Here is my 3rd month’s results in this new venture of mine to take control of our finances and grow our wealth one dollar at a time.
Grocery Coupons = $188.51
For the wealth building account, I am only depositing the coupon savings that I “earned” via couponing. My reasoning being that I would have bought the items on sale anyway and the only extra I earned is the coupons.
Added to Wealth Building Account – $83.95
Company Stock = $7,920
I purchased 250 shares of my company stock in January and they were sold back to me in May with a 24% increase in value.
Total profit – $7,920 but this is not going into the wealth account and is instead going toward paying our mortgage ahead a few months.
Rentals = $1,025
Assuming we don’t have expenses, our two rentals cash flow $1,025 each month. This too is not added into the wealth building account, but is instead used for monthly expenses. This is because we had already adopted a lifestyle that included relying on these funds prior to me starting the wealth building project.
Stocks = ($152)
CAT and CTSH continue to decrease in value. I will have to take a longer look at them this month and decide what to do – whether hold or sell and invest in something else.
Wealth Building Account – Negative $152
Craigslist – $70
I sold a Schwinn Mag Trainer and a Cricut Cartridge on Craigslist for $50 and $20 respectively. I purchased both with the intention of reselling them. Invested cost was $35, so profit = $35.
Wealth Building Account – Plus $35
Overall May 2011 – decrease of $33.05 – for wealth building account – plus $9,050 from all passive income & saving sources.
How did you do? Any successes or concerns to share?