Monday Money Musings

13 July 2009, 8:43 UhrMoney ManagementSingle Ma4 comments

saving-money

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?

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    4 comments:

    1. nofearingthemoney, 13 July 2009, 11:48

      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.”

       
    2. Tazzee, 13 July 2009, 11:55

      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.

       
    3. Tom, 13 July 2009, 13:35

      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]

       
    4. Single Guy Money, 13 July 2009, 19:29

      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….