All posts by 1MansMoney

I am a guy pushing 40 that is married to a beautiful woman in her 30's. If I can only have as much luck with our finances.

Frequent Flyer Miles

I have been traveling for business for 6 years. It took me 5 years to finally bother to sign up for frequent fly miles, even though I have had plenty of co-workers and friends recommend it. I felt like I didn’t want to have to arrange my schedule to fly with a certain airline. That was very, very dumb.In the last 12 months, I have accumulated 31,368 miles on Delta SkyMiles and 11,316 on American Airlines Aadvantage. .. . for doing nothing more than enrolling and entering my account number when Read more [...]

Short Term Financial Goals

Below are some of our short term financial goals (1-5 years). I have checked off the items we have completed. a Pay off 401K loana Pay off credit card debt with rate interest over 0%a Save up 2 weeks worth of vacation (in case of job loss / unable to work)Pay off 0% interest rate credit card debt Open and fully fund Roth IRA for wife Open and fully fund Roth IRA for husband Sell Car 1 Pay off Car 2 10% (of gross income) contribution to 401(k) Build emergency fund to $12,000 We’ll be selling Car Read more [...]

March 2007 Income Statement

We had a great net worth increase in March, but did a poor job staying within our budget. We were sadly over budget $775.68 in March (click on spreadsheet below).A lot of non-monthly bills hit in March, such as both cars needing servicing, buying a baby shower gift, enrolling wife in new insurance program, and a mini vacation. That's not a good excuse though because we also went over budget for some of our standard monthly bills.Time to take back some ground by coming in under budget next month!Stay Read more [...]

March 2007 Net Worth Update (+$6,462.28)

A lot of progress was made since our February 2007 Net Worth update. We have a positive net worth! Thank God! It’s a great feeling to finally have a positive net worth, even if it is only $3,293.43.I can’t believe we were able to post a $6,462.28 change (click on spreadsheet below) to our net worth in one month. Over half of this increase was due to our Federal and State tax refunds ($2,044) and my wife receiving a $1,463 tuition reimbursement.Here are the highlights from March:Our 401(k) has Read more [...]

Business Travel

I am currently on a business trip and have been thinking about the money I save when I travel.I travel 6-7 times per year, usually for 1-3 weeks per trip. While it's hard work being on the road, there are perks. My company reimburses me for my travel costs (i.e. hotel, rental car, meals, etc.). I also use a 1-2% cash back credit card for all trip costs that helps put a few extra dollars directly into my pocket. In addition, my American Airlines Aadvantage and Delta SkyMiles frequent flyer accounts Read more [...]

Cable/Internet Savings

My wife cancelled our old Time Warner cable/internet plan and restarted our service to take advantage of a 2-year promotion they are running for digital cable. She was even able to coordinate it so that there was no interruption in service.We just received our first bill, only $72 compared to the $94/month we were paying previously. This represents an annual savings of $264 for us. With digital cable we get many additional channels including music channels and On Demand. Plus, Time Warner provided Read more [...]

Affordable Movie Rentals

There is nothing like relaxing on the couch with your girl, a cocktail, and a great movie to watch. At $4.95/movie for new releases, movie rental costs add up. We’ve thought about signing up for Netflix, but never liked the idea of having to wait for the next movie to arrive in the mail. Blockbuster Total Access solved that problem by offering low cost online movie rentals, and the ability to pick-up rentals at your local Blockbuster.We chose to go with the $14.99/month plan that allows us to have Read more [...]

Investing Plan

My wife and I have been putting investing on the backburner while we paid off some debt this past year. We feel that we’re in a position now to begin investing again.We currently have $12,242 invested aggressively in my 401(k), broken down as such:25% - JH Lifestyle Aggressive (1.15% expense ratio)25% - Pacific Rim Fund (1.72% expense ratio)25% - Real Est. Securities Fund (1.54% expense ratio)25% - Natural Resources Fund (1.51% expense ratio)We also have $700 in ADVENTRX Pharmaceuticals stock.We’re Read more [...]

Emergency Fund

We keep our emergency fund in a high yield (5.05% APY) Emigrant Direct savings account. We currently have a whopping $1,541 in the account; our goal is $12,000.Most financially savvy people recommend having enough money in your emergency fund to cover 3-6 months of total expenses. I personally do not want to tie up that much money in a savings account. I’d rather pay down debt or invest the money. Our goal of a $12,000 emergency fund represents 2 months of total expenses for us. If we have an emergency Read more [...]

Windfall

Great news! We just found out my wife is going to receive a $1,463 tuition refund. She had to take out a student loan when we got married because our combined income meant she no longer qualified for enough financial aid. As it turns out, the information the university had on file for her cost of living was too low. Thus, she's getting part of the tuition refunded.Between this refund and our tax returns, we’re looking at roughly $3,500 in extra income this month. This money will be used to pay Read more [...]