November was a great
month for a couple of reasons:
1.
It was a three paycheck month. Even though I took a couple hundred dollars
out to help buy Christmas gifts in December, I still managed not to cut into
the third paycheck at all and could put the entire thing (plus more!) toward my
student loans.
2.
Although I went away for two weekends, one was
with four other family members so my costs were reasonably low and the other
was for Thanksgiving. My mom has a
certain number of personal miles for use on her company car, so we took
that. Regardless of whether she maxes
out those miles, she is charged for them, so that trip cost me nothing in gas
and almost all purchases were Christmas gifts.
Let’s see how I did.
·
November:
o
Assets: $7,642.06
o
Liabilities: $(24,998.60)
o
Net Worth: $(17,356.54)
o
Bottom
line: + $3,399.86
What an awesome
month! In total I contributed $2,692.21
to my loans (blew away the $2,000 goal!) and achieved a net worth of well above
the $(20,000.00) I set for myself.
·
November GOALS:
While December is a
holiday month and I will probably be receiving gift money from some family
members, I am not budgeting that into my goals at all. I will probably see what comes in and then
find a balance between adding to my Roth IRA, paying down my loans and buying
myself some tangible gifts. Here’s what
I hope to do:
·
December GOALS:
o
Contribute $200 (instead of the usual $100) to
my Roth IRA
o
Achieve a net worth of $(16,000.00)
NOTE: My company does a
401K match, but I do not include that or any growth in that account in my net
worth updates. This is because I don’t
have access to the account on a daily basis. When a statement comes in, this will all be
updated with true-to-life values.
Additionally, my Roth IRA isn’t invested in anything at the moment. I am hoping to up my contributions in the new
year to accomplish two things: (1) max out 2014 contributions at $5,500 and (2)
bring my account up to the minimum value to start buying into some different
mutual funds.
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