Thursday, July 2, 2009

June '09 Progress Report - Birthday Edition

I'm one year older, but do not feel any bit wiser. But I AM financially better off than a year ago. For example, I'm officially $17,557.21 less in debt than I was a year ago. (Technically, I'm $24,800.29 less in debt.) Oh! And did I mention that my student loans are now under $100k? Those are signs of progress, right?



MY DEBT


Starting Debt (6/31/08)

Last MonthThis MonthDIFFERENCE
Private SL$49,528.99$45,782.97$45,413.34$(369.63)
Fed'l SL$55,852.68$54,464.64$54,349.12$(115.52)
Credit Card$13,610.75$11,574.08$11,452.08$(122.00)
TOTAL
$128,771.75$111,821.69$111,214.54$(607.15)


As you know, I'm snowballing my debt and I'm arbitraging my 0% credit card debt. I recently sold some company stock to pay off my cc before the promotional rate expires in October. If you include the $1,999 net proceed from the stock sale, I have $7,243.08 that I've saved towards paying off my credit card so my net balance is technically $4,209. I CANNOT wait for my credit card balance to go down to zero!


MY SAVINGS

LAST MONTH

THIS MONTH

DIFFERENCE
$7,685.61$7,790.34+$104.73



I've fallen off the frugality horse recently and this looks better than it really is.

Every month, I try to "earmark" additional money towards other investment/savings vehicles such as my Roth IRA, savings bonds and CD ladder. These "earmark funds" aren't reflected in my net savings I report every month, so most people won't know that I've saved ZIPPO in these funds for the past couple of months. Had I remained on budget, I could have earmarked an additional $100 this month.

I could definitely do better but I've been a bit lacking in the motivation department.


MY NET WORTH

LAST MONTHTHIS MONTHDIFFERENCE
$5,940.55$10,007.87+$4,067.32



Glad to see that notwithstanding a pretty big market correction a week ago, I'm still in positive territory.

Looks like the biggest gainer (%-wise) is my Roth IRA that increased in value by 35.53%. But that's only because I contributed $717.29 when I bought 7 shares of TIP. Since it's only "up" $631.55, I actually lost money. Dang it!

The biggest gainer ($-wise) is my 401k, which increased in value by $1,723.53. I contributed $1,613.42, so I actually made money in this puppy. Woo hoo.

For those who are curious, the breakdown of my net worth can be seen here.

4 comments:

Miss M said...

Congrats, your credit card goal is in sight. I've got ~$6200 left to pay on the debt I inherited. I'm trying to get it paid off this year, I'm sick of it sucking up cash month after month.

I have two investment accounts that I don't contribute to, an old 401k and the sharebuilder account. They are a good gage of how my investments are doing percentage wise, the apparent return on the accounts you actively contribute to is skewed. I hate contributing $500 and seeing the balance only go up $400!

Sharon Rose said...

Hi there-yes, very well done on the progress so far and I hope you had a great birthday too! Keep up the excellent work, you will get there with the card and it will feel so sweet too!

J. Money said...

that is awesome!!! $18k less debt in one year? incredible girl - I'm so proud of you :) you def. deserve that cupcake in the picture. and the cat!

Ms. MoneyChat said...

i'm with j, that is awesome, $18K less debt in one year is pretty darn good!