Starting Debt | Last Month | This Month | Difference | |
---|---|---|---|---|
PRIVATE SL | $49,528.99 | $48,576.21 | $48,270.11 | $(306.10) |
Fed'l SL | $55,852.68 | $55,483.81 | $55,349.50 | $(134.31) |
CC | $13,610.75 | $12,743.77 | $12,526.03 | $(217.74) |
Car Loan | $9,779.33 | $7,747.90 | $6,988.13 | $(759.77) |
TOTAL: | $128,771.75 | $124,551.69 | $123,133.77 | $(1,417.92) |
The progress on my debt reduction plan makes me want to sing Fog Hat's classic song: "Slow ride, take it easy..."
I keep telling myself, "Progress is progress." But still.... grrrrrrr.....
You can check out the progress of my "Slow Ride" here in my snowball debt reduction plan.
MY SAVINGS
LAST MONTH | THIS MONTH | DIFFERENCE |
$7,356.51 | $7,574.98 | +$218.47 |
I try to save about $200 every month. As you know, I bought beer with the $10 I earned from my recycling proceeds, but I also made an extra effort to save an additional $10 as well. I guess I did well. :-D
I also opened a new high-interest savings account with Dollar Savings Direct. I always worried that I would become one of those crazy old ladies who collects cats. Thankfully, looks like I'm collecting savings accounts instead. :-D
MY NET WORTH
LAST MONTH | THIS MONTH | DIFFERENCE |
($4,316.87) | ($15,895.44) | ($11,578.57) |
Writing about my net worth reminded me of the a classic MGM cartoon called "Bad Luck Blackie", about a cute white kitten who is tormented by a bully bulldog. The kitten enlists the help of a black cat who causes the bulldog to suffer series of misfortunes. In the end, you see huges objects falling from the sky onto the bulldog. Yep. That final scene pretty much sums up my free falling net worth. But I'm not going to dwell on that.
As indicated in my prior posts, I:
- Started purchasing I-Series savings bonds from the U.S. Treasury. I plan to continue to buy small amounts of bonds every month;
- Opened a new high-interest savings account with Dollar Savings Direct;
- Will start earning snowflake money through Pinecone Research.
I'm not expecting to, nor will I, get rich from these efforts. But they're all small baby steps in my long-term retirement planning and net worth building.
The breakdown of my net worth can be seen here.
2 comments:
Hi there-you are going in the right direction and very well done on your progress so far-I believe any progress is better than none, so good for you!
You right! Progress is progress. I know how frustratingly slow in can be. Keep going!
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