It's been awhile since I last updated in August. I am still updating my sidebar. I have maxed my 401 (k) contributions for the year.
I also rebalanced by portfolio. I do this twice a year (March and September). The theory is that I sell my winning sectors and asset class and purchase my under performing sectors. So in March, I reweighted my portfolio where I sold some bond funds and bought stock funds. In September, I sold some of the stock funds and bought some bond funds.
The easy way to achieve this is to buy a target fund that is close to the allocation you want.
I now used to my higher mortgage payments. It's nice to see over $1,300 going to mortgage as oppose to less then $500. I can see the balance going down and can envision it being paid off.
In February, I was asked (as well as all the consultants) to reduce my billable hours. It was a 20% decrease and I opted to take Mondays off. I was still living below my paycheck, but I knew that the larger financial goals were not going to be tackled. So, I have been generally in a holding pattern, taking a break, and enjoying the family.
Two weeks ago, we received word that we could go back to charging our normal hours. I actually increase my hours by 37%. So that coupled with the 401 (k) deductions being maxed, I have received a little boost in income.
Needless to say, it will all be going to furniture this month. But no new debt.
Also with this, I have found a new fire to start reviewing my other financial goals and start attacking them.
Goals Review - September
October 6th, 2009 at 01:47 pm
October 6th, 2009 at 01:52 pm 1254837153
October 6th, 2009 at 02:09 pm 1254838196
Take care
October 6th, 2009 at 03:13 pm 1254842029
October 6th, 2009 at 03:38 pm 1254843482
You are doing really well on your goals even in spite of the recent cut back in hours you had. Focused attention can pay off.
Keep us updated, as I for one always found your thoughts over on the forums to be insightful and often times refreshing by being a somewhat different take than I might come up with on my own. Hence, educational!
October 6th, 2009 at 04:44 pm 1254847441
PS You still need to upate your "About Me" section! That's way outdated.
October 6th, 2009 at 05:26 pm 1254850001