What’s the News? Financial Headlines this Week

A few financial headlines caught my attention this week. Some good, others… not so much. So here they are; the good, the bad, the ugly, and the WTF?.

Good News: Retirement Savings Contributions Will Increase in 2019

It’s finally official that 401(k) employee contribution limits will rise to $19,000 in 2019. (Source: IRS)

If you are someone fortunate enough to have access to a 401(k), let alone be able to max it out, enjoy the extra $500 next year. Don’t forget to adjust your withholding settings in January.

Not to be left behind, IRAs and Roth IRAs contribution limit will increase from $5,500/year to $6,000/year(Source: IRS)

People who max this tax advantaged space every year (I hope to be one next year), are excited about making round, even $500 monthly (or $250 semi-monthly) payments instead of the odd $458.33 monthly (or $229.16 semi-monthly) payments. Yeah, this is actually a thing that people geek out on.      Read More

A Story of a F*ck Off Fund

Image Credit: thebillfold.com


I heard you guys loud and clear about my job burnout in the comments of an earlier post. I need some time off of work, so I’m taking some time. I’ll be away from work for 5 straight, glorious days and won’t be doing anything remotely constructive with my time. heh   Read More

[-$86,743] Why I Want a One Year Emergency Fund


In my 2017 Goals post I mentioned that my ultimate goal for my emergency fund was to save 1 year of living expenses.

You may wonder why I want so much in savings. I’m single. I don’t have any dependents, and I live rather frugally. Simply put, I want more because what I have saved so far doesn’t align with my goals.

My current 2.5k mini-emergency fund is a needed life line, a life preserver, should something unexpected, yet minor happen in my life. The life preserver doesn’t look pretty, nor does anyone using it; but that’s not the point. The life preserver has only one job, to keep your head above water until you’re out of danger. It does not provide comfort or space/buffer from the danger.

This level is savings is fine for some, particularly those who have a relatively low amount of debt compared to their income and who will be out of debt in a relatively short amount of time (less than one year). This is where my savings are now, and I’m seeing that this is not enough. Read More

Let’s Try This Again: I’m Out of Credit Card Debt for the Second Time


Thanks to getting an annual bonus for 2015 that finally hit my account (yay!) and a paycheck, I have paid off the last $200 of my credit card debt and have started savings funds!

I suppose I am now officially ‘Single Debt Single Woman’! 🙂  Woot!

“It’s Deja-vu all over again…”

Last year (2015) this time, around the end of February / early March, I had just paid off over $30,000 of credit card debt.  I celebrated and was happy to be reaching large debt milestones. I even had about $2,000 in savings at the time. Things were looking up. Next on the horizon was my student loan debt.   Just days after writing those posts, I ended up in the emergency room, and several expensive doctors visits, diagnostic tests, and one major surgery later, I ended up losing all of 2015 to paying off the incurred medical expenses.

Well, here I am again at the end of February (2016) with my credit card debt freshly paid off and a bit of money in savings. I had been looking forward to an uneventful 2016, but as I mentioned in my previous post, I’m now I’m dealing with stress and uncertainty at work and home this year. It may be superstition, but Read More

Medical Expenses are Dragging Me Back into Debt


health costs

Long time, no write.  I know  😦

I know the world has been curious about the machinations of ‘America’s Most Indebted Single Blogger’.  Ha! I’m pretty sure I don’t hold that crown actually, but it feels like it sometimes.

I’ve updated my numbers and as you can see I have fallen back into credit card debt. Why?  I have medical expenses not covered by my insurance and other expenses relating to my upcoming surgery. This debt may go up in the near future sadly. Doctors saw something in my pre-op scans that is potentially much more serious than Read More