Forgive me for the cliché title, but since my story so common and relatable(though most don’t/choose not to see it), I found it fitting.
This is what I’m starting 2016, and my lifelong journey, with:
Checking Accounts: Total:$644.74
- Checking Account I:$642.72
- Checking Account II:$2.02
Savings Accounts: Total:$18.85
- Savings Account I:$18.61
- Savings Account II:$0.24
Retirement Accounts: Total:$3662.93
- 401(k) I:$2937.65
- 401(k) II:$725.28
- Brokerage I:$244.50
Credit Cards: Total:$4240.66
- Credit Card I:$2782.98
- Credit Card II:$1457.68
Personal Loans: Total:$5700.00
Total Net Worth as of 01/01/2016: -$5369.64
Definitely not spectacular. I read/hear it’s average or a little worse than my peers in my age group, but it’s still defeating nonetheless.
I have multiple accounts because they’re either being used for different purposes, or are going to be used for different purposes(all legal, I assure you) and the brokerage is just something I was playing around with in 2015 that I feel much more comfortable leaving where it is. As far as the loans go, they’re from friends and family, and while they’re not from an institution, I still honor them as such because I don’t want to lose my personal connections and it’s the right thing to do(most of us know what it’s like to be burned by a friend/family member, myself included).
I am lucky to be working two jobs, and although this could change instantly, without notice(I don’t exactly have stable jobs and am very expendable), they’re the best I have at my disposal.
Happy New Year to all! Let’s see how this year goes.