Saturday, March 04, 2006

Moving House!!

New Home!!!

I have not been posting much at all due to all the organizing and packing.... I'm moving to my new condo in a month and I have to leave the current house clean and bare for the next renter.
Since I just entered a 30-day escrow for the condo this week and I need to be out of the current place in three weeks, there is going to be a gap of two weeks where I won't have a place to store my belongings (I'll stay at my sister's house).

I will have one of the two rooms rented at the new condo to help pay the mortgage payment. There's going to be alot more budgeting from now on but I'm excited about the new challenges ahead of me.

I'm hoping that during this month, I can have a few things I own sold through craigslist. I just need to get rid of the clutter. Something I have been procrastinating on. Mainly, I am trying to sell my xbox system and games. I used to be a computer/video game freak and now, I just don't have much spare time to play games anymore. Also, I've listed a drafting table, other types of tables, and an old dvd player as well.

The Budget!!!!

By this time next month, I will have a more precise picture what my monthly expense budget (excluding mortgage payment, property tax, and HOA fee) would be. But, for now, I have allotted approximately $700 to $800 per month for utilities, cell phone, high speed internet, gasoline, food, entertainment, car insurance, etc. Hopefully, I'll have around $300 and a little extra left over per month for savings, until I get two small raises in July and September.....when, hopefully, I can save abit more then. I'm still going to keep saving 21% of my income through work's 457 retirement plan. I plan to partially fund my roth ira with the extra income I get from the side job......either that or save that money for minor interior improvements/purchases for my new place..................OR to restart my travel fund.

13 comments:

  1. This is big news! Congrats Poe!

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  3. Congratulations, my friend! That is fantastic news. I hope to be there someday, too!

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  5. I just found your blog and wanted to say congrats on your efforts to build wealth!

    21% is a huge level of committment and you should be commended!

    As someone who just started a blog myself, I am also inspired by your willingness to put yourself and your goals out there for the public. Good show!

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