There's nothing worse than not knowing your financial status. Maybe worse would be knowing it but ignoring it. I'm no expert and I've learned things the hard way. I'm still absolutely not where I should be which is pathetic in my book. It's dissapointing to be this old and unprepared. I'm starting to get to the point where I want this organized. Everything else in my life seems to be except this! How awful is that? I could sit an explain why it's like this, the causes and excuses, but bottom line, it doesn't FIX anything!
So here's the new plan. I have to find a way to make this work. Regardless of what it takes!!!
My 401k is not large at all. Definitely not where it should be and Suze Orman would be kicking my A$$ for taking it out when I moved to Utah. I could have found a different way to make that work at the time but it seemed like the easy way out at the time because it was just sitting there. At then not to mention the taxes I had to pay on that! Ugh! Not a smart move. I've been enrolled with my 401k here at the airline for about 2 years now and it's not much. I've decided to increase my percentage. It's not by a lot and I really don't think it's going to make a significant difference in my paychecks but it will make a huge difference when I have the opportunity to retire. The only thing that I'm not liking is that my 401k is held with Wells Fargo. I'm not a huge fan of thiers. I'm working on that and hoping that I can come to terms with it. besides my money won't always be there! So it's fine for now.
Something else that I've considered is the Wells Fargo Advisors. Depending on the cost (still need to look into that part) just to make sure that I'm on the right track for retirement, saving, and etc. I've received a package from them that I'm still looking at but I'm excited about having a PLAN and sticking to it to be successfull as an individual.
I have a kit from Suze Orman as well. It's here:http://www.suzeorman.com/igsbase/igstemplate.cfm?SRC=MD002a&SRCN=catalogdetail&ProductID=21&StartRow=1&GnavID=10&SnavID=48&TnavID= . I love this kit. I haven't had a chance to have everything completed but certainly well on my way. Definitely something I think everyone should have. It's for your own well being. One plus: it's super organized! We know I LOVE that! There are several of her books that I have as well and I've thoroughy enjoyed them and learned a lot. I suggest looking over her page for additional items. Every indiviual should have these documents!! Especially those that have children...but it would be good for someone to have one thing to look for should something happen to me and know where everything is financially. It would make things easier.
I also have my employee stock purchase plan. They take around $50 a paycheck out and 2 times a year they invest that money. Unfortunately, I've had to take that money out in the past but I am making it a huge goal to leave it alone. It's like an extra savings account. I just need to keep my hands off of it. I should have another deposit in January.
We get bonus checks each quarter as well. It's usually not a lot. But I was thinking about using that next year to take a family for the holidays to buy gifts and food items for them. I think that would be a great thing to do, especially since we get a free turkey each year. Granted I could very well use that money I know that there are families that need it much more than I do.
My student loans are probably the worst. I need to get them out of default so that I can go back to school to finish my early childhood and elementary education degree. It's something that I always go back to and would love to have my own classroom. This is problem though, one university is saying that I owe them money for a semester that I wasn't even there for. I was enrolled and attending another university.
So I certainly have a lot to work on. Lucky for my I have next week off. Yes it's a holiday week and I'll have plenty to do to keep my little tail busy but I'm going to work on this stuff as well . . . . hopefully.
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