6 month check up :)
June 4th, 2007 at 05:04 amI’ve been trolling around the forums for 6 months without a hitch. I think its time for a follow up on my financials so here goes.
The past 6 months have been going well for my. Work has treated me well and I have steadily increased my 401k contribution. I’m now on track to hit the 15k limit for the nov/dec time frame. As I near the end of the year I will have to recalculate the optimal % to contribute to allow me to receive a match for the last 2 months of the year. I have been doing well saving for my Roth IRA. I will be ready to make a lump sum contribution at the beginning of July into my IRA account. All retirement accounts have been doing well thus far. I haven’t moved money around as much as I did last year although I do keep an eye on my accounts every month or so.
I have to confess that I did take a big plunge and purchased a lot of digital camera gear at the beginning of this year. I took from my rainy day funds which is a big no no but I have been repaying myself here and I am almost all paid back. On the up side, I have taken on a side photography job. At my current rate I will have paid of half my camera equipment by the end of the year assuming I don't purchase anything else.
I’ve been toying with the idea of purchasing a home. My financials have been quite stable over the last two years. I have a high credit score, 78x. I have near zero debt aside from my monthly expenses which are on my credit card, paid off in full at the end of each month. Right now they say the housing market is a buyers market so it might be a good investment vehicle for me to purchase a small home and maybe rent it out since my housing situation is quite nice as it stands. I think my goal is to learn about rental properties and see if it is feasible for me to pursue, this will be my goal for the next 6 months.
As of today:
401k tracking to hit 15k by December
4k into Roth IRA in July
1 month of reserves and counting