Cash and Cash Equivalent
Between a few more days of expenditures and a delightful winery tour, I spent a little more than in February.
Eh. I'm buying on sale. I have many years left. I refuse to worry about minor downticks.
I am trying to decide if I'm going to take my mutual fund out earlier than planned (I haven't contributed anything to it for years, and was going to send it to the condo fund when ready to buy; I'm trying to decide if I'd be worse off risking further downturns in the market or paying capital gains without the mortgage interest deduction to offset it).
I didn't make the same progress as in February, but I'm spending much less on interest payments. So yay.
Still paying every two weeks. Still keeping my balances low. That said, Chase finally increased my credit limit, so I'll have room to put a few more recurring bills on my card and still stay under my personal "10 percent of limit" threshold. Hopefully this will mean faster rewards.
The Month Ahead
My cousin's wedding is near the end of the month, but I should be able to cover everything out of my trip fund. (I already paid for my dress and plane ticket.) Since I exclude my trip fund from my net worth (if I tell myself those funds aren't fungible, then I have to use them for fun), this should pass by with nothing but good memories.
2008 Goals Update
My goals were as follows:
1. Reach a positive net worth. Since I'm 48% of the way there already, I think I can safely say that I'm on track. Windfalls are helpful.
2. Continue to pursue homeownership. I've talked to a realtor and we agree that early winter 2009 seems like a reasonable time to start looking. With that in mind, I set up a 10-month lease (for the same monthly rate as a 12!) to end next April 1. If I feel confident next February, then I can give notice or go month-to-month. If I feel less confident, I can renew at a longer term.
I do still need to call my friend's fiance back, as he's a mortgage broker and can give me a sense of my options. I will do that next week. So I'll rate this a pass.
3. Push my emergency fund up to 3 months' worth of expenses. I've recalculated my base expenses given my rent increase and my lower insurance premiums. At my current contribution levels, I should definitely manage this by December, and possibly by November.
On track for three out of three. Not too shabby.