Here are my 4th month’s results in this new venture of mine to take control of our finances and grow our wealth one dollar at a time. To clarify, only the dollars saved because of new behaviors since starting this blog are counting toward the Saving to be Rich results.
Grocery Coupons = $188.75
Total saved is shown above. This does not include Only the dollars saved from coupons I clipped are being counted. My reasoning being that I would have bought the items on sale anyway (store savings) and the only extra I earned is the coupons I clipped.
Added to Wealth Building Account – $38.70
$1,025 minus $149 expense (window)
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 = $116.54
Finally we are seeing some upward trends for CAT and CTSH. Unfortunately they are not back to the price I paid for them and are definitely not growing at a pace that will meet my goals of Saving to be Rich. Therefore, this month I will trade them out for what I hope are better prospects. These are both large cap stocks and to see the gains I want for this project I really need to be investing in some small caps which have greater risk, but also greater potential reward. However, I will gladly take a plus this month!
Wealth Building Account – 116.54
Craigslist – $20
I sold a dinosaur sand box that was sitting for free on the curb. Invested cost was $0, so profit = $20.
Wealth Building Account – Plus $20
Overall June 2011 = $1,201
STBR Wealth Building Acct = $175.24
How did you do? Any successes or concerns to share? Questions you’d like answered?