"Secret skimping is out, like false bosoms." - Marjorie Hillis, Orchids on Your Budget, 1937.

Wednesday, March 4, 2009

March 2009 Net Worth

Emergency Fund: $2,952.43
Checking: $100
ING Funds (total): $20.07
Roth IRA: $3,159.67 (out of the $5,400 I've invested so far)
401k: $985.78 (out of $1,349.92 invested)
Sharebuilder: $23.61 (out of $50 initial investment)
Total Positive: $7,241.56

Rent: Paid
Phone: Paid
Credit card: $534.45
Student Loan I: $11,557.29
Student Loan II: $0
Total Negative: $12,091.74

Net Worth: -$4,850.18

I've been hit pretty hard in my investments (as I'm sure we all have), so at the suggestion of another blogger, I've revised my goals. So here they are in the order of importance:

-Reduce extraneous spending. Namely, no more online purchases.

-Build my emergency fund back up to $6k as soon as possible. Put aside at least $500 a month toward this goal.

-Put at least $500 a month toward my remaining student loan until it's under 10k.

-Start putting money into ING funds again.

-Reduce Roth IRA contributions until the above goals are satisfied.

-Do taxes ASAP for refund. Use refund toward balancing grocery, electric and gas bills with boyfriend, and put the rest in savings. Create a grocery budget for the two of us.

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