of how far you have come already.
So, you plan on boosting your emergency fund first and then move onto paying off (which?) debt first? Why and how? You don't need to detail your plans except for a frame of reference and/or unless you'd like some input from the community as to how and why and in which order you could approach your goals.
I would suggest for instance that you discuss your overall plan in the "Ask a Mustachian" section just in case there may be a better way of addressing your particular situation. It helps to get input and feedback along the way.
Also, I recommend you check in once a month instead of vaguely promising to post updates - hold yourself accountable! It goes a long way towards success.
It helps you to stay on track. Somehow public exposure forces one to comply with stated goals:).
Good Luck - looking forward to cheering you on as you move forward.
Thanks so much Rosy!
Yes I will update monthly, if not more frequently :)
I have a spreadsheet as the backend for this plan that I've been working on since October in anticipation of the January windfall and overall 2020 cash flow (I worked really hard for a recent promotion to pull this all together).
I have 4 different credit cards with 0% APR rates that have varying expiration dates going into August 2020. I plan to pay each off prior to its expiration date, and save the rest of the available cash (after paying for things like the nanny and summer camp etc) to fund my emergency and downpayment accounts.
Credit card 1, $18,xxx: 0% APR through billing cycle ending in 01/2020
Credit card 2, $8,500: 0% APR through billing cycle ending in 01/2020
Credit card 3a, $5,300: 0% APR through billing cycle ending in 4/2/2020
Credit card 3b, $10,000: 0% APR through your billing cycle that ends in 6/2/2020
Credit card 4, $5,900: 0% APR through your billing cycle that ends in 8/2020
From January and February 2020 funds, I plan to payoff Credit cards 1, 2 and 3a. And continue to use Credit card 1 for day-to-day payoff-at-the-end-of-each-month charges only.
After child costs, that should leave me with $10k for my emergency fund and $7k for downpayment fund by end of January... (if I don't effing spend it!)
Credit card 3b I plan to pay off in April 2020 and credit card 4 in July 2020 with vested stocks. And still ironing out the rest of the savings plan post January.
I definitely have many lingering questions around buying/renting in nyc area, and rental property investment upstate etc. So I will definitely continue to engage the "Ask a Mustachian" section :)
