Net Worth Update: November 2008

I can scarcely wait to share this month’s update. Seriously, I’m rocking in my boots trying to write this intro. LET’S DO IT!

Change: -$1,887 or -5.17 %

Woohoo! Wait, why am I excited when I lose money? Well…

This month’s drop is due to, as usual, student loans. I took out about $3,300 to pay for my last quarter of school. But, yes, it’s my last quarter! Which means this is it – the last big drop due to student loans. Hurray!

Also, I managed to put away a whopping $1,505 in savings this month! I was able to do this due to a short-term, time-consuming, but lucrative job I worked from the end of September until mid November. I directed the fall play for my former high school, and got a nice stipend for it. Although, that’s not really why I did it – I was mostly attempting to relive my high school drama club days! 🙂

Thanks to that job, I was able to meet one of my savings goals – I now have enough sitting in my account to pay off the interest that’s accumulated on my Unsubsidized student loans. I’m not sure if I’ll do this now, or what until the end of the quarter (March), but that’s a big enough decision to warrant its own post!

I can wait – with my last batch of student loans out, maybe my graph will stop looking like a serious of painful cliffs!

For a look at my assets and liabilities, check out my NetworthIQ for November. For an explanation of the categories I use, check out the bottom of my entry about February’s net worth balance.