August MyActualGrowth Networth update September 3, 2006
Posted by Administrator in : MyActualGrowth , 1 comment so farAlright well this month like a posted earlier I bought some things I needed on a credit card that has no interest for 6 months. I bought a new laptop which I needed and an Xbox 360. The laptop was 1549 and the 360+games and controllers etc was about 650. Now that’s over $2200 and my balance is now down to $1,325.27. So that tells you just how much I have payed on that bad boy. I plan to have it payed off in October, I could pay it off right away but again there is no interest until December so I am putting money in my Savings account that earns interest and still funding my Sharebuilder brokerage. So obviously this month I was looking at my net worth decreasing but it only decrease by $14.19 or dropped down by .63%. That’s not bad considering I accumulated an extra $2,200 in credit card debt.
Now I still increased my Networth in key categories such as my checking, savings, 401k, and my Sharebuilder Brokerage.
- This month displayed is August and all percentage increases and decreases are from June to July.
Some key figures are:
- My cash or cash equivalent increased 76.60%
- My investments increased 31.30%
- My capital one Credit card is now payed off!!
|
Cash or Cash Equivalent |
Actual Value |
Increase from July |
Increase from last Month ( %) |
| Checking Account | $316.48 | $199.17 | 169.78% |
| Savings Account | $802.63 | $286.26 | 55.44% |
| Total | $1,119.11 | $485.43 | 76.60% |
|
Investments |
|||
| 401k | $1,696.58 | $199.17 | 19.30% |
| Sharebuilder Brokerage | $1,142.74 | $402.25 | 54.32% |
| Total | $2,839.32 | $676.80 | 31.30% |
| Liabilities | |||
| BankofAmerica Credit Card | 1,325.27 | 1,325.27 | New Card |
| Best Buy Credit Card | $410.24 | $100.00 | -19.60% |
| Capital One Credit Card | $0.00 | $48.85 | -100% |
| Total | $1,480.24 | $+921.15 | -210.41% |
| End of Month Total | $2,222.92 |
$-14.19 |
-.63% |
My Actual Growth (July) August 1, 2006
Posted by Administrator in : MyActualGrowth , 8 commentsAnother month of saving money and kicking credit card debt in the ass. This is another positive month for me. I just can’t believe what a difference a few months can make by just focusing on your spending and concentrate on saving your hard earned cash. My financial life has undergone a complete 360 and I am proud of myself for taking the time one day to get my act together. Gone are the days of minimum payments, late payments, and the everyday stress of worrying about your financial life.
- This month displayed is July and all percentage increases and decreases are from June to July.
Some key figures are:
- My credit card debt went down 29.84%
- I increased my total net worth from May to June 79.27% WOW!!
- My Sharebuilder Account increased 103.85%! I still have not traded any stocks but this is just me funding the account.
|
Cash or Cash Equivalent |
Actual Value |
Increase from June |
Increase from last Month ( %) |
| Checking Account | $117.31 | $-34.48 | -22.72% |
| Savings Account | $516.37 | $254.08 | 96.87% |
| Total | $633.68 | $219.60 | 53.03% |
|
Investments |
|
|
|
| 401k | $1,422.03 | $154.58 | 12.20% |
| Sharebuilder Brokerage | $740.49 | $377.23 | 103.85% |
| Total | $2,162.52 | $531.81 | 32.61% |
| Liabilities |
|
|
|
| Best Buy Credit Card | $510.24 | $-88.42 | -14.77% |
| Capital One Credit Card | $48.85 | $-149.37 | -75.36% |
| Total | $559.09 | $237.79 | -29.84% |
| End of Month Total | $2,237.11 | $1,177.40 | 79.27% |
My Actual Growth (June) July 1, 2006
Posted by Administrator in : MyActualGrowth , 1 comment so farOkay another month of savings on board for me. Now I realize I don’t make much money so for some of you reading this your probably like that’s all you saved?? Well umm yea that’s all I saved but its a hell of a lot better than living paycheck to paycheck.
