Monday, January 5, 2009

2008 Q4 Financial Update


Assets
Value
Vs. Last Quarter
Change
Cash Savings
$27,506
$21,000$6,506
Brokerage
$5,672
$3,000$2,672
401k
(Prev Company)
$1,198
$1,417($219)
401k
(Current Company)
$5,776
$5,552$224
Car
(KBB Trade-in)
$18,075
$20,350($2,275)
Total Assets
$58,227
$51,319$6,908
Liabilities



Credit Card
$0


Total Liabilities
$0


Net Worth
$58,227$51,319$6,908

Without car value:
Net Worth$40,152
$30,969
$9,183



for KBB value, I do trade-in and "Good" condition, even tho the car is in excellent.
I want to start keeping track of Net Worth without the car value to evaluate my budget more efficiently, since I have no control of the depreciation of my car.

my previous post stated my goal of, "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."

This is still my goal. I am going to try to keep track biweekly to micromanage it a little more efficiently. I will be saving $800 every 2 weeks as mentioned before.

ESPP
earned me $6100, so excluding that, I saved ~$3100. $1700 short of what I had wanted. I have been buying multiple flights to see my gf in Norcal. Applied for business school and paid a $500 on ASU W.P. Carey School of Business. $250 on the GMATs. $350+ on Application fees and transcripts. Christmas presents...etc etc. This quarter was costy.

2009 Q1 CASH GOAL: $27,506 + $4800 = $32,306

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