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

Saturday, August 1, 2009

August 2009 Net Worth

Emergency Fund: $0.06
Checking: $361.00
ING Funds (total): $1,767.76
Roth IRA: $5,382.46 (out of the $6,200 I've invested so far)
401k: $3,327.65 (approx. $1350 employer match just hit!)
Sharebuilder: $33.85 (out of $50 initial investment)
Total Positive: $10,872.78

Rent: PAID
Credit card: $2,295.94
Student Loan I: $9,197.55
Student Loan II: $0
Total Negative: $11,493.49

Total Net Worth: -$620.71

Is that right? If it is, this is the closest I've been to a $0 net worth ever. It feels incredible.

Things that have contributed to the positive: Employer 401k match!; ebay sales (almost $200 worth); returns... and most importantly, only 1 QVC purchase in the past 3 weeks or so (!).

Things that have contributed to the negative: Last month's QVC purchases; overpriced dental appointment, expensive medications; airplane ticket.

I have a note in my planner for today, "START FROM SCRATCH". I'm at a turning point right now. After I pay my credit card bill for the month, I'll have only about $100 (liquid) to my name. From there, I have the option of falling into consumer debt, or doing what I set out to do and fighting tooth and nail to overcome this. There are no other options.

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