Net Worth Update – June 2014

Alright, alright, I know I’ve practically fallen off the face of the earth here lately. The last few months have been a bit of a bumpy ride for me. I’d love to say I’ve gotten everything straightened out, but, not so much. Hey, life’s a work in progress. But I do have my net worth update ready to go:

Net Worth as of June 30, 2014
Net Worth as of June 30, 2014

June was another month of sliding downhill. What happened? Well, I decided to go to Disney with my Mom and sisters in September. I plan to give a little more details in an upcoming post, but so far I’ve got the resort and tickets booked and paid for. It’s not going to be a cheap trip by any means, but the cost is 100% worth it to me. And that’s what really matters, right?

I hope to be back a couple more times this week, with updates on what’s been going on in my life. Maybe I can find some great feedback here to help me sort things out?

– Cindy W.

Comments

  1. what’s going on with your debt payoff? It seems like lately you’ve just been making minimums or something as it doesn’t seem the numbers are going down that much? Is this the case? Did you switch focus a while back and maybe I missed that? I think maybe try and get rid of the student loan

    1. Good question! And I don’t have a really clear answer. Yes, I am working towards paying off my debts, especially the student loan. No, it doesn’t show in the monthly balances.

      On the Ford and the mortgage, I’m making slightly above the minimum payments every month; They aren’t my focus right now, so I don’t want to put too much towards them, but I’ve always put an extra $20-ish a month. The goal is definitely to pay off the student loan as soon as possible. Each month I’ve been paying just the amount due, and then I’m stockpiling cash to go towards the balance. My reasoning for not paying each month is two-fold: 1) Sallie Mae is notoriously bad about messing up your payments when you try to pay ahead, especially if you’re on their auto-pay system, where you get a discounted rate. I think it will go much more smoothly if I just pay in one lump sum, or multiple larger sums, rather than trying to pay a little more each month. 2) I’m still really hoping to move forward on selling my house. The extra money sitting in the bank acts as an extra buffer, in case there are costs associated with getting the house sold that I don’t foresee. Once the house sells, it won’t be too hard to replace any spent money, since I won’t have the extra housing costs.

      I’m a little back and forth on things right now. And obviously the Disney vacation took a chunk of money, so I’m having to shift things around a bit now. If things don’t work themselves out more clearly in the near future, I’ll probably end up taking whatever cash I have in the bank (outside the emergency fund) and throw it at the student loan near the end of 2014. A month ago, I felt certain that would be enough to pay it off by the end of the year. But now that I’m planning the trip to Disney, I’m not so sure. I’m looking at other way to try to squeeze more money towards that goal though!

  2. Hey, even if you don’t update much, it’s still nice to see when you do. So keep going, at least with the monthly updates! And good luck.

  3. Also, I nominated you for a Liebster Award — check out this post for details:

    http://thesingledollar.blogspot.com/2014/07/its-honor-just-to-be-nominated.html

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