Well, that’s not exactly true…
I started blogging in general in 2005, when I mostly discussed happenings around MIT. I started discussing personal finance related topics in May 2007, and made the transition to WordPress in October 2007. So it’s been about a year since I’ve started writing on this blog.
I suppose, as is the trend around the blogosphere on your blogoversary, you take a look back at your year of blogging.
So let’s begin!
Financial achievements and changes:
Opened my Roth IRA in July 2007, met goal of fully funding it for 2007. (somehow didn’t post about that one).
Enrolled in my company’s flexible spending account (and did that again at my new job).
Got laid off
Got a new job
Bought a car
Since December 2007, through saving, paying down student loans, and contributing to my retirement funds (and getting a salary, of course), my net worth has gone up approximately $17,000. I’m pretty impressed by that. Though I have to keep in mind that my method for calculating my financial net worth also includes my car, both the Kelly Blue Book value for how much it’s worth (assets) as well as my loan amount (liability). So currently, that number pretty much cancels itself out (since the car is still valued pretty highly, but I haven’t paid off much on the car yet).
I’ve continued to make most of my financial transactions automatic if possible. My ING accounts take money from my other accounts a few times every month, my Roth IRA also deducts from my checking account once a month, as does my student loan company, my insurance and 401(k) contributions are taken directly from my paycheck, my car payments are withdrawn from my bank account, and some of my utilities are also withdrawn directly. However, I do go online and pay my other utility bill every month, cable and rent I have to transfer myself every month, and I sign online to pay my credit card off each month. I think with these expenses, they change a bit each month (or there is no automatic option available) and so I’ve chosen to pay those off in that way to make sure I have enough money in the correct account.
I have to attest that I think making the monthly expenses automatic is pretty key. You make sure that you pay your bills on time, which means you don’t have to pay unnecessary fines/fees. You just have to be careful not to go on autopilot in terms of spending.
Okay, to prevent this from going on too long, I think I’ll talk more about other blogoversary-type things in another post.
Woo, blog blog blog!