Friday, November 7, 2008

Financial update

The good news:
1) I reduced my student loan by $71 even after paying interest
2) I focused on my ROTH IRA this month and gained almost a 2% increase in it.
3) Since I made extra payments on my student loan and increased my cash holdings my NetWorth increased to only: -$1307!

The not-so-fabulous news:
1) ING rates have taken a dive with interest rates. It’s currently paying only 2.75%, but with the new rate cut that is also likely to decrease. So my accounts that I didn’t contribute to, didn’t have much interest. So my New Car, my Emergency, and my Home Down Payment funds didn’t budge.

Like many of you, I’ve found this past month both exciting and sickening. However, the things I could control (my spending, paying down debt, and where I’m putting my cash) have gone well. Being in control of those things- that’s satisfying in an uncontrollable world.

1 comment:

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