Financial journal

FINANCIAL PLANNING

From this point [insert] ~3 /81 [/insert] onward, I can plan how much I expect to have to pay for things and how much income I can expect. Thus I can formulate a financial plan. this will usually be shown in another book, like my diary for example.

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Things carried in Wallet

Money & stamps

Key to car

Memberships

--- Nautilus

--- European health

--- 8709

Insurance

--- Blue Cross, Also AAA

--- State Farm Card & Ron Greek's card

Public

--- Library card - UCI

--- Voter Registration

--- Drivers License

Credit cards

--- Master charge (for recorded purchases)

--- VISA (use it like cash - no record)

--- American Express (for TRAVEL)

--- Security Pacific Bank [insert: security] card

Other

--- Emily's picture

--- Calendar

--- Schlage Lock card

--- Amtrak SD - LA schedule

NEVER Carry checks since Wells Frago only pays first $500 and has to know amount of check in order to stop it. No good if someone steals checks & writes in amount.

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Income and taxes

I started in New Mexico with

$104.04 from Bank America

936.26 Federal tax reimbursement

449.01 Calif " "

241.03 NM " "

in checking account at Bank of NM. Also there was $400 in cash. The tax reimbursements were owed me simply due to excess withholding in 1977, so they were assets even then.

Income from 1978 from Microsoft

48 wks * 48 hours/wk * $16/hr = 36864

(vacation) 2 wks * 40 hours/wk * $16/hr = 1280

[total] 38144

Considering this a base income, the federal computed tax was $11887 leaving my bracket at 50% with $2806 left in it, and the state tax was computed to be $1768.52, leaving bracket at 8% with lots of room above. There was a $180 general federal tax credit, plus an unexplained $53.85 refunded me later, so federal tax on MicroSoft salary was $11653.15. The $5 general store State tax rebate gives a state salary tax of $1763.52