I try to do this every few months not only to track progress but get renewed guidance on where I've improved, what I can further improve, etc. Wanted to post my current, up to date breakdown and see the general consensus since when I started this process 13 months ago I had a negative net worth of almost -$50,000 and today that stands at -$17,000.
I'm 25 and working two jobs in NoVa region taking home on average, $5,000/mo.
I average $1300 every two weeks from one job and my paycheck from another is $1220 after taxes/401k contributions. Each pay period, 6% comes out of my paycheck for my Roth 401k and I get a 3% match (half cash towards my investment direction, half company stock).
My investments are as follows:
Roth 401k: $4,426 with $150 contribution each pay period
Roth IRA: $2,603 with $150 contribution each pay period
Investment Account: $1,576 Etrade and $1,009 Fidelity in independent stocks
My savings are:
Checking: $12,317
Savings #1: $480
Savings #2: $1000
My debt is as follows:
Credit card: $0, paid it off last year and keeping it off
Student loan: $10,900 @ 7.5%
Auto loan: $29,900 @ 4.59%
I run a monthly budget of sub $2,000 which breaks down like this:
Rent (incl. utilities): $700
Car: $670
Gas: $150
Insurance: $85
Cable/Internet: $50
Food: $200
Netflix: $8
Parking: $5
Entertainment/Shopping: $80
Misc: $50
Lastly, I have other items of value of:
Videogames: $1,800
Electronics/Movies: $3,600
Baseball cards/Sports Memorabilia: $2,000
Land: $2,000
Camera Equipment: $1,000
I'm 25 and working two jobs in NoVa region taking home on average, $5,000/mo.
I average $1300 every two weeks from one job and my paycheck from another is $1220 after taxes/401k contributions. Each pay period, 6% comes out of my paycheck for my Roth 401k and I get a 3% match (half cash towards my investment direction, half company stock).
My investments are as follows:
Roth 401k: $4,426 with $150 contribution each pay period
Roth IRA: $2,603 with $150 contribution each pay period
Investment Account: $1,576 Etrade and $1,009 Fidelity in independent stocks
My savings are:
Checking: $12,317
Savings #1: $480
Savings #2: $1000
My debt is as follows:
Credit card: $0, paid it off last year and keeping it off
Student loan: $10,900 @ 7.5%
Auto loan: $29,900 @ 4.59%
I run a monthly budget of sub $2,000 which breaks down like this:
Rent (incl. utilities): $700
Car: $670
Gas: $150
Insurance: $85
Cable/Internet: $50
Food: $200
Netflix: $8
Parking: $5
Entertainment/Shopping: $80
Misc: $50
Lastly, I have other items of value of:
Videogames: $1,800
Electronics/Movies: $3,600
Baseball cards/Sports Memorabilia: $2,000
Land: $2,000
Camera Equipment: $1,000

I am trying to get out of debt and expect to pay off the last 14k in a year or so.
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