4 Positive Financial Moves We Made to Our Bottom Line in 2012

At the end of the year it always feels like time has slipped away for me. Writing a post on all of the positive financial moves we made in 2012 helps to shed light on this as it makes me go back through a year’s worth of posts and see that a year’s worth of time has, in fact, passed and we were not gipped by the clocks.

When I looked back on 2012, I realized that it was quite a fruitful year for us in terms of finances. Here’s what we managed to accomplish:

  1. Refinanced Our Mortgage: Procrastinating on refinancing our mortgage for six months or so actually paid off for us; when we finally decided to go through the paperwork earlier this year we were able to lock in a 3.5% fixed interest rate (down from 5.5%), and a 15-year loan (down from a 30-year loan) for an extra $200 in payments per month. The closing costs ended up being only $400, which was amazing!
  2. Named Beneficiaries on All Accounts: Since getting married in 2010 we had not taken the time to review beneficiaries on our financial accounts. I feel much better having sorted through all of this and making the necessary designations.
  3. Banked 40% of Post-Tax Money in Permanent Savings: Despite having not met our lofty goal in 2011 of saving 50% of our post-tax income into permanent savings (retirement and a savings account we do not tap for things like travel and appliances), we set the same goal for 2012. Again we fell short, but we managed to save 40% of our post-tax money in permanent savings (in 2010 we saved 29.8%, and last year we saved 38%). On top of this, we preserved all of the savings from the previous two years. Hurrah!
  4. Grew Our Net Worth by 29.9%: Since 2009 I have used NetWorthIQ.com to keep track of our net worth. Once every six months I plug in our numbers to see our growth. It’s great motivation!

What are some positive financial moves you have made in your own household this year?   

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