Home > Goals Review - September

Goals Review - September

October 6th, 2009 at 01:47 pm

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.

6 Responses to “Goals Review - September”

  1. creditcardfree Says:

    Congrats on the increased income and maxed out 401K!

  2. miz pat Says:

    Congrats on such good planning. Of course, my brain sort of blew up half way through there, which is a good sign that you are way smart.

    Take care

  3. monkeymama Says:

    Very wise - to hit your goals while the pay is good! Glad to hear an update, and congrats on the more work.

  4. LuxLiving Says:

    More billable hours are great!

    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!

  5. ceejay74 Says:

    You're doing really amazingly! I definitely think cashflowing some new furniture is an appropriate move now.

    PS You still need to upate your "About Me" section! That's way outdated. Smile

  6. Petunia Says:

    Good to hear from you! Sounds like you're doing well, despite the cutbacks. Enjoy your new furniture. Smile

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