"Secret skimping is out, like false bosoms." - Marjorie Hillis, Orchids on Your Budget, 1937.

Monday, April 27, 2009

Net worth Checkup

Emergency Fund: $2,051.10
Checking: $1,039.48
ING Funds (total): $1,529.26
Roth IRA: $3,917.46 (out of the $5,400 I've invested so far)
401k: $1,384.59 (out of $1,557.60 invested)
Sharebuilder: $29.20 (out of $50 initial investment)
Total Positive: $9,951.09

Rent: $825
Credit card: $2,358.11
Student Loan I: $10,379.18
Student Loan II: $0
Total Negative: $13,562.29

Net Worth: -$3,611.20

I just wanted to do an end-of-month checkup to see how my tax return has impacted my finances. Since I'm supposedly renewing my efforts, I really need to put a freeze on that revolving line of credit. I pay it off every month, but it just leaves me treading water. I watched Suze Orman's special again on PBS yesterday, and it helped me to cancel some of the things I ordered that I know I don't need. Though that silicone bakeware had me at "non-stick."

Tuesday, April 21, 2009

Prospective Budget

I'm sure I don't have to say it, but I haven't even attempted to adhere to or even rework my budget in a long time. So here's my tentative reworked budged:

$2,540.00/month after taxes.

Rent: $825 (up to $850 in June)
Loan: $500 (the required monthly payment is actually $90, but if I keep paying this much, it'll be paid off by the end of 2010, instead of the suggested date of 2026. After payoff, sweep to E-Fund. OR, maybe I should contribute $400 here, and $500 to my E-fund. URGH.)
E-Fund: $400 (after it hits $8,000, decrease to $300 and sweep extra to F-fund)
Utilities: approx. $45
Food: approx. $100
Checking cushion: $200 (this includes incidentals, going out)
F-Fund: $100
Medical/Dental: $100 (after it hits $500, sweep to F-fund)
Clothes: $40
Investing: $100
Vacation/Airfare: $60
Tiffany necklace: $35
Gifts: $35

And I'll say it now before I convince myself that it's not true: I DO NOT NEED ANOTHER PIECE OF JEWELRY (...except for one of those Tiffany key necklaces (oy) -- I can't decide whether to get the vintage oval key in silver or the trefoil key in gold).

I will go home tonight and return as much as I can. I can't even say it outloud, but I'll try to believe it when I write that except for on my birthday on Thursday, I will not visit QVC.com or HSN.com at all. Seeing that in writing reminds me that I am my mother's daughter. Please God, never let me succumb to Quacker Factory...

Sunday, April 5, 2009

2009 taxes

I did my taxes last night, and I should be getting a little over 1k back on or around April 17th. I think I'll put all of it in savings and be done with it.