We all know that I’m a giant geek, and that all month I look forward to these net worth updates. What you might not realize is that I geek out about it even more during months that are ambiguous. Will my net worth go up or down? I don’t know, but I’m excited to find out! I have to restrain myself from calculating it out beforehand, so that I can have the big surprise on the first of the month!
I think I need more hobbies. Anyway, here’s the big reveal… *drumroll*
Change: $141 or +0.51%
Ooo! It went UP! Which is hugely surprising, to say the least. I took out $1,370 in student loans this month to go back to school, so it would have been perfectly expected for my net worth to go down. However, I had a few personal loans forgiven as birthday presents, and I opened an ING savings account to start an emergency fund, and have received some nice bonuses and referral credits from that.
Next month, barring disaster (knock on wood!), we should see another climb. I’ve started my on-campus job and will start seeing paychecks from that next month, and now that I have my emergency fund, I’ll be moving back to aggressively tackling my credit card debt.
Student loans will continue to go up every three months or so for the next year and a half. Most of them are interest free while I’m in school, and I’m going to make an effort to pay off the interest on the other one as it accrues. If I can keep on top of it, the interest won’t capitalize – that is, be rolled into my principal.
Some hefty goals, I know – but look at that upward sloping line! Up $2,000 in less than a year, while in school and accruing student loans! Please excuse my bragging, but I feel like I’ve got a lot to be proud of here.