By: Revanche

May Snapshot

May 31, 2008

Retirement Savings Rollover IRA: $1,415
Roth IRA: $3,603
401(a): $4,120
403(b): $16,973
Total: $26,111
Emergency Savings Catastrophe: 15,004
Problem Cushion: $1,382
Short Term Goal Savings Car Maintenance: $1,316
Car Insurance: $1,375
Travel/Con: $700
Total: $3,391
Long Term Goal Savings House Downpayment: $33
Investment Loans Prosper-ish: $12,630
Personal Loan: $5,000
Savings Bond: $357 (current accrued value)
Total: $17,987
Total Assets Non-Liquid: $26,111
Semi-Liquid: $17,987
Liquid: $16,386
Expense Acct: $256
Goals Savings: $3,424
Total: $64,164
Debt and Liabilities Truck: $5,450
Citi: $56
Chase: $371
Insurance: $775
Rent: $1,360
Total: $8,012
Net Worth $56,152

 

While I liked Moom’s suggestion of breaking out the short term and long term savings goals for a more accurate feel, I’m still hesitant to include it in my net worth specifically because it’s meant to be spent someday. For now, I’m leaving it in there, and still leaving the automobiles out of the accounting. Given the current economy and the amount of time it’s taking to sell the truck, I don’t have a lot of faith that I could easily sell the cars for a current valuation.

I’ve actually regressed a little since last month’s snapshot: $56,454. In part, a lot of hefty bills came to roost, like the insurance deductibles. Bill creep accounted for some small part of it, which is why I started on the crusade to bring down the cable and internet bills. The new additions to the expense/savings do balance each other out, though, like for the auto insurance item. Redistributing that “windfall” and having it go into spending categories reduced the overall amount. Primarily, though? I think I’m almost certain that gas prices have been eating up my budget. In the last month, I’ve spent $250 on gas, compared to $250 in the two months prior. I’ve literally doubled the amount spent on gas.

I’m still seeing some growth in the long term savings, and I just need to produce more growth in the non-spending areas.

I’d like to see better numbers, but I’m not terribly surprised that this month wasn’t so good. Assuming work doesn’t have any really unpleasant surprises, I hope to see some improvement in a few months. I won’t see it in the investment section, though, as I’ve severely reduced my contributions.

 

4 Responses to “May Snapshot”

  1. I can’t wait until I can start listing my assets in those amounts for short-term savings šŸ˜€

  2. ~FB~ At the rate you’re going, you’ll be there in no time! The progress you’ve made in the last couple of months has been phenomenal, once that money’s all going towards savings you’re going to blow my little accounts out of the water šŸ™‚

  3. Katie says:

    I like your e-fund labels “problem cushion” and “catastrophe”. I think of my 1k and 6 month e-funds in the same way.

Leave a Reply

CommentLuv badge

This website and its content are copyright of A Gai Shan Life  | Ā© A Gai Shan Life 2024. All rights reserved.

Site design by 801red