Cash - $25.00
Everyone has to start somewhere and this is where I had to start. Almost no cash, new job and lots o' debt. My plan for these accounts (checking and savings) is to add $25.00 from each of my paychecks to my checking and hopefully watch it accrue over the course of the year. My savings plan is to "buy" all of my gift cards that I received for Christmas from myself. The total stands at $420.00 total right now. I can't use the gift are until I have "bought" it. It's kind of a neat little system. I save and I still don't have to pay for things I need. On top of this, I plan to put at least 15% of my gross income into this account before the years end.
Investment - $538.66
As far as my IRA is concerned, I haven't deposited anything in this since early 2014. Not good. But I was ill-informed about the account in a whole and now that I have a tiny bit of a better understanding on this guy. I know where I need to go from here.
401k? This guy is brand new. I have never had a 401k before but since I was just promoted to full-time at my current employer, I was automatically opted into their retirement program. I start off with the 5% that the company requires to receive a match but then realized that I would receive a match until I hit my 1,000 hours of full-time status. At this point, I was missing the 5% so I just let it do it's thing. It does make me feel better about not being able to physically put away as much in my savings, I don't see it, don't miss it.
Challenge Savings - $19.93
This is where my crazy money OCD comes into play. I had an extra savings account just sitting there for reasons I could no longer remember. So I wanted to find a way to stash some cash. I had been reading some challenges that J.Money over at Budgets Are Sexy has been posting and I got inspired. I had always been a little jealous of a Bank of America's save the change roll-over savings accounts, but I loved my bank so I decided to make my own (roll-over savings). Here is key to better understand what all of the random letters mean. >_<
VC - Virtual Change (change that I transfer over from debit transactions)
BS - Budget Savings (when my bill is less than my budget)
Dollars and Coins - loose change and dollar bills that I collect thru out the month and deposit.
Nissan Sentra - $11,242.00
This is more than what I originally guesstimated, which is nice. But we will have to see what the actual dealership says because of the accident. Which I am still super peeved about. :(
Savings Funds - $268.24
This is just my initial balance for the year. I'm not going to count it as a win just yet. Let's see how they build.
LIABILITIES
Ew. I hate this part.
Credit Cards - $1,211.38 (Negative)
UGH! I really, really hate this part. But these are just initial balances for this year. I was bad and took out a Zales credit card in February, but I added it to here just for reference. (I got something for my mom for mother day. So.... worth it!) I also took out a carecredit card for my animals to go to the vet. This was necessary, they are my babies.
Loans - $26,432.08
These steadily go down and have been for months. I will start making regular payments to my student loan in June. So we will start seeing a nice difference here within the next couple of months.
Total Net Worth - $15,549.63 (Negative)
Sigh - not happy. But I was presently surprised to find that it was less than what I originally had in mind. I'm so excited to see how this number creeps to the positive in the coming months and (let's be realistic) years.
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