I’ll be honest with you all. I’ve been putting off my April net worth update because I’ve spent a lot of money since my last post. I purchased a new phone (around $220) to replace an older phone I dropped, and spent almost $600 worth of recording equipment for a new project (more on this later). I’ve even been so shameful that I’ve stopped tracking my daily expenses and have yet to do my first #MoneyMonday!
But, alas – I’m finally getting over it and recognize that this is part of an overall long and arduous journey toward financial stability and freedom. So, thank you all for helping me stay accountable, and try not to judge too hard. 🙂
[*UPDATE: Okay, now that I’ve ran the numbers, I realize I’ve done far better than I give myself credit for. Yes, I would have actually liked to have saved money, but the important thing is that I’m still progressing.]
Here’s the debt:
|Debt||Last Month||This Month||Change|
|Student Loan A||$6,897.09||$6,839.79||-$57.30|
|Student Loan B||$3,940.65||$3,865.00||-$75.65|
|Student Loan C||$11,723.96||$11,626.95||-$97.01|
|Student Loan D||$5,029.51||$4,607.25||-$422.26|
|Student Loan E||$3,323.50||$3,093.20||-$230.3|
Obviously, this number could have been a little more impressive but, as you can see, I’ve added on about $240 worth of credit card debt. After 2.5 years of being on a debt management plan, I have a new credit card, and – although it’s been handy – I now understand what the podcaster Jack Spirko means when he says being in debt is like being an alcoholic: you’ll never stop being an alcoholic, but you’ll always be in recovery.
Anyway, let’s look at my savings:
|Assets||Last Month||This Month||Change|
Go, me – I put away a little money! Although, with my $600 recording equipment purchase, I already know I won’t be so lucky next month. 🙂 Either way, I’m glad to see I’ve improved somewhat in this category.
And, now – my overall net worth:
Last Month’s Net Worth: -$29,004.20
This Month’s Net Worth: -$27,807.66
Change: ↑ $1,196.54
And, my quarterly net worth:
Surprisingly, I did a lot better this month than I thought! And, looking at my quarterly net worth is also encouraging – look how far I’ve come! So, although I was dreading this month’s update, I’m pleased with the results and look forward to getting back on track.
See you next time!