Sunday, July 31, 2016

What??? And a proposition.

It's the end of July.  Where has this month gone?  It has literally flown by! I have been working so much this month.  I have worked almost every weekend and I am starting to feel the exhaustion.  I think I have completed most of the time sensitive work and I should be able to finally stop working weekends. 

I don't recall if I mentioned it on the blog, but over the past 2 years or so, the firm has lost many staff members. Many of them have not been replaced or if they have been replaced it has taken 9 months or more to replace that person. During the down times, I have picked up a good bit of the slack.  Recently, again the firm is down several billable employees. My guess is that those employees will not be replaced before the end of the year.  With that, I am expecting to have to again help pick up the slack.  I don't mind helping to pick up the slack, but I also don't believe that I should have to give up my weekends in order to assist the firm for failing to hire new employees.

So I think I want to propose to my employer a financial arrangement.  I will do my regular 40+ hours a week for my regular work on the cases assigned to me.  Anything extra for cases not assigned to me should result in additional compensation.   I think it's only fair to receive compensation for working 40+ hours a week on work that generally would be assigned to another employee who would be paid to complete the work.  I don't want to sound or come off as greedy or not a team player, but I think this would be a fair arrangement.  What do you guys think?  Is this a bad idea?  How would you approach the situation?

Friday, July 8, 2016

Second Quarter Check In

At the beginning of the year I made several goals.  Let's see how I am doing.

1. Pay off student loan-DONE

I paid off my final student loan in January!!

2. Increase emergency fund to $15,000- DONE-ISH

I increased my emergency fund to $15,000 in Mid- February, however later I pulled money out to fund my Roth for 2015.  Right now I have about $14,000.  I'm building it back up. 

3. Save $2,000 towards a new vehicle- IN PROGRESS
I have saved $720 towards my new car.

4. Begin retirement contributions and save $5,500 towards retirement- DONE!!
I have saved $5,500 toward retirement this year.

6. Begin investing in mutual funds- FAIL
I haven't started investing yet.  I plan to wait until I get my ROTH for 2016 funded.

7. Maintain a $1,000 (work) travel fund- IN PROGRESS
I have around $470 in here. This ebbs and flows though because I travel for work and it takes 2 to 3 months for reimbursements.  I have 4 or 5 travel vouchers outstanding. 

8. Build a $1,000 car maintenance fund- FAIL
I have been focusing on the Roth and saving money for new furniture. 

9. Build a $500 home maintenance fund- FAIL KIND OF
I have been focusing on the Roth and saving money for new furniture.  I tend to think of my new furniture fund as a home maintenance fund.

10. Build a $750 medical fund- FAIL
I have been focusing on the Roth and saving money for new furniture.

11. Build a $500 pet fund- FAIL
I have been focusing on the Roth and saving money for new furniture.

12. Lose 30lbs!!!!- IN PROGRESS
I have lost 3 lbs.  Still working on this goal.  

13. Read 24 books- IN PROGRESS
Behind on this goal- I've only read 7 books.

14. Travel somewhere cool!- FAIL

I gotta step my game up to get my butt in gear if I want to make my goals. 

Monday, July 4, 2016

Net Worth

I've never done a net worth post, so I have decided to do one.  This one is not completely accurate because I charged some stuff on my credit card that I haven't paid off yet.  I have the money set aside for it, but I haven't had a chance to make payment yet or balance my checkbook from the last pay period so everything is not broken down into the respective categories. My net worth is calculated based on my assets minus my liabilities. 

$5,561.54 online savings account
$5,628.25 Roth IRA
$12,356.77 bank account- includes emergency fund
$269,570 house (per zillow)
           Total Assets: $293,116.56

$729.88 credit card
$219,488.26 mortgage  
         Total Liabilities: $220,218.14

NET WORTH: $72,898.42

I have a positive net worth!!!