By: Revanche

June Snapshot: A little tardy

July 2, 2008

Retirement Savings

Rollover IRA: $1,452
Roth IRA: $3,688
401(a): $4,085
403(b): $16,095
Total: $25,320

Emergency Savings

Catastrophe: 17,037
Problem Cushion: $1,382

Short Term Goals

Car Maintenance: $1,298
Car Insurance: $1,375
Travel/Con: $700
Taxes: $3,465
Moving: $5
Total: $6,868

Long Term Goals

House Downpayment: $43

Investment Loans

Prosper-ish: $12,630
Personal Loan: $5,000
Savings Bond: $357 (current accrued value)
Total: $17,997

Total Assets

Non-Liquid: $25,320
Semi-Liquid: $17,997
Liquid: $18,419
Expense Acct: $373
Goals Savings: $6,868
Total: $64,164

Debt and Liabilities

Truck: $4,683
Citi: $1,547
Chase: $838
Rent: $1,360
Total: $8,428

Net Worth


— Up 7% —

Once again, it seems like the numbers are inflated; the “increased” net worth is due to the recent influx of cash. It’ll settle out soon enough, once the bills are paid off and the “extra” cash goes where it needs to go.

June ended far too soon, with too much left to do. I am happy that I have a bit more in my cushion, though. With the gas prices getting higher every day, I’ve had to readjust my expectations for monthly expenses, and adjust the emergency fund target upward accordingly. Of course, I will continue on my crusade to reduce expenses, but I prefer to plan for the worse (6 months of unemployment at current spending levels) and hope for the best (landing a better, higher-paying job, reducing expenses).

I’ve taken another feature off our landline, bringing that bill down to $30/month, but I want to speak with Tmobile tonight about their new version of a landline service. If that pans out and doesn’t affect my internet service ($14.99/month), I’ll switch from Verizon ($30/month) to T-mobile ($10/month, $50 start-up fee). At that rate, it’ll take 3 months before I start saving $20/month on phone services.

Oh! I added another $10 to my Down Payment account. Current total: $43.00. 😀
And I gave my Moving account a free $5 from my checking account cushion to start. It’s a drop in the bucket, but at least there’s a drop now. That should encourage more drops.

2 Responses to “June Snapshot: A little tardy”

  1. Beautiful says:

    Question about your IRA:

    Who is it with??

    How much did you start and fund it a month?

    I am interested in starting a Roth IRA. I do have an annuity with Lincoln Financial. I was thinking about taking some of it and making it into a Roth. Thank you for a very entertaining and informative blog.

  2. Revanche says:

    Beautiful: I hold my Roth IRA with Vanguard. They usually require $3000 to start an IRA, so I waited until I had a bonus check, and funded it with about $3300. Unfortunately, I’ve not had enough to continue funding ever since, the emergency fund takes precedence. 🙁

    Check your fees on your annuity and make sure you know what it’ll cost you to cash it out for your Roth. I hate being surprised by those fees! I had a $40 charge when I rolled out of my employer 401(k) to open my Rollover IRA four years ago.

    Thanks for reading!

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