Tuesday, January 02, 2007

Networth January 2007

As stated in my goals for 2007 post, I wanted to focus on reducing credit card debt and increasing my networth.


As you can see I have some work to do. In order for me to reach my goal of reducing credit card debt by $12k, I'm probably going to have to pay close to $14k. But I believe that is acheivable. I also want to increase my networth by $15k. That will mostly be done through credit card debt reduction, but also through my 401k plan. I previously held about 10 different funds in my 401k, but have reduced that down to 5. I also upped my contribution to 5% up from 3% and in July or August I will start receiving a company match. I believe it's a 3-1 match, but I'm not exactly sure. Also I found out that our company gives you stock at the end of June, so hopefully whatever the qualifications are, I'll qualify. That could easily be another $300-500 depending on how much they give out.

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