New Year's Money Resolutions Update through June 2006

At the beginning of the year I committed to several money-related resolutions and promised to track my progress on Free Money Finance. So far, I've posted updates at the end of the following months:

• January 2006
• February 2006
• March 2006
• April 2006
• May 2006

This is my update for the month ending June 2006.

Since I have several resolutions, not every one will need action every month. However, I plan to mention each one every month just to remind myself and all of you what I'm planning to accomplish this year.

Let's get started. Here's my June update:

• Net Worth -- The S&P 500 was down 1.2% in June, which was not a great help to my net worth. However, I did make progress this month. My net worth was up 0.84% for the month. I'm now up 4.57% for the year and on track to be up 9.1% this year. Not a stellar performance, but at least I didn't go backwards.

• Giving -- We continued our giving to several projects this month per our budget.

• Fully Fund 401k -- It happens automatically every month!

• Investment Review -- I'm fairly done with this resolution for 2006. I've made the adjustments I planned at the start of the year, so we're set for now.

• Earn Extra Income -- Resolution accomplished.

• Retirement Number -- Still working on it.

• Complete Taxes -- Resolution accomplished.

• Get Spouse Up-to-Date on Finances -- Close to finishing my PowerPoint presentation for my wife.

• Sort Out College Savings -- No progress made in this area this month.

• Update Will -- No progress made in this area this month.

• Credit Check-ups -- No progress made in this area this month.

• Budgeting -- Now that the first half of the year is over, I need to adjust for the rest of the year.

• Insurance Inventory -- Planning on doing this in July.

• Blog Goals -- Everyone seemed to go on vacation in June -- it was an "ok" month, but not great. Still, I'm on track to hit my mid- to high-level numbers.

I'll be reporting on my status with these at the end of every month, so stay tuned to see how I do.

Comments

[Phillip]

LOL! - A PowerPoint to your wife. That is great. I wonder what my wife would say if I presented our finances to her in a PowerPoint?