Tuesday, July 1, 2008

2008 Q2 Financial Update

Assets
Value
Vs. Last Quarter
Change
Cash Savings
$20,353
$17,700
$2,653
Brokerage
$4,433
$4,054
$379
401k
(Prev Company)
$1,560
$1,595.12
($35.12)
401k
(Current Company)
$5,174
$4,457.42
$716.58
Car
(KBB Trade-in)
$20,600
$22,400
($1,800)
Total Assets
$52,120
$50,206.54
$1,913.46
Liabilities



Credit Card
$0
$6,000 (Car debt)
($6,000)
Total Liabilities
$0
$6,000 (Car debt)($6,000)
Net Worth
$52,120
$44,206.54
$7,913.46



I got $5,774.80 from ESPP in April and finished paying off the $6,000 car debt to be debt free. Just spent $2,211.20 last month for a vacation in Asia during the end of August. I have earned about $2600 in net cash in the past 3 months. Including the money for Asia, it would have been about $4800. Trying to save around $1800 a month for 3 months would have been $5400. So I was off by $600. I think realistically, I should try to start saving $1600 a month (assuming theres only 2 paychecks and not 3). My new realistic goal is $800 per paycheck, which should be very possible. I need to stop spending money on golf! So bottom line: SAVE $4800 PER QUARTER.

Stretch for $5000 per quarter!

Q3 Goal:
Cash Savings: $25,153
Q4 Goal:
Cash Savings: $29,953

1 comments:

Julie said...

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