April Goals and Networth
May 5th, 2008The IRS made April an excellent month for my net worth. Tax returns had substantial impact on my cash position and retirement accounts. Because I spent two weeks traveling on someone else’s dime, my out of pocket food / gas costs were minimized. This all resulted in a net-worth increase of $4,744! Seven more months of hard work and I should be in positive territory by the end of 2008.
I was able to fulfill two of the April Goals. I feel short with actual Roth contributions; but, I did increase my Roth savings account by $310.43. I consider this goal a wash, I now need to give the money to Vanguard.
May should continue the string of great months. My stimulus check will arrive around May 15th and will be split into the Roth and Emergency Fund. I also hope to do the following by the end of the month:
- Sell the Mountain Bike- I took pictures and priced similar bikes on eBay and Craigslist. It looks like I’ll get $125 for the frame and the wheel set, as the bike needs much more work than I realized. Whoever buys it will be getting a good deal.
- $650 in alternative income- This is the last month I’ll have massive tutoring income. With school finishing, AP exams, and regular exam schedules, my in person income will take a hit. I need to generate close to $200 through Tutor.com.
- $100 in groceries - A serious calf strain will keep me from running most of the month severely reduce my food consumption. This goal should be no problem.
- No more plants- I’ve gone overboard with my apartment balcony. It’s a jungle full of fruits/flowers and I’d spend my whole bank account on plants if I could. Time to reel it in.
- Track my expenses- The last two months, I’ve been rather lazy. No more!
May should be a most excellent month!
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