2018: First Financial Task Completed?

[scfr]

What was the first finance-related task you completed in the new year?

Today DH & I finalized our 2018 budget, I created sheets for tracking spending, and made a new folder for both.

[Jluke]

I did a final download into quicken to include the monthly interest from savings accounts and then backed it up to the external hard drive.

Updated my excel files for tracking net worth and expenses.

Paid the cable bill to capture the 5% cash back category.

Paid the water bill (monthly, ugh. Used to quarterly bills)

Sent a few dollars to Vanguard so I could purchase 5 shares of VTI on Tuesday, if my limit order executes.

Tried to transfer $5500 for my Roth but it wouldn’t let me so I’ll have to check back on Tuesday.

Pretty busy day.

[Like2Plan]

Taxes. I put my final numbers into my spreadsheet. I will compare this against what TT calculates for me. It's generally pretty close.

I'm still trying to understand the changes for the 2018 tax year, but I think next year is going to be even easier to figure out. I will have to make a new spreadsheet for 2018.

[disneysteve]

What was the first finance-related task you completed in the new year?

I sat down and calculated our current asset allocation and identified a few changes that I will make in the coming days. Thanks to the surging stock market, some adjustment is needed. I also want to start focusing on simplifying a few things in our portfolio as there are just too many accounts.

[kork13]

I ran through looking at the military's new BRS retirement plan for my wife. She's been in for less time than I, and she's more likely than I to leave the military before retirement, so it's looking like we'll elect the new one for her, and keep me on the old system.

I also need to look at asset allocations to see what adjustments needed to be made.

[bjl584]

I'm currently in the middle of some longer-term planning. Looking for investments and income streams other than W2 earnings and the income that my stock portfolio generates.

[phantom]

I sent $5500 to my IRA and $250 from Christmas to my daughter's 529. I had tried to do both things over the weekend, but neither had options for the 2018 tax year until it was actually 2018. Technically, having the 529 contributions count for 2017 would have been fine. But, I've confused myself in the past by having the contributions happen in one year and count towards the previous year.

[sdol1]

I completed my profit/loss spreadsheets for December and 2017. The next thing I'll be doing is sorting out my taxes.

[LivingAlmostLarge]

I think were curbing our cash and investing a bunch.

[Gailete]

Paid an on line bill on the 1st. Balanced my checkbooks today. Got my bill book/calendar up to date. Had all receipts for 2017 recorded as needed in excel. Shipped out 11 orders yesterday that had come in during the weekend. Trying to sort out my desk and deal with what I have to. Need to officially sign up for new car insurance.

[disneysteve]

For various reasons, I did not fully fund our Roths in 2017 before the end of the year. One reason was that I wasn't positive what our income would be and was afraid we might hit the limit at which we couldn't contribute the full amount. Since that didn't happen, I need to catch up and get the 2017 money in.

I just added $2,000 ($1,000 for each of us). We only have $2,000 left to put in which I should be able to do with my next paycheck.

While I was logged into my account, I also made an exchange within my Roth to rebalance slightly, lowering our overall stock allocation by about 1%. I need to bring it down more but didn't want to do it all at once (or all in the same account).

When I worked out our allocation percentages the other day, I did it manually. I really need to make a new spreadsheet that calculates it all automatically for me. I'd keep a better watch on it if I had that.

[Snave]

My first financial task was to spend a few hours today with a friend learning some new software for our photography business. It is going to cost me $549 tomorrow when I purchase it, but it would have saved me close to $11,000 this past year. Should save me a lot more than that this year as we continue to grow.

[bennkar]

$6500 into my Roth IRA was first thing, which I did today. Already bought one stock and lost just a few dollars (less than $10). Oh well, it happens.

[moneybags]

When I worked out our allocation percentages the other day, I did it manually. I really need to make a new spreadsheet that calculates it all automatically for me. I'd keep a better watch on it if I had that.

Use your current spreadsheet, add columns to the right of your totals for each category (stock, bond, cash, etc.). Add formulas in the column that corresponds with the category so that the totals carry to the correct column automatically. Total at the bottom and add percentages. Hope that makes sense.

[disneysteve]

Use your current spreadsheet, add columns to the right of your totals for each category (stock, bond, cash, etc.). Add formulas in the column that corresponds with the category so that the totals carry to the correct column automatically. Total at the bottom and add percentages. Hope that makes sense.

Yep. I can definitely add it to the existing spreadsheet. I don't need to start from scratch.