July 2009 Monthly Totals
Posted on August 2, 2009
Filed Under monthly totals | 1 Comment
debts
Brighter Planet Personal Visa – $0
ShoreBank Business Visa – $3,122.62
assets
ING Direct personal checking + $309.56
local bank personal checking + $1,334.57
cash + $85.00
Smarty Pig emergency savings + $1,045.00
ING Direct emergency savings + $1,010.81
transportation savings + $35.24
work pension fund + $3,600.03
business checking + $169.72
business PayPal + $131.73
business savings + $137.92
total assets $7,859.58 – debt $3,122.62 = $4,736.96 TOTAL
I opened up a Smarty Pig savings account in July for my primary emergency fund, since the interest rate is considerably higher than ING Direct’s current rate. (2.75% at Smarty Pig versus 1.40% at ING) I’m still keeping an emergency fund at ING as well, which will be for more short-term emergencies since that money can be moved instantly back to my checking account if necessary. I made the Smarty Pig emergency fund goal $10,000. The idea is to grow that fund as more of a cash cushion for when I get to the point of going full-time with my own business.
I also started a transportation savings fund, as I’ve been having car issues lately and I’ve still been toying with the idea of getting a scooter, which would be much more convenient for getting to work than what I currently do. (Drive across town, past where I actually work to my parking spot and then walk about 10 blocks back to work.) I’m going to try to keep the car for as long as possible, but I think having a scooter for my daily commute would help minimize wear and tear on the car.
Work has been kind of a drag lately. I finally got my promotion/permanent position status but it doesn’t mean extra money because of all the budget cutbacks. Some of my co-workers recently pointed out that everyone’s salary is available for view on the local newspaper’s website, since we’re state employees and it’s public record. That was absolutely depressing, as one of my co-workers who is a complete idiot and whose mistakes I’m constantly having to correct apparently makes about $6,000 a year more than me. It’s total bullshit… even though I’m only now a “permanent employee”, I’ve been at my workplace for over five years now as either an intern, part-time or full-time employee. Other than our department head, I’ve been there longer than anyone in our department since we’ve had such high turnover the last few years. People are constantly asking me questions. Many people who are paid more than me. And because of all of this budget crap it’s not like I can really ask for a raise because I know it’s impossible. It just makes me more determined than ever to get my own business totally off the ground. I want to be in charge of my own destiny and not have to babysit people who are paid more than me. (And who have even had more education than me! A master’s degree apparently doesn’t count for much judging by some of my co-workers.)
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One Response to “July 2009 Monthly Totals”
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Your post made interesting reading. It is nice to see your systematic listing of all totals in a meticulous manner. It sure takes a lot of discipline and determination to reach one’s goal. Hoping to start one’s own business is a praise-worthy goal to shoot for. We run a global sustainability directory called Climatarians where you can find like-minded people.