Welcome one and all to March!
We’re now two months into the still-new year and though I remain bundled up under four layers of clothing to keep warm, the new month promises the re-birth of spring and with it, new opportunities to make the most of each day.
But first, a look back at the month that was.
The headline number here has to be the $8,200 jump in net worth. At the start of this year, I set a very ambitious goal of wiping out my very negative net worth by the end of 2015. My change last month is a huge boost toward achieving that.
What I’m proud of about February
I’m proud of the consistency of my debt payoff so far this year. The investment half of my net worth may fluctuate wildly each month according to the whims of the market, so it will be a big help to keep one aspect of my personal finance house predictable.
What challenged me in February
I took my first visit to Charleston, South Carolina, for a wedding and extended the weekend out on either end to turn it into a mini-vacation. An unfamiliar city and vacation mentality are often a recipe for an over-spending disaster.
Luckily, I was pleasantly surprised to find that a little planning on my part was all it took for Charleston to provide inexpensive options for food and lodging, good-enough public transportation, and historic sites aplenty that were cheap or free to visit — in addition to a welcome respite from single-digit New York temperatures.
If not for airfare and lodging, I would have spent less in Charleston than if I had stayed back in New York for those four days.
Lessons learned for the month ahead
Career. As good as I think I’m getting at spending less, I think it’s high time I took a good look at making sure my career’s headed in the right direction and progressing at the right pace. Plenty of signs in February pointed
Travel. I’ve got another long trip planned in March to Hawaii. The Aloha State may not have much in common with Charleston, but I’m still certain I can apply many of the money-saving tools.
Taxes. I have really got to get a jump on these. I’m just waiting on a couple more documents and I’ll be ready to go.
My big goal for 2015 is to get to net worth zero after starting the year at -$47,300. My progress this past month is a huge step toward achieving that goal. After two months, or a mere 16% of the year, I’m up $12,200, or 30% complete with my goal.
How was everyone else’s February?