Personal Progress Update
When I started this blog, I promised that I’d give monthly updates of my financial progress, so here it goes.
Net worth as of February 15: Approx. $54,000
Net worth as of April 1: Approx. $63,415 (does not include market fluctuation between now and then, but everything else is accounted for)
I’ve put a NetWorth IQ badge in my sidebar so you can track my progress in detail.
Here are this month’s highlights:
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My husband received a year-end bonus of $433 after taxes that we put toward our car loan
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I received my 2007 401k employer contributions (3% guaranteed, plus approx. 10% for profit sharing)
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We paid off our car last Friday with our bi-weekly $690 debt snowball payment
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My husband and I both learned that there are no raises in our immediate future, and that he won’t be getting quarterly bonuses this year
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Almost two years after joining Upromise, we finally reached the $25 minimum for transfers, and $29.08 was transferred to my stepson’s 529 plan
We’ve revised our goals slightly as well. Instead of aiming to pay off our credit card and half the second mortgage by the end of the year, we are now going to pay off our credit card and both our student loans, saving the $35,000 second mortgage for next year. Although the credit card and student loans have extremely low interest rates, we think this will give us the momentum to keep going through the long second mortgage payoff process. Stay tuned!
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