Sunday, April 08, 2007


My Completed NCN Chart and Thank You

I borrowed this from NCN, cuz I'm so proud of it and want to show it off!!! I also want to give a huge thanks to NCN for all the time and effort he puts into No Credit Needed, both his personal blog and the NCN Network blog. And lastly, I must admit that his new NCN which stands for No Calories Needed has also inspired me to finally do something about my weight, which I'm happy to say has dropped 16 pounds since January 24!

So here's to you NCN:


April Net Worth and New Goals

Well April is the first net worth that reflects no debt and it is actually a bit of a let down. I had it in my head that the graph would just sproing straight upwards. And of course it didn't. Well now the task is to make sure that it increases every month. I'm working on a bunch of new goals and they are all savings related:

$10k emergency fund
$3k unplanned but not emergencies fund
$4k annually to fully fund roth ira
$50-$80k for a house down payment (this is super aggressive and will be the hardest to achieve.)

I haven't worked out the numbers yet, but I am estimating that being debt free will give me at least $1k/month to put towards my goals. And I must remember that slow and steady wins the race.

I'm also looking into getting another retirement fund, one of those targeted retirement funds to supplement my ira income when and if I'm ever able to retire.

If you are in your 20's and reading this, I cannot stress enough the importance of planning for retirement as soon as you can. I'm just really starting to focus now at age 38 and when I think about all the money that I could have already put away and didn't.....argh!!!