So I have been playing around in my quicken this morning(yes I should be working but I am pretty well caught up!). Anyway...I got it all set up to accurately figure my net worth. It is pretty depressing.
"Checking-8619" is an account I keep open so my sister and I can swap money back and forth. There is no service charge for this account
PNC BANK I just opened it to get the $200 reward after 60 days. I am using that account for my day to day expenses, except gas.
New Suntrust is my main account. It is the one that I pay all of my bills out of and use for my gasoline expenses during the week.
The student loans are the main thing that bothers me. When Ex-DH and I were young and just married we took out student loans for me to go to school. And then we took out supplemental loans to live on. Then we got divorced and I am stuck with all of these loans. They have more than doubled since we took out the loans because I can't afford to pay them. These mistakes(not the divorce) have come back to haunt me. I would be in pretty good shape if not for them. I feel like it is a an insurmountable problem that never seems like it will go away.
When my mom passes, the house I am living in will be deeded over to me. That will help with the net worth, but I will still owe these dang student loans.
Net Worth
September 11th, 2013 at 03:38 pm
September 11th, 2013 at 04:13 pm 1378916039
September 11th, 2013 at 04:34 pm 1378917240
It's also obvious you're just starting out. Don't worry about it. Concentrate and pay down the bills, then let the next 35 years put everything right. If you weren't thinking about making things better, things won't get better. You've already overcome the first - and probably hardest - hurdle: You want to do better.
Most folks... hey! I'm doing great! Look at my house! Look at my car! Don't look at my balance sheet.
September 11th, 2013 at 05:17 pm 1378919839
September 11th, 2013 at 05:31 pm 1378920680
We all have to start from where we are. The important thing is to make steady progress.
September 11th, 2013 at 05:39 pm 1378921175
September 11th, 2013 at 06:09 pm 1378922958
All you can do is cut spending and boost income, but you already know that. Anything you can do to lower interest rates helps, but you knew that, too.
Did you end up taking that 1099 job?
September 11th, 2013 at 06:10 pm 1378923057
September 11th, 2013 at 08:30 pm 1378931431
September 11th, 2013 at 09:51 pm 1378936265
Even though your present home is not technically yours yet, a paid for home is a very significant asset. You still have time to reduce debt and build up savings/investments. Just focus on your cash flow, and take it one step at a time.
September 12th, 2013 at 02:34 pm 1378996473
September 12th, 2013 at 05:01 pm 1379005291
September 13th, 2013 at 03:50 am 1379044223
FYI - I love downloading the Marketplace Money podcasts and listening to them. Very helpful and the tone is factual and upbeat.
September 13th, 2013 at 12:56 pm 1379077014
September 14th, 2013 at 03:53 pm 1379174016
I understand that the numbers are depressing, but keep pressing on. I'm sorry to read about all your troubles. You just never know the curve balls life will throw your way. Keep searching out ways of earning more money. I think that will be your solution.
September 15th, 2013 at 08:15 pm 1379276155
September 22nd, 2013 at 04:01 pm 1379865715