topic Re: 2015 Financial Resolutions in Credit Cards

2015 Financial Resolutions

Anonymous — Wed, 10 Dec 2014 14:47:26 GMT

what do you guys resolve to do in the new year?

Me? I picked up a few cards this year and I don't need anymore personal cards. 2015 I'll be more focused on long term financial goals like starting a IRA, continue saving for a house. Don't think Ill get any more personal cards unless it's a business PRG. Take out a 5k personal loan for a beefier credit profile with a real installment loan rather than just a secured one. Possibly join NFCU or Penfed for future loan options and investment products....

Re: 2015 Financial Resolutions

Anonymous — Wed, 10 Dec 2014 14:52:31 GMT

I resolve to attempt to get $15,000 limits on both of my AMEX revolvers.

Re: 2015 Financial Resolutions

Anonymous — Wed, 10 Dec 2014 14:56:45 GMT

I have all the cards I've had my eye one, so I guess my goal is to garden all year and to build enough confidence to ask for a raise at some point. I should strive to increase my IRA contributions as well.

Re: 2015 Financial Resolutions

Anonymous — Wed, 10 Dec 2014 15:33:04 GMT

No more cards until I graduate (summer, 2016). Take the money I earn next summer, dump as much as I can into my Roth IRA. Possibly trying to see if I can get a student loan at under 5%. Other than that, paying bills.

Re: 2015 Financial Resolutions

Anonymous — Wed, 10 Dec 2014 15:40:25 GMT

@Anonymous wrote:
I have all the cards I've had my eye one, so I guess my goal is to garden all year and to build enough confidence to ask for a raise at some point. I should strive to increase my IRA contributions as well.

Shockingly enough, I've never had to do this.

All my raises have been automatic... And our yearly bonus was upped to 10% vs 6% last year.

Unfortunately our medical plan went to a 80/20 with 2x last year's deductible from a 90/10.

Re: 2015 Financial Resolutions

navajomyst2003 — Wed, 10 Dec 2014 15:45:57 GMT

@Anonymous wrote:
what do you guys resolve to do in the new year?

Me? I picked up a few cards this year and I don't need anymore personal cards. 2015 I'll be more focused on long term financial goals like starting a IRA, continue saving for a house. Don't think Ill get any more personal cards unless it's a business PRG. Take out a 5k personal loan for a beefier credit profile with a real installment loan rather than just a secured one. Possibly join NFCU or Penfed for future loan options and investment products....

Gardening, no more apps, consolidating credit lines and maximizing rewards. Of course, this is always subject to change if a great rewards offer happens to come along in 2015.

Re: 2015 Financial Resolutions

USF813 — Wed, 10 Dec 2014 16:04:46 GMT

No additional credit cards here. I'm enjoying learning the inns and outs of NFCU member mall and Barclays rewards boost. DCCU is sleeping in my sock drawer and IHG only gets used for hotels. The lack of desire in opening cards actually feels really good. My mission now is to possibly refi my condo and continue saving for a new car.....and more aggressively tackle my student loans.

Re: 2015 Financial Resolutions

Anonymous — Wed, 10 Dec 2014 16:29:55 GMT

@Anonymous wrote:
@Anonymous wrote:
I have all the cards I've had my eye one, so I guess my goal is to garden all year and to build enough confidence to ask for a raise at some point. I should strive to increase my IRA contributions as well.
Shockingly enough, I've never had to do this.

All my raises have been automatic... And our yearly bonus was upped to 10% vs 6% last year.
Unfortunately our medical plan went to a 80/20 with 2x last year's deductible from a 90/10.

Nice! I don't get a yearly bonus

So far I've had a couple automatic raises early on, but it's been quite a while and if an auto-raise doesn't come with this years annual review or something I might timidly mumble a request for one.

Re: 2015 Financial Resolutions

Callandra — Wed, 10 Dec 2014 16:27:02 GMT

Wish I had the guts to ask for a raise...I work in a company of only a few..the owners pay in taxes what I make in a year (no, no, there is no huge gap now between owners and the minions).

But other goals:

-1 more credit card (probably end of 2015) which would ideally be Quicksilver for the 1.5% back on everything with no FTF

-Open and start putting money into a Roth IRA

-Except for QS, GARDEN

Re: 2015 Financial Resolutions

chalupaman — Wed, 10 Dec 2014 17:14:25 GMT

Here are some of mine.

Get another CLI on one of my Amex cards.

