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.
I just received a subscription renewal notice from Surfer Magazine. Surfing is one of my passions. Living 3 miles from the beach allows me to indulge in my obsession multiple times per week (when there are decent waves).I have subscribed to Surfer Magazine for years and have always enjoyed the content. That being said, I was preparing to send in my check for $37.97 (2 year subscription) when I decided to stop and think about my decision.Lately, I’ve been doing most of my reading online (cheap, Read more [...]

What A Difference A Couple Of Years Make

Over the weekend, I was looking at an old copy of our financial spreadsheet from 2 years ago. It brought me back to a time of financial struggle and uncertainty.At the time, we were renting an apartment, in a lot of debt (my fault), and had little in the way of assets. Comparing the numbers from 2005 with 2007 reminds me how greatly we have been blessed. Here is a brief breakdown of where we were financially in August 2005 and were we are today:August 2005Liquid Assets$5,157.00 401(k)$1,547.00 Cash Read more [...]

The Cost Of Not Flossing Enough

During my visit to the dentist six months ago, I was informed that I needed to floss more because my gums were in bad shape, and might require special deep cleaning. The dental hygienist told me it can cost ~$1,000 to have the deep cleaning performed. Needless to say, I was scared into submission. Since that visit, I have been flossing every other day or so. I visited the dentist again last week and was told that my flossing had paid off in all but one area, the upper left-hand side of my mouth. Read more [...]

Additional Contribution to Wife’s Roth IRA

With the market down, my wife suggested that now would be a good time to do another contribution to her Roth IRA, which is invested in the Vanguard 500 Index Fund.She opened her Roth IRA back on May 8, 2007 by purchasing $3,000 of Vanguard 500 Index Fund at $139.02/share. It is now trading at $132.16/share. With $1,000 left to fully fund her Roth IRA for the year, we decided to invest another $500 this month. We will likely invest the final $500 in her Roth IRA next month to get her to the $4,000 Read more [...]

July 2007 Income Statement

July was a strong income month with my wife earning an additional $1,674.68 above her normal pay/auto allowance. We were also able to keep our expenses within reason compared to previous months (click spreadsheet below).We only went over budget $650, and if you subtract out the $630.44 we spent on business clothing for my wife’s new job, we would have hit our budget mark. It’s encouraging to know our budget is realistic and doable. Although, with a couple of large expenses forecasted for August, Read more [...]

July 2007 Net Worth Update (+$2,039.64)

July was our lightest net worth increase month yet. Our net worth increased $2,039.64 over last month, to a new total of $15,062.84 (click spreadsheet below).Still, we had a better month than I expected, primarily because a $1,000 business expense has not posted yet . Here are the highlights from July: In an effort to sock away a bit more money, we increased my 401(k) contribution from 2% to 3%. My wife received an additional $1,674.68 in income in July that greatly helped boost our savings account Read more [...]