MY DEBT
Starting Debt (6/31/08) | Last Month | This Month | DIFFERENCE | |
| 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 MONTH | THIS MONTH | DIFFERENCE |
| $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:
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!
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!
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!
i'm with j, that is awesome, $18K less debt in one year is pretty darn good!
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