Monthly Archives: April 2007

Extension On Tax Deadline

April 7, 2007

Posted by derek under General

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When I arrived home from work earlier tonight, my shipment from Amazon containing my copy of TaxCut Premium had arrived. As sick and twisted as it might sound, I could not wait to install the software and get started on my return. Sounds like a fun and exciting Friday night, no? After putting the kids… continue reading

Win A Microsoft Zune

April 6, 2007

Posted by derek under Reviews & Links

7 Comments

If you’ve been thinking about purchasing a Microsoft Zune but have just been too cheap to spend the money, you now have a chance to win a free Microsoft Zune courtesy of John Chow. In order to enter the contest, John is simply asking for you to write a blog post about the contest and… continue reading

Could You Live On $1 Salary?

April 5, 2007

Posted by derek under Live Below Your Means

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How extreme would you have to cut expenses to live on a salary of $1.00 per year? What about if you received a bonus of $1723 on top of that salary? Even the people that take living below their means to a new level would be hard-pressed to pull this off yet somehow the top… continue reading

Free Copy Of TaxCut Premium

April 5, 2007

Posted by derek under General

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Last week I posted about a continue reading

Save Time & Money With 57 Finance Resources

April 3, 2007

Posted by derek under Retirement & Investing

7 Comments

Whether you are an experienced investor or someone that is just starting out, you can spend a considerable amount of time tracking down information and educating yourself on various financial topics. Rather than continue to hunt around the Interweb for all of that information, you might want to take a look at The Investor’s Toolset:… continue reading

Why You Shouldn’t Direct Deposit Your Tax Refund To IRA

April 2, 2007

Posted by derek under Retirement & Investing

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This past Sunday, I came across an article from Humberto Cruz that discussed reasons direct deposit of your tax refund may not be the best idea. In the event that you were not aware of the recent change, you are now able to have your tax refund sent to an IRA via direct deposit. Last… continue reading

Net Worth Update For March

April 1, 2007

Posted by derek under Retirement & Investing

3 Comments

As a means of tracking my progress towards my 2007 goals, I am going to be running this as an on-going series of posts. As a bit of background, here are the opening posts in the series: February 2007 Update January 2007 Update 2007 Financial Goals Non-Mortgage Debt As of right now I am still… continue reading

Non-Mortgage Debt
As of right now I am still proceeding with my plan to pay the minimum amount due on my 0% balance transfer from American Express.

For the month of March, I reduced the outstanding non-mortgage debt by 2.22% which brings the total reduction to 42.72% since the beginning of the year. According to my current plan, I will continue to pay the same amount until late in the year when I transfer the remaining balance out of my HSBCdirect account to pay the balance in full.

With a stated goal of eliminating non-mortgage debt by 100%, I feel this goal is on-track since all of the money is currently sitting in my online savings account earning me money.

Increase Net Worth
With a disappointing close to February that resulted in a 0.33% gain to my net worth, I am happy to report that March was a much better month. The increase for March was a little more substantial as a result of the payout of a company bonus, which was immediately directed into savings.

My net worth has increased by 4.06% for the month of March and that brings my annual increase to 11.10% since the beginning of 2007. With an annual goal of increasing my net worth by 35%, I think my performance in March has helped me recover from the less than stellar increase in February.

It is still going to be an aggressive goal to meet but I believe that I am still on track to accomplish that goal. Right now my biggest concern is the looming expense of replacing the windows in our home. While we have set aside money to cover this expense, it will reduce our savings by a considerable amount. In addition, we will be looking to replace all of the blinds in the house once the windows have been replaced.

Plans for April
As April begins, I am looking to continue funneling money into savings to help offset the expense of the windows and blinds that will be coming in the next month or two. In addition to that, we will be celebrating my wife’s birthday this month but we are not planning anything too extravagant.

As of right now, I still have not completed my income tax return but we have received a modest refund the last couple of years so that may pad the savings by a small amount. My tax software has been shipped by Amazon so I should be ready to start in the next day or two. If you haven’t completed your taxes yet, be sure to enter to win a free copy of TaxCut.

That concludes my progress report for the month of March. The first quarter of the year is in the books and I feel that my goals are on-track and within reach, which means I will be striving to surpass my goals again this year! How has the 1st quarter been for you?

My New Choice

Monthly Archives: April 2007

Extension On Tax Deadline

Win A Microsoft Zune

Could You Live On $1 Salary?

Free Copy Of TaxCut Premium

Save Time & Money With 57 Finance Resources

Why You Shouldn’t Direct Deposit Your Tax Refund To IRA

Net Worth Update For March

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