Showing posts with label credit cards. Show all posts
Showing posts with label credit cards. Show all posts

Tuesday, June 3, 2008

Still rolling over the CCs

We had to roll over ~$5,000 on our credit cards again this month as cash flow is still tight. The finance charge was $36. Bummer.

It is amazing how things can creep up and all of a sudden you are behind the eight ball. I really don't like doing it but at least there's a light at the end of the tunnel. May was a tough cash flow month for my business. Fortunately the end of June will see enough cash coming in to wipe out the debt and put away a few dollars towards my IRA.

Then I'll have to finance some capital asset purchases for my project, but that's a separate analysis.

In other news, our retirement accounts brushed up against the $100,000 mark the other day. So we're doing all right there.

Thursday, May 15, 2008

Blast!

For the first time in several years, we've needed to roll over a balance on our credit cards. The variable nature of my income coupled with our unplanned tax issues resulted in a cash crunch. June and July should be much better from a cash flow perspective. Wifey continues to put 700 per month into her 403b, $100 goes into Vanguard Wellington, and $50 in the Duke DRIP.

I will need to take on some extra work to make sure I can fund my IRA later this year while still developing our project.

The food and gas inflation is definitely hitting us - probably $150-200 more per month over a year ago.