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I suffer most from impatience.

October 30th, 2007 at 01:27 pm

My son opened his School Savings account with $2.87. He enjoyed making his first deposit to that account.

I blew $8.00 on gasoline today. At least it was in cash, and at least it was at $2.98/gallon. And it will last me probably 150 miles. Paying $0.053/mile isn't terrible, is it? It'll last me probably five weeks too, if the weather returns to its usual dark, wet and cold.

Our insulation will be more expensive than originally estimated, on account of an ancient ceiling fan in the kitchen. Sigh.

Thanks to inflation I am not interested in paying off my mortgage early.

Putting off "finance chat" leads to "finance showdown." Both my spouse and I have inactive retirement and trading accounts, and we can't be comfortably passive about our money anymore. We simply have too many goals and not enough money to go around. I am gathering account statements and making a monthly tally tonight, so if I die from vehicular homicide, my surviving spouse will have half a clue where money is.

I'm sorry this is a dull post. But it is not convoluted and it is not panicky. That's the best I can do right now.

4 Responses to “I suffer most from impatience.”

  1. Amber Says:

    Good luck tonight

  2. paulettegoddard Says:

    It wasn't so bad. Where I get messed up is with how many accounts we have, and how we become inert and forgetful with our saving. My son has four accounts, my husband four, and I have seven. I was all focused on retirement and emergency funds, and now I have to be focused on paying off the home equity line of credit.
    How do people distribute monies across fifteen accounts?

    I have two active trading accounts with only $200 or so in each. The inertia of having lacklustre or no investments in them makes me chafe.

    I had some success getting my spouse to activate the Roth IRA he's had for four years: I gave him a supereasy catchall investment, VTSMX, to invest in.

  3. baselle Says:

    Vanguard Total Stock? Its a good one. Consolidating will make the accounts left look better cared for and give you a reason to contribute to them.

    Don't apologize for your post! As a journal its telling you something.

  4. PauletteGoddard Says:

    Actually, I found VTI, the ETF for Vanguard Total Stock Market, with a lower trading cost. And I will practice what I preach and make a trade in each of my piddly accounts -- one in a foreign currency and maybe two high-dividend stocks -- this week.

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