This is the first month after I opened the E-trade account as the first step to building our personal wealth and tracking it via this blog.
I opened the account and funded it with $2,000, but did not purchase a stock so it is still at $2,000.
The other activities I’ve done this month include:
Using coupons – $45 savings
I’m only counting the savings from manufacturer’s coupons that I’ve used for things I would have purchased anyway. I assume I would have purchased the items on sale regardless and the coupons I’m using to buy “free” items for donation to charity shouldn’t count toward wealth building activities. Therefore, although I could say that I saved $175 on my trip to King Soopers, I am only crediting $40 from that trip and $5 from another.
Next month I intend to include pictures of my receipts for verification.
Selling via Craigslist – $47.50
I purchased two Schwinn mag trainers at Target when they were 75% off – making them $25 each. I advertised them on Craigslist and sold one this week for $75 – netting $47.50 after taxes.
I also attended Disney on Ice the Princess Classics using free tickets which were valued at least $15.50 – 4 of them would be $62; however, since we may not have gone if it hadn’t been for the free tickets, I am not included them in wealth building activities either.
So, for the month of March 2011- total value change to our account = $92.50 which I will deposit to the E-trade account.
How did you do this month?