Starting Debt (6/08)
|Last Month||This Month||DIFFERENCE|
November was a ho-hum month in terms of debt reduction. With my cc paid off, I could've started snowballing my remaining debt, but I decided to take a break. So I guess November was a spendy month. Either way, my debt's still down and I consider that a "win."
The savings that is reflected here is my "emergency fund" that I am not supposed to touch unless there is an absolute true emergency. I try to save about $100/month or so into my EF.
I have an additional $5,000.00 or so set aside for "earmarked" spending for such things as car maintenance, Christmas, etc. I don't report my earmarks since it's not a true measure of savings because I intend to spend it. I also hate seeing my numbers go down.
But since someone once asked about the specifics, I'll report it this month. My accounting is a bit insane and some of my categories may not make much sense. (Oh, who am I kidding? It's ginormously crazy.) But here goes:
|Mom and Dad (emergency, gifts, etc.)||$525.00|
|Car Fund (registration, maintenance)||$573.00|
|Insurance and COLA||$942.00|
1 -- I am snowflaking the money I get from completing online surveys. Once I hit $100, I think I will start converting these funds into either my EF or other investments like I-Bonds.
2 -- 2 months out of the year, I receive 3 paychecks. I deposit the 3rd paycheck into my savings and distribute 1/6 to myself every month to pay bills. I eventually hope to be able to bank my entire 3rd paycheck without having to spend it.
3 -- My CD Ladder and Roth funds are not "spending items" per se. I created these earmarks to see if I can get into the habit of saving for these items regularly. I was hoping to have $1,000 each in these funds, but as you can see, I'm way short.
MY NET WORTH
|LAST MONTH||THIS MONTH||DIFFERENCE|
I guess the market was really good in November. The big spike in my numbers appear to be because of my 401k. It's incredible to think that my networth was -$21,975.91 just a year ago. In just one year, my net worth increased by $69,334.18! But... I realize that this number is exaggerated because of the market crash last year. My 401k is still down -7.18% from 12/31/08. Oh well. I guess I'll just have to start focusing on my debt reduction again.
The breakdown and the history of my net worth can be seen here.