By: Revanche

July Snapshot

August 1, 2008

Retirement Savings

Rollover IRA: $1,452
Roth IRA: $3,698
401(a): $4,347
403(b): $16,173
Total: $25,670
<-3%>

Emergency Savings

Catastrophe: $18,163
Problem Cushion: $0

Short Term Goals

Car Maintenance: $930
Car Insurance: $603
Travel/Con: $579
Taxes: $3,465
Moving: $5
Total: $5,582

Long Term Goals

House Down Payment: $100

Investment Loans

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

Total Assets

Non-Liquid: $25,670
Semi-Liquid: $17,997
Liquid: $18,163
Expense Acct: $779
Goals Savings: $5,482
Total: $67,412

Debt and Liabilities

Truck: $4,297
Citi: $298
Chase: $631
Rent: $1,360
Total: $6,317

Net Worth

$61,095

— Up 0.01% —

Once again, it seems like the numbers are inflated; the “increased” net worth is due to the recent influx of cash. It seems to have settled out, though.

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 removed another feature from our landline, bringing that bill down to $30/month, but I want to look at T-mobile’s 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! My Down Payment account has money in it. Current total: $100.00. 😀
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.

Overall, there’s been very little change, except some spending that’s covered by the travel fund. Details on that spending later.

It’s a bit disappointing that my credit card bills (I use them for 90% of my expenses) are outpacing my expense account.

2 Responses to “July Snapshot”

  1. Trevor says:

    Well done on the fact that you have a “home down payment” fund. Not many are quite as wise (like myself). I’ll be starting one soon.

    I enjoy your blog.

  2. Revanche says:

    trevor: I’ve only just started the DP fund, so I’m pretty happy with that myself, but here’s to keeping it going. Thanks for commenting!

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