Monday Money Musings
My finances have been kind of boring lately, so I haven’t had much to say. Here are a few financial things on my mind today:
I increased my allotments to 30% of my after tax income. This will ensure that I meet all of my savings/investment goals for the year. My paycheck is a little smaller now so it will take some time to adjust.
Babygirl officially has her own checking account that she is responsible for managing – without restriction. No more prepaid Visa with parental controls. She’s all grow-ed up now!
My tenant’s lease is up in September and I sent them the renewal notice this month. If they don’t renew their lease, I’m hiring an agent to put the house on the market. I don’t want it anymore and I’ll sell it at a loss if necessary.
See, that is all.
Anything financial related weighing on your mind today?
This blog is a personal account of my journey to become Healthy & Wealthy. If you like what you've read, feel free to subscribe via (feed reader) or (email) to follow along.
4 comments:
Write a comment:
Want an image next to your comment? Get your Gravatar here!
Have you read the Fabulous Financials comment policy lately?
Lately, I have been thinking about retirement planning. We are now within 15-18 years of our planned retirement date and I want to make sure that as we go into our 40s we are appropriately allocated,etc. for the next set of years.
I have also been thinking about increasing my cash holdings and my charitable contributions.
To coin a phrase: “That is all.”
[Reply]
I was just thinking this morning that I need to increase my 401K contributions to the maximum. I decreased it to the max to be matched when I moved here until I could get a feel for my expenses here. I’m getting a raise-lite and a bonus-lite next month so its time for me to get back to my vigorous retirement planning.
[Reply]
How are you going to cover the loss?
Will you get the bank to agree to a short sale, or are you intending to make up the difference out of your own funds?
Don’t know yet, need to hire a professional to advise me. [-SM]
[Reply]
I know you are sick of the rental property but I wouldn’t sell it right now. I’m not sure if you are using a property management company to manage the property for you or not. If not, I would go that route instead of selling and taking a loss. This way, it is hands off for you and the property management company handles all the dirty details.
This will give the market a little more time to recover and you won’t have to take a loss on selling the property.
Just my 2 cents….
[Reply]