Well hello there and welcome to August.
As we swim into the new month and its burning muggyness, let’s pause to reflect on July, the month that was.
But in July, spending roared back with all different types of wedding expenses: We attended one, pre-paid for travel for another, and threw another engagement party for ourselves (because why not?).
Could the progress I’ve been making on my still-huge student loan debt and still-paltry retirement savings survive these outflows of cash?
Let’s find out!
Here’s what happened to my retirement savings, debt, and net worth in July:
The gains to my net worth are good. It’s probably bad form to start playing the requiem for my negative net worth just yet — not to mention bad luck — but it’s still very exciting to see my negative net worth down to four figures after starting this blog with a negative net worth around -$150,000.
My goal for August 2015 pretty much writes itself: To do whatever it takes to get to net worth zero.
What needs improvement
My spending could use some improvement. Yes, it’s tough to skip weddings or skimp on weddings, but I’ll have to start looking into things like not staying in the same hotel as everyone else or staying in an AirBnB… and perhaps, sometimes saying no.
Also, I need to stop paying for convenience, whether it’s booking travel at the last minute or eating out. The summer heat has made it far too easy to convince myself to take the lazy path.
My goal progress
After starting 2015 with a net worth that was almost -$50,000, my primary goal for 2015 was to get to net worth zero. If I get there early, I may have to re-calibrate what I want to accomplish this year, but I’ll cross that bridge when I get to it (Still hoping I get there by the end of this month).
And that was my July! How did everyone else do last month?