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Financial Update – September

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I’ve decided to change my accounting technique, so I’ll include some past numbers to show any increases or decreases. For instance, I’m no longer including my “home inventory” and I’ve stopped including what amount I’ve had for “cash on hand,” since those calculations are most likely inaccurate.

  09/23/2004 08/23/2004 07/23/2004
Savings/Checking: $ 9,432 $ 8,369 $ 10,837
Other Assets: $ 15,457 $ 15,493 $ 18,644
Taxable Investments: $ 3,179 $ 3,128 $ 3,086
401k (Pre-Tax): $ 11,211 $ 10,276 $ 9,815
Roth IRA: $ 3,734 $ 3,418 $ 3,126
Credit Cards: ($ 1,815) ($ 548) ($ 1,891)
Car Loan 2.00%: ($ 11,781) ($ 12,057) ($ 15,478)
Student Loan 2.82%: ($ 6,266) ($ 6,323) ($ 6,323)
TOTAL $ 23,152 $ 21,759 $ 21,817

From the looks of things, my net worth is still improving, but onliy slightly. I’ve had a decreasing amount of cash. I currently shovel 20% of my gross income directly into the 401(k) and $125 twice a month into the Roth IRA. The IRA will max out at $3,000 for this year’s contributions. An additional $400 or so of each paycheck is distributed directly to ING Direct savings accounts to be earmarked for special uses, such as car payments and a relocation fund.

Updated June 16, 2011 and originally published September 22, 2004. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.

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About the author

Luke Landes, also known as Flexo, is the founder of Consumerism Commentary. He has been blogging and writing for the internet since 1995 and has been building online communities since 1991. Find out more about him and follow Luke Landes on Twitter. View all articles by .

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