[Sorry for this being such a LONG post! I promise, it's all good things though!]
A lot of great things happened for me in March. I turned 23 and was able to spend my birthday
in New York City with my two best girlfriends from high school. I was fortunate enough to take a road trip
down to Winston-Salem, North Carolina with my little sister to visit my big
sister and my twin sister was even able to be with us for a few brief
hours. I also got to head up to Hershey,
PA where my twin sister lives and go for a massage and a sleepover.
On top of all that I got my federal and state tax
refunds! Woohoo for my bank
account! I managed to max out my 2013
Roth IRA and didn’t even have to cut it too close to the April 15th
deadline. I hope everyone else is on
track for those 4/15 IRA goals!
Since it was such a stellar month, let’s check out how
everything is going:
·
Assets: $16,018.35
o
Checking: $962.82
o
Savings: $1,667.27
o
CD: $5,004.35
o
Roth IRA: $5,538.11
o
401k: $2,845.80
·
Liabilities: $23,556.98
o
Discover: $73.42
o
Loan #1: $21,810.37
o
Loan #2: $1,677.33
·
Net Worth: $(7,542.77)
·
Bottom Line: +$3,548.55
Whew! What an awesome
wrap-up for March. As a bonus, both of
my March goals were accomplished!
Goals:
·
Achieve a net worth of $(10,000.00). I blew this one away, thanks to my tax refund
money!
·
Contribute $1,400.00 to my Roth IRA. Again, blown out of the water thanks to the
extra $2,000 from my tax refund.
Since we’ve reached the end of the quarter, I think it would
also be good to see how I’m doing overall with my annual goals. Just like I monitor my finances throughout
the month in order to meet my monthly goals, I think it’s good to monitor
yourself on a larger scale to see if you’re close to hitting those annual
goals!
Annual Goals:
·
2013 Roth IRA: $4,507
o
$4,507 contributed
o
100% completed
·
2014 Roth IRA: $5,500
o
$0 contributed
o
0% completed
·
401k: $3,000
o
$736.08 contributed (for paychecks paid by March
31)
o
24.54% completed
·
Loan #1: $4,000
o
$769.86 contributed
o
19.25% completed
·
Loan #2: paid off, ~$2,500
o
$843.61
o
33.74% completed
·
Emergency fund: $3333
o
$0 contributed
o
0% completed
·
Net Worth: $0 [originally $(16,053.86)]
o
$(7,542.77) currently
o
53.02% completed
Aaaaaand, after all that, here are my goals for April!
April Goals:
·
Achieve a net worth of $(6,000.00)
·
Achieve $2,000 in my emergency fund
What are your April goals? Are you working on building your assets or breaking down your debt?
