Posted by Heidi on July 1st, 2008 in credit cards, debt, saving
I just finished calculating my second quarter net worth, and I’m less than pleased with the numbers. As you can see, my net worth has actually decreased since first quarter end.
Here’s how my mid-year financials have shaped up:
Q1 & Q2 2008
12.30.07
3.31.08
6.31.08
$ ∆ QE
$ ∆ YE
Total Debt
268,162.17
265,553.60
263,747.75
-1,805.85
-4,414.42
Credit Card Debt
17,050.40
15,669.88
14,298.95
-1,370.93
-2,751.45
Savings
1,709.07
7,330.96
9,393.00
+2,062.04
+7,683.93
Net Worth
-40,517.00
-26,860.00
-31,928.00
-5,068.00
+8,589.00
There are a few of things going […]
Posted by Heidi on April 3rd, 2008 in credit cards, debt, loans, saving, student loan debt, track expenses
The first three months of 2008 have been kind to me. Things started out rough in January, but in mid-March I received my annual bonus as well as a nice little tax refund, so on the whole, this quarter has been a good one. Since the end of the year I have fully funded my […]
Posted by Heidi on February 26th, 2008 in About BankerGirl, credit cards, debt, frugal, household spending, saving, taxes, teaching, track expenses
I don’t balance my bank accounts in the traditional sense - and I don’t follow a strict budget. I realize this flies in the face of most financial advice, but it works for me. Instead, I pay myself first (direct deposit into my ING savings account), and access each one of my checking accounts online […]
Posted by Heidi on January 11th, 2008 in Week in Review, credit cards
I’ve been a little slow in my posting so far this New Year, but it brings me great joy to share with you some of the great content that others have been putting on the InterWeb in the past couple of weeks:
JD at Get Rich Slowly posted a nice piece about Opening Your First Brokerage Account. I haven’t made the leap yet – but […]
Posted by Heidi on December 11th, 2007 in banking, credit cards, debt
I recently consolidated over $17,000 of credit card debt at 5.99%. Some of my readers have expressed concern over the fact that the consolidating bank may not have my best interests in mind - they could pull shenanigans such as suddenly increasing my interest rate or charging an obscene balance transfer fee. How can I […]
Posted by Heidi on December 5th, 2007 in Holidays, credit cards, debt
I did it. I cut up my credit cards today.
Kind of.
I cut four credit cards today. I kept one - the one with the lowest interest rate - just in case. In case of what, I don’t know.
As I put that card back into my wallet, it hit me - I am a credit card […]
Posted by Heidi on December 2nd, 2007 in About BankerGirl, credit cards, debt
I am periodically asked to speak at seminars on personal cash and credit management. The most popular section of my presentation is always the piece on credit scores. The two questions I get most often are:
How do I get perfect credit?
What impacts my credit score and how do I improve it?
Before I begin, a few […]
Posted by Heidi on November 28th, 2007 in Holidays, credit cards, debt
The New Year is just around the corner and I have been doing a lot of thinking about my financial goals for next year. There is so much that I need to do that I’m having difficulty prioritizing. Here, in to particular order, are some of the goals I hope to achieve in 2008:
Stop using […]
Posted by Heidi on November 27th, 2007 in credit cards, debt, loans
Today I had a small victory in my battle with debt - I found a bank that would consolidate all of my credit card balances at fixed rate of 5.99%. That’s lower than the interest rate on my car loan! This should allow me to make some major inroads to eliminating my revolving debt.
There are […]
Posted by Heidi on November 26th, 2007 in credit cards, debt
If you have been reading this blog with any regularity, you know that I am lugging around $263,000 in debt. I explained how I got there mess in my “How to Create a Financial Disaster” series. I have received more than a few emails asking how I could let it get so bad, and what made […]
