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1 year anniversary

September 27th, 2009 at 05:18 pm

Well, my 1 year and 1 week anniversary since I've moved to California!

Wow time does fly.

What have I accomplished in that one year span? Plenty.

I landed myself a full-time permanent position. I am no longer a temp, yay! My savings really took a hit over the year for not having work from Oct 08-Nov-08 and then have to take a leave of absent in April-June after my dad past away to go back to Virginia to help my family out. I've been back in the full swing of thing work wise since the beginning of July and has able to slowly but surely build my savings back up again.

I consolidated my student loan of $12800 from a variable rate to a fixed rate of around 3% and having a monthly payment of $97 from my previous $160. I could afford the $160 from before, and so with that I am still throwing $160 at my loan to pay it down faster. And as far as the rest of my debt, I have none. Yup, that is right I have none. The little credit card debt that I did accumulate from not working in April-June I was able to pay off when I started working again.

Also since last year I have created 4 new savings categories. Well more like the envelope system. It's really working out for me and I'm able to see exactly where all my money is going.

Categories
Dad Fund - I am setting aside $20-25 each paycheck (I get paid once a week) to donate a charity/organization in memory of my dad. I will be actually cutting the check on the anniversary of his death in April. So far, I have set aside $160.

B-day/Gift Fund - where I can set aside maybe $10-15 each week so that I'm not using my Credit card to pay for Christmas or Birthday gifts. $50 so far

Travel Fund - where I can set aside money for my airfares and just basically saving up future vacations about $100 so far.

Cell Phone Fund - this is not really a savings more like the balance should equal zero each month. I calculate how my paychecks I have before my cell phone bill is due (it's the same each month for the most part) and just divide it by the amount. This way I don't have to worry about having to come up with the money on my last paycheck before the bill is due.

But a quick overview of the financials. (rough estimates because I don't have my spreadsheet on this desktop)

Savings #1 - $9000 (definitely took a hit)
Savings #2 - $2900 (this one doubled since last year since it's the savings account attached to my checking account)
Savings #3 - $500 (ouch too)

Roth IRA - this year I've only contributed $500 so far for 2009. Trying to get this up as much as I can before its time to start contributing for 2010.

Student loan $12,700.
Credit Card - $0.00


So yeah that's pretty much sums up my 1 year in California. I'm excited to finally be back into the full swing of savings, budgeting and of course dreaming.

I'm going to try to update and blog more often. So until next time!

1 Responses to “1 year anniversary”

  1. homebody Says:

    Happy Anniversary! You have done a great job in a year, especially landing and maintaining a job in California!

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