- I have an expected value column that I predict how much I will have in each account based off my budget and where I will allocate money.
- This month displayed is June and all percentage increases and decreases are from May to June.
- I started saving in May so year to date is going to be the same as the increase from last month column.
Some key figures are:
- My credit card debt went down 18.19% which is freakin awesome because I have just been paying the minimum before.
- I increased my total net worth from May to June 83.92% WOW (I can’t wait to see what this figure is by December of 2006)
|
Cash or Cash Equivalent |
Actual Value |
Expected Value |
Increase from last Month | Total Increase Year to Date |
| Checking Account | $151.79 | $129.78 | -40.10% | -40.10% |
| Savings Account | $262.29 | $259.57 | 152.71% | 152.71% |
| Total | $414.08 | $389.35 | 15.93% | 15.93% |
|
Investments |
Actual Value |
Expected Value |
||
| 401k | $1,267.45 | $1,135.00 | 14.87% | 14.87% |
| Sharebuilder Brokerage | $363.26 | $395.00 | 89.12% | 89.12% |
| Total | $1,630.71 | $1,530.00 | 25.88% | 25.88% |
| Liabilities |
Actual Value |
Expected Value |
||
| Best Buy Credit Card | $598.66 | $624.12 | -16.17% | -16.17% |
| Capital One Credit Card | $198.22 | $155.00 | -23.76% | -23.76% |
| Total | $796.88 | $779.12 | -18.19% | -18.19% |
| End of Month Total | $1,247.91 | $1,140.23 | 83.92% | 83.92% |
My credit card debt is going down! June 18, 2006
Posted by Administrator in : MyActualGrowth , 7 commentsI am happy to write about some more positive things going on for me personally. My credit card debt no longer sees minimum monthly payments, Ohhh no not anymore! I have been in the habit of paying every two weeks. Usually one big payment like $100.00 on such and such account followed by say $20.00-$35.00 the other week. I have seen my debt go from as much as $1,300.00 combined all the way down to around $700.00. For me that is astronomical. 
That is a $600.00 swing in the other direction in a little over a month and I don’t plan on stopping anytime soon. I hope to have one card payed off for by the first or second week of July and hopefully the other one payed off towards the end of July or more towards the first week of August. After that I plan on using just one card to pay for gas expenses and thats it, at least thats a way I can keep a better tab just how much I am spending on gas just because I am curious. But all amounts will be payed off each month to avoid interest. Like I have posted earlier about the gas card rewards, I plan on getting one at some point so this will kind of teach me to get in the habit.
Also paying off this credit card debt is a step in completing some short term goals I have set out as well.
- Paying off credit card debt calculator
- Credit Card debt tips
- All about credit
- 9 ways to pay off credit card debt
As for that last link some of those I would not recommend unless its a last resort.
NetWorth Update for May June 1, 2006
Posted by Administrator in : MyActualGrowth, May , 6 commentsHere is the first update of MyNetWorth. Its good to finally have some money saved up after living paycheck to paycheck since I can remember. Hopefully I can keep the momentum going into to June and I don’t see any reason why I can’t.
| My NetWorth May | ||
|---|---|---|
Cash or Cash Equivalent |
Actual Value |
Expected Value |
Checking Account |
$253.39
|
$55.58
|
Savings |
$103.79
|
$111.16
|
| Investments |
Actual Value
|
Expected Value
|
|
401k
|
$1,103.36
|
$975.00
|
|
Sharebuilder Brokerage
|
$192.08
|
$389.05
|
| Liabilities |
Actual Value
|
Expected Value
|
|
Best Buy Credit Card
|
$714.12
|
$754.12
|
|
Capital One Credit Card
|
$260.00
|
$255.00
|
Actual NetWorth |
Expected NetWorth |
|
$678.50 |
$521.67 |
|
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