Cash Back Credit Cards

My wife and I pay most of our monthly bills using our Citi Dividend Platinum Select MasterCard cash back credit card. We pay for our groceries, gas, cable/internet, gifts, etc. using the card. We have also arranged to have my Wife's medical insurance bill, my cell phone bill, and our Blockbuster Total Access bill automatically charged to the card each month. There are only a few things that we can't charge to the cash back card such as our mortgages, HOA dues, and auto loans.We have been averaging Read more [...]

Hard Math

I rarely eat fast food anymore, but got the urge to indulge in a value meal.My bill total came to $7.42, for which I paid with a ten dollar bill and two pennies. I received a funny look for handing over the two pennies. I guess I shouldn't have been surprised to received $2.56 as my change.Go figure. Read more [...]

Just Got A Ticket

I was wondering what I should post about today and, after leaving the office, I got my answer.Down the street from my office I noticed a number of police offices standing at a stop sign. I fastened my seatbelt before reaching them, but was still flagged to the side of the road by one of the officers. He said I was a little too late with the seatbelt and that I was receiving a seatbelt ticket.I tried to get some sympathy, but the officer said they were out there on their day off giving out seatbelt Read more [...]

Good Net Worth Progress

We have made good, consistent progress on our net worth and should reach a net worth milestone of $10,000 next month. In fact, if all goes as planned, our net worth in June will be roughly $11,000, half way to our 2007 goal of $22,000.

As we pay off debt and increase our investments, I’m beginning to feel how getting your money to work for you is a powerful thing. I’m sure there will be hiccups along the way but so far, we’re right on track.

Paying Off Our Chase Credit Card

My wife and I get paid every two weeks, therefore, there are two months of the year that we both receive three checks. Next month is one of those months for my wife. We have decided to use her extra check, $1,161.67, to pay off our Chase credit card. Mathematically, this is not the right move since the card is 0% interest until March 2009. We’d be better off depositing the money into our Emigrant Direct account earning 5.05% APY and stretching the Chase credit card payments out to take advantage Read more [...]

Pride of Ownership

I don’t want to put words in her mouth, but I think my wife is now as obsessed with watching our investments as I am.One of the first things I do each morning is to check the status of our investments. Not to react to the ups and downs of the market, just because I enjoy seeing how things are going.While my wife has been very interested and active with our investments, she hasn’t been as OCD as am I in terms of checking them daily. At least, not until recently. . .She just opened a Roth IRA account Read more [...]

Going Out Is Expensive

We went out for a friend’s birthday on Saturday and ended up spending about $120.00. Back in my younger days, that might not seem like a lot of money for a night on the town, but now, it shocks me a bit.We met up with our group of friends at 2:00pm and stayed out until 11:00pm. We got an early start because it was Cinco de Mayo, and we knew the bars would be packed. Sure enough, there was already a good crowd on hand at 2:00pm. I originally thought we’d be going home around 7:00pm, but we were Read more [...]

Opened Roth IRA For Wife

We opened a Roth IRA for my wife this weekend, selecting the Vanguard 500 Index Fund as her investment. The Vanguard 500 Index Fund is the largest mutual fund in the world and attempts to attempt to mirror the S&P 500.The fund has an initial minimum investment of $3,000; additional investments are $100. We plan to fully fund her Roth IRA ($4,000 in 2007) , as well as open and fully fund a Roth IRA for me. Read more [...]

Good Prospective Car Buyer – Follow-up

As a follow-up to my Good Prospective Car Buyer post, the lady ended up calling me to cancel the appointment because she bought a Mercedes.I was very disappointed at first, since she seemed so interested and needed a new car (her’s was totaled in an accident). I even began looking for a possible replacement vehicle online.My car runs and looks great, so this really isn’t a bit deal. I was just disappointed because I was already planning how we should invest the extra $150-$200 that we would be Read more [...]

Our path to financial independence and retiring early.