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About Me

September 1 Check In

September 1 Check In

When I disappear like this you know that it’s for work. I can’t miss my check-in though so here goes.

August 1, 2010
Student Loan #1 $843.89 @2.47%
Credit Card #1 $1,193.20 @13.99%
Credit Card #2 $2,633.44 @14.24%
HELOC $42,332.66 @3.125%
Student Loan #2 $37,747.21 @3.3-7.5%
The bed $849.00 @0%
Personal Loan $0
Car Note $0
Total: $85,599.40

Emergency Savings: $1,152.02
Emergency Savings Goal: $3,000

September 1, 2010
Student Loan #1 $695.31 @2.47%
Credit Card #1 $938.73 @13.99%
Credit Card #2 $0 @14.24%
Credit Card #3 $3,221.59 @0%
HELOC $41,974.38 @3.125%
Student Loan #2 $37,678.40 @3.3-7.5%
The bed $699.00 @0%
Personal Loan $0
Car Note $0
Total: $85,207.41

Emergency Savings: $963.20
Emergency Savings Goal: $1,500

Let’s review my internet income.

Internet Income in August
Google Adsense $2.23
Sponsored Tweets $0.52
Commission Junction $0
Cash Crate $0.25
eHow $0.53
Total: $3.53

Whopping difference in income from last month. I had no time to work at it so all of the income earned was truly passive. I did nothing. 🙂 A couple of things are different this month. The first thing that you will notice is that I added another credit card. I couldn’t pass up the opportunity to have 0% interest for the next few months, so I transferred my balance over. I also added some money to the balance because I had to purchase 4, count ’em, 4 new dang tires. All I can say is that construction is bad for rubbers, and winter is coming anyway. Between the cost of tires and installation I paid $500. You’re thinking that I should have used my emergency funds, but I also had to pay taxes for the investment property that I purchased so I used some money from that. That’s the reason for the drop in my savings.

I am tempted to use the balance of my emergency savings to pay off credit card #1, but I won’t do it. I need to maintain at least $1,000 in the emergency account. I’d really feel better at $1,500 but what can I do?

I need to step up my online earnings. I should have more time in September to refocus and get things done. I want to end the year with a decent number. I really need to eliminate one of those credit balances to keep my motivation going. Wish me well.

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