Here’s a phrase you will hear often the next couple days “wow its already December?” Yep it is and means time to loosen up the budget and credit cards right? Well I do tend to splurge a bit for the holidays but this year will be a little tighter than past. To me December is a time to start looking at what has happened this year, recap on goals and to see what needs to be done before the end of the year.
Nov 2012 Report
November was actually a very good month! Looking at the bank statements its hard to see but according to my income report on Mint.com it was almost double the previous month, lets hope this is a trend. Had some great portrait sales this month and couple black friday sales helped as well. Also stating up the web design business again contributed a bit.
Adsense has been trickling along, well call it lunch money right now. Thanks to google almost all my nuche sites have disappeared in the rankings and not sure if its worth the effort to try and revive them. Still have a couple ranking and think Ill just concentrate on those.
Spending was up over last month due to sales tax paid, take that out and it was about the same as last month.
Assets vs Debt
The biggest change has been the house value which has shot up, which is good news as we are trying to refinance the house right now. This has also shot up my Net Worth so I take that value with an asterisk, actually money has not gone up much and my portfolio has taken a beating since August especially because of Intel.
Whats ahead for December
So looking where I am at against my year goals Im in ok shape except a couple of them. The big loser will be the credit card debt thing, actually went backwards a bit there and no way to recover before the end of the year.
The other one one to focus on this month is the investment portfolio as I’m just about there. So I will be looking at dumping some money somehow into my dividend portfolio or the IRA. I’m $1,500 short right now and dont think I can put that much in hard cash so I’m praying to the market gods as well. December is also a big dividend and capital gains month for vanguard so that should help and I am scheduled to have a little over $300 in auto deposits made. So it is with in reach 🙂
I am also getting a new computer (hey its one of those business things) mine has been draggin lately and its a early 2008 macpro. figured better to go with latest tech and get a maxed out iMac. Hope to get it on order with the next few days to save on sales tax (If you’re not from California, somehow a sales tax increase got voted in that starts Jan 1) even though it wont be released or delivered till after the 1st.
Finally as mentioned we are working on getting the house refinanced. Its currently at 6% and I have been putting off doing it for ages mainly because there is always an out of pocket expense. I then realized that I have my VA benefit I can use. So went ahead and started the process and hope we get approved and close before Christmas! We are going to try and take a little cash out, but the main purpose is to improve cashflow. We currently handle taxes and insurance separately which is a little of a pain. So if everything gores right we will go back to an impound account and have a monthly payment, including taxes and insurance, for just a bit less than the current mortgage alone.
How does your year goals look? Any last minute tasks to try and make them?