Getting my financial house in order, Part II
Reading other people's personal finance blogs has been part boon and part bust for me. On the one hand, given my personal set of circumstances, I am not doing too badly in the Great Financial Game Show of Life. On the other hand, I also think that I realize that I don't make nearly enough money to ever live a comfortable retirement.
The Pros:
The Cons:
The Conclusions:
I am not doing too bad, all things considered, but there is room for improvement. I spent the better part of the weekend installing Microsoft Money on my computer and importing and recording data. Hopefully, this will help me to identify accounts that need to be merged and/or closed, and target buget areas that could be trimmed or eliminated.
I don't want to leave my current job (I have expressed that sentiment to those that matter numerous times now) for two reasons. First and foremost, I like what I do and the people with whom I work. I also like living here. As there are no other four year universities in my area, there are limited job opportunities, within my field, in this town. So, I just need to come up with a way to make a few more dollars on the side. I have tried selling stuff on eBay, but that is tough with my travel schedule. I have worked a few days as an indepent contractor for a friend who can provide me with a little bit of occasional high-dollar income. If I can pick up about 10 or so of those days, then maybe this workable?
Not that this will generate a whole lot of income, but I have started a few new savings techniques. In addition to the ING account, I have opened checking and savings accounts with Bank of America, and I plan on participating in their "Keep the Change" program. They offer a match of everything you contribute to your savings account through this plan for the first three months you are enrolled. After the first three months, they will still match 5% of your contributions, up to $250/year.
I also discovered this little gem: Of course, that blog references yet another article, so I will spare you the linking and the linking and the linking again -- but, the idea that I liked and have begun to employ is saving all of my $5 bills. I don't get too many of them to make a serious dent in my cash budget, and it seems like something that I can stick to.
The battle rages on.
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