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personal finance Jan 01, 2019



Wow!  Sitting down with these numbers is both empowering and depressing.  LOL!  I mean the massive amount of debt that I have taken on between school, cars, and business expenses, it's amazing!  I use this blog for motivation and accountability so an important part of that is transparency.  In this post, I will break down all of my debt, investments, and bank balances so I can use it as my baseline for progress throughout the year.  Well, without further ado, here we go...

I wanted to talk about this first because it is the most daunting for me.  I had some major victories but I also have a looong way to go.  One student loan was paid off in 2018 (First Student Loan Paid).  I also downgraded my car to take care of a huge chunk debt (She's Gone).  I started with a total of $107,454.83 and I am currently at $67,604.23 left to pay off.  That means I paid off $39,850.60 so far!  Here is the breakdown:
‚Äč*totals include current interest due*


Of course, I invest in my future self!  I feel like even if you have debt you should still put money aside in investment accounts especially if your company matches 401K contributions (mine does).  I also contribute to an HSA account (Let's Talk HSAs) which my company also contributes to.  Here is the breakdown:


For the purposes of this post, I am not going to include my checking account in the benchmarks because it fluctuates so much.  It is pretty much a funnel to and from my other budget line items (savings, debt, spending, etc.)  Here is the breakdown:


This is important to track too. Only 3 years ago, my credit scores were in the 500s!  I've already had the big swings in my credit so now it just slowly climbs as my accounts get older.  Here it is (according to Credit Karma):


I don't really have too much control over these.  It is just left up to depreciation and the market but I thought it should get an honorable mention for tracking since it contributes to my bottom line.



Of course, I have goals that I want to accomplish this year.  I broke them out by what area of my life they belong.  In my planner, I also broke down these goals by quarter to see where I need to be by those benchmarks.  I will keep it high level for this post. 

Well, that's my 2019!  I feel like it will be a great year and I am already off to a good start!  What are your goals for this year? 

Resources for this post:
RightCapital - to track assets, liabilities, net worth, & investments
Personal Capital - to track assets, liabilities, & net worth
CreditKarma - to track credit score
Kelley Blue Book (KBB) - to track car value
Stebt - To track debt payoff
Ally- one of the best savings rates on the market
Goal Based 2019 Planner - for keeping track of your goals (my fav!)

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