Update:
12/9/2017:
Federal student loan (6.25%): 56000
Navient student loan (4.75%): 5600
Credit cards (0% until Feb. 2019): 10600
car lease (face punch!): 4800
Total debt: 77000
Retirement health savings account: 7000
457B: 2500
Cash: 4000
Total assets: 13500
Net worth: -63500
I'm getting married in 2018, so while it will be a wonderful year in some regards, it won't be the best year financially for me. Still, my goal is to have all CC debt paid off by the time the promotional 0% offer ends in 2019, plus keep contributing steadily to the RHSA and 457 (currently, including employer contributions, adding $700/mo).
Current - 8/16/2018:
Federal student loan (6.25%): 56000 (chugging away paying interest and not much more, what I'm required to pay based on income, waiting to get to Public Service Loan Forgiveness in a few years)
Navient student loan (4.75%): 0 (Yay! With a little help from my now wife, wiped out that debt!)
Credit cards (0% until Feb. 2019): 12400 (last month's wedding costs bumped this up $1800 from last December. Not bad, actually - I was able to pay a lot as I went)
car lease (face punch!): 2800
Total debt: 71200 (reduction of 5800)
Retirement health savings account: 10400
457B: 8200
Cash: 2000
Total assets: 20600
Net worth: -50600 (+12900)
I'm getting got married in 2018, so while it will be a wonderful year in some regards, it won't be the best year financially for me. I'm actually pretty happy that I was able to get married and still increase my net worth by almost 13K in nine months!
Still, my goal is to have all CC debt paid off by the time the promotional 0% offer ends in 2019, plus keep contributing steadily to the RHSA and 457 (currently, including employer contributions, adding $700/mo). Hmm, I'm not sure I'll make, or even want to make, the CC goal. I've significantly increased my contributions to my 457b, up to $1300/mo, trying to get my AGI as low as possible for taxes and what I'll be required to pay on my student loan next year. With a bunch of attractive balance transfer offers floating around (0% for 15-21 mos, possibility of no balance transfer fee), I'm wondering if I shouldn't just put paying off the CC debt on the back burner (keeping it all at 0% via transfer), and plow as much as possible into my 457b. Thoughts?
Also, I should probably bump up my bare bones emergency fund. Currently it's $500. My wife has a decent chunk of cash in savings to draw from if necessary, so it's not scary low, but yeah, I'm thinking it would be good to have a slightly less bare bones $1000 sitting in a high yield savings account, just in case...
Congrats to everyone on your accomplishments - it's definitely inspiring to read about other folks' successes!