Tuesday, August 26, 2008

My Net Worth ... Is Depressing.

I was poking around on other blogs and got the idea to find out what my net worth is. I joined this nifty little site called Networth IQ. It has all sorts of forms you fill out about what you make, and how much debt you have vs. savings, cash, and retirement funds and any assets you may have. I entered in all the information that I have from my debts (which are getting smaller by the day) and what I currently have stashed away in my bank accounts. And this *drum roll please* is what I came up with:



It's sad isn't it? So I have decided to add another bar to my pay-o-save-meter's with a new goal. My new goal is to get my net worth up to at least $1,000 by the end of the year. And I am going to set up a Roth IRA so I can start saving up for retirement. I just thought I would share that little bit of joy with you.

Also, I paid off my Capital One credit card in full yesterday. I now only have one credit card left to pay off before I start picking away at the money that I still owe my darling parents. My Citi Card is going to be down to $1,077 and some cents by the end of the week, depending on when my payment posts. And by next weeks it should drop another $74, which is all I have left over from my $1,000 pay off my debts spend-a-thon. I decided that I would split the money and take care of my Capital One card since it was under $400. YES!! I LOVE paying credit cards in full. It just makes me feel so alive. And I think I'm starting to really like the way a 0 looks when it's listed under the cloumn 'money you owe us'.

2 comments:

Okie said...

thanks for sharing an awesome site. I've got a nebulous grasp on finances and debt and all of that with a goal to be debt free (except for our mortgage) by next spring and then start making extra payments on the house.

This site will help see just how realistic my goal is and help determine other plans.

Super Careo said...

It is a great site ... I hope that you find it useful. Good luck on your goals!