Thursday, February 7, 2008
January Budge Recap
After closing out the month and reviewing my expenses against my budget, I discovered that I had an extra $470.91 in my budget that I did not spend. So I put it against my HELOC. Yea!
Tuesday, January 1, 2008
2008 Financial Goals
I've established several goals for myself this year. My financial goals are:
1) Increase emergency fund to $2K
2) Save $600 for Christmas Fund
3) Save $1,500 for Vacation Fund
4) Pay down HELOC to $25,000 (Current balance is: $49,999)
5) Contribute max towards 401(k) to get match*
6) Max out IRA contribution ($5,000)
7) Live frugally!
My employer matches 100% on the first 4% I contribute. My goal is to save 10% of my salary in my 401(k), so I'm contributing 6% of my salary. With my company's 4% match I'm making my 10%.
With the $5,000 in my IRA I'm beating my goal of saving 12% of my salary.
Depending on how I'm progressing at the mid point toward my goal of paying down my HELOC, I may re-look at these goals.
1) Increase emergency fund to $2K
2) Save $600 for Christmas Fund
3) Save $1,500 for Vacation Fund
4) Pay down HELOC to $25,000 (Current balance is: $49,999)
5) Contribute max towards 401(k) to get match*
6) Max out IRA contribution ($5,000)
7) Live frugally!
My employer matches 100% on the first 4% I contribute. My goal is to save 10% of my salary in my 401(k), so I'm contributing 6% of my salary. With my company's 4% match I'm making my 10%.
With the $5,000 in my IRA I'm beating my goal of saving 12% of my salary.
Depending on how I'm progressing at the mid point toward my goal of paying down my HELOC, I may re-look at these goals.
Tuesday, August 14, 2007
Expenses - 8/14/2007
Today, my only expense was to get gas for my car. The price of gas has gone down to $2.969! Awesome! I dropped off dry cleaning which I'll pick up on Friday. I also went to WAMU to move money from my business and personal checking account to my HELOC. I moved $6,993.75 to my HELOC, but when I got to the office I checked my accounts and yes the money has been taken out of my accounts, but hasn't shown up in my HELOC, which makes me very nervous.
Agg! Anyway,
Gas - $28.02
Agg! Anyway,
Gas - $28.02
Monday, August 13, 2007
Expenses 8/13
Today I woke up in Dallas and had to catch a 6:00 am flight to Chicago. I got to the airport at 4:45 am and by 5:15 I was starving. The only thing open was McDonalds. Since I was gone for the weekend I had to buy lunch too. Then I ran to the pharmacy and grocery store. I shouldn't have to spend any money until the weekend.
So here are my expenses for today.
Breakfast/ McDonalds $5.17
cash / pop-tarts $0.85
Lunch/Dominicks $5.48
Prescription/ BC pill $20.00
Groceries/Jewel $28.78
Total for the day: $60.28
So here are my expenses for today.
Breakfast/ McDonalds $5.17
cash / pop-tarts $0.85
Lunch/Dominicks $5.48
Prescription/ BC pill $20.00
Groceries/Jewel $28.78
Total for the day: $60.28
Finanical Goals for the Rest of the Year
1) Save $1000 for emergency fund
2) Save $500 for Christmas fund
3) Save $1000 for rental emergency fund
4) Pay down HELOC by $15K; my HELOC is at $58,221.72
5) Set a budget and live to it.
2) Save $500 for Christmas fund
3) Save $1000 for rental emergency fund
4) Pay down HELOC by $15K; my HELOC is at $58,221.72
5) Set a budget and live to it.
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