Monday, January 12, 2009

December recap/January goals

Net worth updated (see sidebar). Ouch, ouch, ouch. My total retirement account balance continues to rise, inexplicably—but it’s only in one account, my current job’s 401k. My rollover IRA from my previous job is now worth about half of what I put into it. I need to figure out what’s going on—am I just contributing more than I’m losing in my current 401k? Did I get some incredibly lucky allocation, so that I’m investing in the, like, two stocks that are currently rising? (And if it’s the second, can I apply it to my IRA to quit watching that balance dwindle?!)

The new net worth does not take into account the nearly $4,000 reimbursement I am expecting from my health care flex spending account for Lasik, nor the ~$5,000 in student loans that will be disbursed to me sometime this month for the Spring 09 semester.

January goals
1. Start getting tax stuff together. I haven’t received any tax paperwork yet, but I am getting a little antsy about filing my taxes and my FAFSA (I like to do both before Valentine’s Day). What I can start doing is matching receipts to expenses so I know how much I spent on my side businesses. That’s the time-consuming part anyway.

2. Figure out 2008 total spending. I lost a month’s worth of data during a Palm crash, but I can still estimate pretty accurately. I haven’t ever done a “where my money went last year” post, and I’m curious. I’ve been tracking my spending for years but I don’t think I’ve ever done this kind of analysis.

3. Make dentist and doctor appointments and file appropriate reimbursement paperwork. Perhaps I’ll do a “spap” day, as a friend of mine does—dentist and all doctor visits in one day, followed by a massage and mani/pedi. Or maybe I’ll just space them out over a few weeks—I’d be nervous that a wait in one office might make me rushed and cranky the rest of the day.

4. Develop a new budget once I receive my January paychecks. I guess this could rightly be a February goal, but I will try to do it on January 31.

5. Evaluate the allocations of my rollover IRA and current 401k to figure out why one is making money while the other is losing. Re-allocate if possible.

December recap
1. Finish Christmas shopping by 12/15. I did it! I think I’m going to try to do Christmas shopping throughout the year this year as I see things on sale, but I don’t know if I’m going to be quite that organized.

2. Bring lunch to work every day. I am pretty sure I achieved this goal. It was a fairly short month work-wise, since I took so much time off in addition to company holidays.

3. Rejigger my budget. I didn’t do this, since I realized I’ll have to do it again in January.

4. Look into a CD ladder. I didn’t do this, either, but I have no good excuse for it.

5. Get things done and try to stay sane. Accomplished! I got pretty good grades on all the school-related projects, and I didn’t get sick from being so rushed. Great all around! I’m still reeling from the sheer amount of busyness, so I’m trying to learn a lesson and not schedule myself quite so much this month. Last weekend was the first “normal” weekend Peanut and I have had for weeks (and I still had a rehearsal) and we really enjoyed just lounging around and spending time together, baking, playing video games, watching movies. I want more of that kind of time, only with a yoga session thrown in.

3 comments:

  1. Re: #3 of January goals: I did a full day of doc/dentist appts of all sorts, from 9am-3pm and was completely exhausted but it was well worth it.

    It did help that the worst wait was for the dentist to get on with it, everything else went surprisingly smoothly.

    Good luck with all the budgetary goals!

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  2. I've never done a "look what I spent this year" post either.

    That's on my list for end of 2009/2010.

    And as for the palm data :( Ooo.. sucks. I back up my palm every 2 weeks...

    Fabulously Broke in the City
    Just a girl trying to find a balance between being a Shopaholic and a Saver...

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  3. Thanks, Revanche!

    @FB, Oh yes--I have a backup program now that backs up automatically every time I sync and also every week. It only takes the one time to learn!

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Thanks for commenting!