$2,000. That’s the exact amount that my net worth fell in 2007. Sort of creepy, isn’t it – getting that nice, perfect, round number? After a year of scrimping, saving, careful budgeting, tracking my spending, and (of course) blogging, my net worth dropped by exactly $2,000.
And I’m quite happy with it.
The truth is, my net worth dropped by only $2,000. With new student loans and some serious cash dropped on car repair, I’m quite happy with the progress I’ve made – even if it is “one step forward, two steps back.” The truth is that I would be much worse off if I hadn’t paid strict attention to things this last year.
Yet, there were several outside factors that helped – especially family members helping me out as birthday and Christmas presents. Repeating this “success” will not be easy, but….
My goal for 2008 is to do as well, or better than, 2007. In other words, to have my net worth fall by no more than $2,000.
Stick with me guys, this is gonna be an interesting year.
Michel Savoie says
Wow! That’s really impressive!!! When I was a student, even after income, my net worth still managed to drop by $15,000 per year, and 4 years after I said goodbye to good ol’ academia I’m still paying for it!! Congrats!
Peter Mottola says
Ryan S. says
Good for you! When I was in graduate school my income got cut tremendously, so I had all kinds of money issues when I got out. I applaud your efforts!
Is that 2007 was better than before ? Maybe there is something wrong in your budget management.
While we’re in different circumstances, I admire you for staying so positive about a net worth drop. You definitely have the right attitude.
My student debt is currently $17,000 but will be more like $20,000 when I graduate at the end of the year. I have some more pressing goals at present (my debt is interest-free) but am happy with the way forward for me. Sounds like you are too. I know how frustrating it is though as a student, lacking that full-time income to move forward and pay off debt/save. Hang in there!
I love your positive attitude and yes it was only $2000, better than $4000 or more.
perry williams says
i want my net worth to go up b 2k