GI Jane Finances

December 7, 2010

A year of review

Filed under: Uncategorized — gijanefinances @ 1:27 pm

I began paying double on my mortgage starting Dec 2009.  Here is how 2010 started out in Jan:

$114,024 mortgage on rental

Retirement as of 3 Jan 2010:


Saving accounts as of 3 Jan 2010:

Car: $1253

Vacation: $852

EF: $2556

House downpayment: $3165

Total: $7826

Fast forward to December 2010:

Mortgage is now $99,612.69

Home down payment: $12,663.80

Car: $4582.67 (on 15 Dec: $4882.67)

Vacation: $407.20 (on 15 Dec: $707.20)

EF: $7111.41 ($7611.41)

Retirement: $124,943.33

Retirement has grown by $33,993 since the beginning of the year.  Minus contributions, it has grown $13,309.33.  Modest–but I will take it.  I still need to contribute $816 to my Roth.

I am very pleased that my mortgage is now in the 90’s.  If I stick to my current plan, the balance will be $83,220.14 by the end of next year.  The pay off will also be in 2016 instead of 2033. I love the BOA amortization calculator.  That is the only good thing apart from loaning me the money I can say about BOA.  They used to be on by sh!t list in the 90’s.

My move next year may throw off the savings plan.  Not sure if I will get Europe or the states.  I will hold steady until I leave Korea.  If I move to the states, it will reduce my income somewhat dramatically.  Since I do not have any debt apart from the rental mortgage, hopefully the move won’t impact my savings plan regardless of where I move.  Moving can be expensive.  I do plan on selling my 96 Kia for at least $1,100.  I look forward to my next assignment.  Next year, I will only have 5 years left in the military–hence the plan to pay off my rental by then.  Woo hoo!

GI Jane



  1. Can you imagine? Once that mortgage is gone.. WOW!

    You must be saving a ton from your income. Curious — did you ever post your #s? No pressure to do them, but I like seeing people’s spending etc.

    Comment by FB @ — December 9, 2010 @ 6:41 am

  2. I know right! I can’t wait for it to be done. I save about 47% monthly. I do not know how to make gorgeous charts like you. It may be one of my new year’s resolutions. The move next year is the wild card.

    Comment by gijanefinances — December 9, 2010 @ 5:44 pm

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