Have lower utilization overall and get more in that 4%-6% range.

Get some APR reductions on my Discover It card and try again for a CLI sometime next year.

Getting a Chase Amazon Visa card to nearly complete my collection

Close any cards I don't need anymore as fit

Someday have a 10K limit card, I'm hoping to try Diners Club again on my birthday and if not, I guess since Ebates Visa gave me a high starting limit that it might be the first card I have to get somewhere close that kind of limit

Look into some internships

Re: 2015 Financial Resolutions

1GaDawg85 — Wed, 10 Dec 2014 17:18:47 GMT

Get back in with BoA, Chase, Citi, Discover, and AmEx

lower util to 5%

CLI lower cards to at least 5k-10k

refi my car with DCU

Re: 2015 Financial Resolutions

Anonymous — Wed, 10 Dec 2014 17:21:45 GMT

#1 Financial Resolution - Obtain a mortgage.

#2 - Build a larger emergency fund for house related emergencies.

Re: 2015 Financial Resolutions

1GaDawg85 — Wed, 10 Dec 2014 17:25:03 GMT

@Anonymous wrote:
#1 Financial Resolution - Obtain a mortgage.

#2 - Build a larger emergency fund for house related emergencies.

You're lucky to have USAA on your side

Re: 2015 Financial Resolutions

Creditwiser — Wed, 10 Dec 2014 17:25:47 GMT

Stay put in the Garden. Continue to build savings and emergency fund. Manage and take car of the credit Ive obtained post BK7 and continue to work toward 700+ on all 3 CRA's

Re: 2015 Financial Resolutions

Anonymous — Wed, 10 Dec 2014 17:53:31 GMT

@1GaDawg85 wrote:
@Anonymous wrote:
#1 Financial Resolution - Obtain a mortgage.

#2 - Build a larger emergency fund for house related emergencies.
You're lucky to have USAA on your side

Indeed. I'll be comparing USAA & NFCU.

A house wouldn't be possible at all if I didn't have the no-funding fee VA loan option available, but I've got two possible funding sources that go to bat for vets. Yay!

Re: 2015 Financial Resolutions

1GaDawg85 — Wed, 10 Dec 2014 18:08:42 GMT

@Anonymous wrote:
@1GaDawg85 wrote:
@Anonymous wrote:
#1 Financial Resolution - Obtain a mortgage.

#2 - Build a larger emergency fund for house related emergencies.
You're lucky to have USAA on your side
Indeed. I'll be comparing USAA & NFCU.

A house wouldn't be possible at all if I didn't have the no-funding fee VA loan option available, but I've got two possible funding sources that go to bat for vets. Yay!

I love being able to use my VA loan....and how long have you had the USAA card?

Re: 2015 Financial Resolutions

Anonymous — Wed, 10 Dec 2014 18:14:02 GMT

@1GaDawg85 wrote:
@Anonymous wrote:
Indeed. I'll be comparing USAA & NFCU.
A house wouldn't be possible at all if I didn't have the no-funding fee VA loan option available, but I've got two possible funding sources that go to bat for vets. Yay!

I love being able to use my VA loan....and how long have you had the USAA card?

Just over a year now... but it is secured. Only way I could get an AMEX so soon after a BK.

Re: 2015 Financial Resolutions

yfan — Wed, 10 Dec 2014 18:40:31 GMT

Here are mine (at least as it relates to credit and credit cards):

Garden: I have all the cards I want so unless my needs changed drastically, I don't see myself needing new cards. I got 3 new cards this year (Discover IT, Orbitz Visa, Marriott Premier Rewards Visa), and I am going to let them age. Getting a few soft pull CLIs wouldn't be bad either.
Consolidate: I am more and more convinced that for my spending and travel habits, Orbitz is going to be a better fit than Marriott, so sometime before the Marriott card's annual fee hits next year, I will probably move the limit to my Amazon card and close the Marriott card.

Re: 2015 Financial Resolutions

Anonymous — Wed, 10 Dec 2014 18:44:29 GMT

1. Pay down balances incurred in 2014

2. Stop app'ing after May and start to pump up my fico for possible auto loan in Dec

3. Learn more about all this stuff n' nonsense

4. Start a savings acct and draft up a 10 year plan

Re: 2015 Financial Resolutions

baller4life — Wed, 10 Dec 2014 19:06:04 GMT

Join Penfed! That's all I want to do in life. Lmao. Then I will know I have ARRIVED Honey!!