Here’s how I’ve been doing this past month in saving money. I’m not including my new student loan in this because I should be reimbursed for my classes from my company as I finish them. However, I plan on using the reimbursement to pay off my earlier student loan with a higher interest rate first, even though it is in deferrment while I get my MBA.
|October 12||September 12|
|Cash Accounts:||$ 10,920||$ 11,417|
|Taxable Investments:||$ 2,860||$ 2,795|
|401k (Pre-Tax):||$ 7,259||$ 6,846|
|Roth IRA:||$ 754||$ 485|
|Credit Cards:||($ 1,747)||($ 2,816)|
|Student Loan 3.97%:||($ 3,562)||($ 3,714)|
|Home Inventory:||$ 7,659||$ 7,659|
|TOTAL||$ 24,143||$ 22,672|
I’m still not saving as much as I’d like, and on top of that, it looks like I’m going to need to buy a car. I don’t know whether I should buy something just off a lease and reliable enough to last ten years, costing me what I currently have in my cash accounts plus some, or save the money now and just get something older that will need more work to keep for another ten years.