This post is coming to you a little later than normal (again – sorry!), October was an extremely busy month for me. I had actually prepared all the numbers and had a post outline all done and ready to publish, but I just didn’t get around to publishing it. I’m really trying to push towards the end of the year and hoping that I will be able to hit an $80,000 net worth, so we will see how that goes. I’m going to try stepping up my savings and letting the market give me a needed boost. I hope that everyone had a very spooky Halloween, but no tricks when it comes to personal finances.
Sorry that this post is coming out a little later that normal, September was a bit of a crazy month for me. I’m still trying to adjust after the move out, and things are really hectic when it comes to organizing everything and trying to settle down. I had planned on expenses being higher than usual this past month, but I also had some unexpected expenses creep up on me. I think we all know that those are never fun! I’m still adjusting the budget as patterns change, right now I’m kind of creating a “maximum expenses” budget for safety purposes. I will continue to fine tune those numbers as time progresses and things level out more.
Does it seem like new IRS scams are coming out faster than they stop them? Every year it seems we go through the same pattern around tax season of telemarketers trying to scam people while posing as the IRS. To make things even more ridiculous, the IRS is going to employ several private debt collectors next year. Already sound like a bad idea? It seems like they are opening a huge door for scammers to say that they are an authorized collection agency. In my opinion this does not add up at all, and seems like it introduce more headaches than the benefits of any additional revenue that may be recovered. There’s also the fact that these firms will need to paid, so wouldn’t it be more cost-effective to hire more employees at the IRS for this purpose?
With all the recent news about Wells Fargo opening fraudulent accounts in customer’s names that did not even request it, I figured that this would be a timely post. Over 5000 employees were accused in this case, and several whistle blowers have said they were fired when trying to report the practice. It’s important to choose the bank that is right for your situation, one that will make you money – not take your money. It seems there was a systematic failure at Wells Fargo to prevent these issues from happening, and we want to prevent this from happening to ourselves. I’m going to be sharing some advice on how to choose the bank that is right for you while trying to avoid that same situation.
In July and August I made huge increases towards my net worth, but I did have a feeling that it couldn’t last forever. The month of September has proven that, as I’ve been hit with a double dose of market trends and increased spending. I can’t control the market, so I’ll have to ride that out for the time being. Expenses were high from moving out, so I’m hoping to reign the spending in the coming months. I know that this is a marathon and not a sprint. I’ll keep contributing as much to my savings as possible, without worrying about the things beyond my control.