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First update in a year

August 30th, 2011 at 05:41 pm

I've decided to do an assessment of my overall goals. I have not picked up any new debt but the "wealth accumulation" phase is moving much, much slower than I anticipated. The interesting thing is that in the past year, I've received a promotion and a couple of raises that total $21,000! That's great news, right? So what the heck is going on?

I'm not sure. I haven't really loosened my belt that much. I am now finally maxing out my 403(b) and my Roth as well as continuing to build my EF. I don't eat out any more or shop any more than I used to. Yet the money is still slipping through my fingers, more than it should. I have some work to do. It just goes to show that it is always a work in progress even when you think you've got it all figured out.

2 Responses to “First update in a year”

  1. snafu Says:

    When $$$ is slipping through fingers, it's a sure bet you need a better tracking system. Paperless is an efficient app if you're willing to input every $ spent. Writing it in a small 3" x 3" notebook works just as well.

    Give yourself a cash allowance for misc. buys, when the money's gone, the spending stops. Start with weekly sum if you prefer.

  2. Jerry Says:

    That's a common occurrence. Just like time leads to expansion to fill a deadline, expenses lead to expansion to fit a raise. I have been there myself. Hey, all we need is the insurance of a revamped budget, and we can be right back on track! Good luck to you...
    Jerry

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