Easily my most favorite time of month. I love net worth updates, often I can barely contain myself to wait until the 1st, I always want to get started on the 30th, which is impossible because my minimum student loan payment comes out of my account at 11:59pm on the last day of the month. There goes debt getting in the way of everything again! Anyway, on to my very first, and hopefully one of many, net worth updates.
Total Debt: $-35,228 (-2.4%)
This month was a good month for debt repayment. I made my regular $60.00/week extra payments plus I made an extra $349.00 payment because February was a 5 pay day month. My total payment towards my student loans this month was $830.46. Add this to my regular $207.50 car payment and that means I paid a grand total of $1,037.96 towards my debt. I’ve been chasing that elusive $1000/month debt payment since I started making debt payments and I finally hit it! Go me! That means that for February, I paid 51% of my average net income towards debt. Wow. Just, wow. Makes me want to kiss a puppy, preferably this one.
Net Worth: -$21,472 (-1.36)
Not a bad improvement considering my assets actually went down this month.
Next month I’ll be including my budget break down, but I’m not going to bother for February since, why would you care about something you didn’t get to read about?
Also don’t forget to check in to my 2012 Goals to see what progress I’ve made on them I’m updating them at the end of every month, so far I’m right on track.