Friday, October 2, 2009
September was a another good month for me, even though I had a few major events. This included weekend trips to New York and Atlanta, property taxes, and three fantasy football leagues. Seems like every month I have some major expense I haven't accounted for come up and it is really hurting my savings I believe. I am guessing with the holidays and everything else the next few are not going to be so kind to me either. But over all I am back in the black after an accounting mistake last month. Overall up 6.37%, pretty nice since I thought the stock market was going to get hit severely. I still believe that the next few months are going to be hard time for the market and thus my networth? We will see
Lets break it down:
Cash & Savings: Had a few expensive weekends, plane tickets, hotel room that put a damper on this months budget, including fantasy football. Overall though I still saved a little and had a huge month in spending, so overall I cannot complain, I will be looking to have a big month in October. This bracket holds the funds for my down payment on house(which is currently on hold again), engagement ring, insurance, auto maintenance, Roth IRA(before I max it out), and vacation. This is why it can be a little deceiving, it also holds my monthly budget in it. It has about 16-17k sitting around as savings the rest are funds that are going to be used at some point over the year. The rest is used on a daily bases for covering expenses, rent, food, auto, etc...
Stocks/Brokerage: This shrunk a little bit as I sold off some stocks. My employee stock option plan is seeing some small growth but seems to be up and down all the time. Right now besides that company stock I am still shorting the financial's and as of right now it is a wealth destroyer but I don't have enough to make a huge difference.
Retirement 401k: This braket is just me adding money to my 401k every month. Not seeing much growth here this last month. I have rolled my old 401k over to a IRA so will be moving it to the Retirement IRA's bracket below. I not really checking on this bracket as it really long term and I just keep pumping money into it every paycheck.
Retirement IRA's: Had a big month which saw a gain of around $400.00 - wow if I could have some months like that I would be able to see my wealth grow tremendously! Anyways still have a big chunk of cash sitting on the sidelines which I have been thinking of dollar cost averaging into, as I am still trying to max out my Roth this year.
Debts and Liabilities - Vehicle and Credit still high
Credit Cards: Most of this is still the engagement credit card with a 12 month 0% APR, I am not going to put much of a dent into this debt until the 12 month, when I will pay it off in full. I have that money going straight into my saving account creating a little interest off of it till I pay it in full. There was a little jump in debt but it is sorta in between stage, we purchased flights up to NYC and the furniture is on the credit card but all will be paid in full before interest is assessed.
Car Loan: See last month
So overall September was a good month. Looking to have a big month in October as things slow down a little bit and not so many expensive weekends. I really need to kick up the saving as I have wedding and honeymoon expenses coming down the line.