It’s been a while since I updated my NW, but thought it was about time…and with the recent market crash I’m a bit curious to see what what my personal bigger picture is now.

The below numbers are a comparison of mid-Oct08 to May08 (not posted) numbers:

Asset growth = - 4.46%
Debt reduction = 6.09%
Overall Goal = 59.8%

Asset growth is actually not bad considering the market lately.
Debt reduction is a result of paying off my car (hooray) and greatly reducing a personal loan.
I suspect now with the nasty market situation, my Overall Goal may take a little longer to reach.
However I expect that by next summer, my cost of living will be going dramatically down while I continue with my current income, and that should put my savings on a faster track.

Tags: goals, Life, Life, Money, net worth

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What happen to April?!
I’m skipping April’s Net Worth post for a few reasons, mainly though because I’m making a major purchase that will change my financial picture. While that is in the works any snapshot of my money will be misleading and inaccurate.

I’ll wait until the first week of May, once the financial dust settles.

Meanwhile, in April, just after I sent in my Federal Tax Return, I realized I had forgotten a very small W-2. Very annoying, but it had to be corrected. I dreaded doing my first ever tax amendment - it sounded intimidating. But using Turbo Tax online it was pretty straight forward and simple.

Tags: goals, Life, Money, net worth

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• NW - Oct 08
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Hooray! I’m done.

With my self-imposed deadline of March 31st approaching fast, I dedicated all day Sunday to completing my taxes that were started over a month ago. After dallying the morning away - I realized that I had to get going…then I put it off for another hour or so before I got busy. Time flew by, but I got it done.

First, I have to say we have some seriously whacked tax rules!
Second, I loved having my hybrid car purchase tax credit. It even has its own form: Form 8910 “Alternative Motor Vehicle Credit”.
[Read more →]

Tags: car, goals, Life, Money

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