Monday, July 12, 2010

Introductory Post

I have another blog at http://dudedoescrossfit.blogspot.com/, which has worked marvelously as a tool to keep myself accountable and on track with regards to my physical fitness and weight loss goals. In fact, journaling that stuff every day has become a true pleasure. I'm including that link here on the off chance that I attract any readers that may find that sort of thing interesting.

Since journaling has worked pretty well for the physical fitness stuff, I've decided to create this blog as well and use it to track my thoughts and actions as I try to improve myself in the area of personal finance and career direction, which I see as two sides of the same coin. I'm also going to try and use it to track my daily spending. The plan is to track every single thing I spend money on in an excel spreadsheet and then summarize that each week here on the blog. While I don't necessarily want to cut out all of life's little luxuries (Lattes, taco truck, etc.), I do want to improve my awareness of where the money I'm making now is actually going so that I can start making more purposeful spending decisions. Briefly put, my current income is $75K/yr with the possibility of a $1K bonus every six months. With that income, I should be able to afford a pretty decent lifestyle and and also save and invest every month. But, for the last year or so I've pretty much been going from paycheck to paycheck. Additionally, as my income goes up, this sort of process should allow me to take better advantage of that and direct larger and larger portions of my money to savings, investments, etc.

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