Thursday, December 4, 2008

Ouch, ouch, ouch

I just got around to updating my Networth IQ (see sidebar). Oh, wow....

My rollover IRA from my former job is now worth HALF of what I contributed to it four years ago. My current job's 401k inexplicably continues to increase each month slightly, but I suspect that's because I'm contributing only a little more than I'm losing. I have to just keep telling myself, "I have 40 years until retirement. I can afford to wait this out." Oy.

I have a really high balance (for me) on my credit card right now--just over $600, which is a few mystery shops and Christmas presents. I'll still pay off the entire balance this month.

My company announced layoffs yesterday--2% of the workforce. My job is safe (for now) but someone in my department was let go, so it does hit close to home. I'm re-evaluating, again, how to plan for next year. Where else can I cut expenses? Where can I bring in additional income? How long are things going to be like this?

2 comments:

  1. Layoffs are scary when they hit close to home... and they seem to be hitting close to a lot of people's homes so far!

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  2. ugh, my rollover is in the toilet as well...

    Let's keep assuring ourselves that retirement is still 40 years away!

    (p.s., I removed my post and am reposting because I wanted to post as my wordpress blog)

    ReplyDelete

Thanks for commenting!