Wednesday, June 1, 2011

June 2011 Net Worth Update and Other Stuff

I guess I'll do the "other" stuff first, since I didn't post yesterday.

Anywho, I hope you enjoyed the Memorial Day weekend. I sure did! Two of my girlfriends came in from out of town. We attended a jazz festival (got caught in a torrential rain shower), a wine festival, a museum, and we talked and talked and talked, and ate and ate and ate. With the exception of my one friends being sick, it was an absolutely marvelous occasion (sadly, my other girlfriend became ill, too). Oh, I guess I kind of skipped over the fact that all of our eating put a dent in my budget. Fortunately, keeping track of my expenses allowed me to slow down....bear with me, I'm a work in progress!

Since that's out of the way and it's a new month, why not go ahead with my net worth update? I thought it would be pointless to wait until Thursday :) I'll warn you, the recap of May isn't looking too sexy....

My assets increased by $229.59 and my liabilities decreased by $214. Here's the summary explanation:

403(b): (+138.76) When I checked this morning, the last reported contribution (of $205) was May 11th. I've since received a paycheck (and contributed to this account). At any rate, the difference between the recorded contribution from today and my last update reflects that my investments (two mutual funds) have decreased in value. Good thing these things (i.e. monthly fluctuations) don't stress me out (hooray for the long-term)

Emergency Savings: (+5.36) On a whim, I set up $5 deposits into this account (for every two weeks). I know it's not much, then again, it's not much (yeah, re-read that). I figured that I spend $5 a week on useless junk, so why not do something a little more positive with "junk" money. The $0.36 is interest earned on the account. Also, I split the account into "emergency fund" and "around the world". So far, all of the funds are in the "emergency fund" part, as I have yet to achieve my $10,000 goal.

Regular Brokerage Account and Roth IRA: (+$88.72 and +$3.72) Nothing new here: recurring deposits of $25 into the regular brokerage account every two weeks and no deposits into the Roth. Additional differences are because of increases in the value of my investments.

Savings Account: (-$6.97) This account should be motion sick with all of the ups and downs (okay, maybe I'm being a bit dramatic). At any rate, I deposited $18.03 by "keeping the change", maintained my monthly $25 deposit, but (and here's the kicker), transferred $50 to cover my butt because I overspent this weekend. Yikes! Good thing I have this sucker as a cushion (albeit, a small one). 

Car Loan: (+511.10) Slowly, but surely, this loan is going away. I'm looking forward to knocking it under $5K this month :) I may get around to it today, but I have $959.76 in my Del-One deposit account to be applied to the loan balance. We'll see...

Credit Card: (-$397.27) A large portion of this expense is $250 for an LLC tax. I meant to pay it using money from a tax refund (or maybe it was the "extra check" in April), but clearly, I didn't get around to that. A few of the other expenses include $50+ for a domain and web hosting service (to be reimbursed), parking (I don't trust my debit card to those machines) and food. Sadly, I did not plan well enough and I recently realized that my track record of paying my balance in full is at risk. I'm anticipating another reimbursement (work-related) and will probably cover the difference with savings.

Student Loan: (+$100.17) Every month, $229.21 diligently goes towards my student loan. I'm looking forward to increasing this amount, soon! In fact, one of my goals is to pay off my student loan long before its ten year term!

That's all folks!
(at least for today;>)

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