Tuesday, 31 December 2013

2013 Net Worth Update and Student Debt Dec Update

   This is an update of my net worth - the simplified version. I didn't include my bank account balance and my credit card balances (I pay them off every month) because the balances fluctuate and I feel like they have no significance because there's no growth potential.

December 2013
Networth
Assets
TFSA (td)677
TFSA (questrade)4403
Total5080
Liabilities
Student Debt8710
Total-3630

As for my student debt, here are the charts and graphs of my progress so far. 


TimeStudent Debt Owed
Apr, 2013$46422
May, 2013$33422
Jun, 2013$33202
Jul, 2013$31555
Aug, 2013$26507
Sep, 2013$16100
Oct, 2013$14762
Nov, 2013$9968
Dec, 2013$8710

I have made good progress this year. I will do a new post on my goals for 2014, it's going to be a year focused on building wealth. 

Sunday, 1 December 2013

Student debt progress: November Update - Finally under $10,000!

This was a good month! My moving expenses were indeed processed this month, which combined with my planned contribution to push my debt level under $10,000! A giant milestone for sure! I've accomplished my Student debt repayment goal of the year 2013 (it was originally to be under $20,000, but I adjusted it down to under $10,000 after my parents helped me with a lump sum.)



TimeStudent Debt Owed
Apr, 2013$46422
May, 2013$33422
Jun, 2013$33202
Jul, 2013$31555
Aug, 2013$26507
Sep, 2013$16100
Oct, 2013$14762
Nov, 2013$9968


Saturday, 2 November 2013

Student Debt Progress: October Update

I have officially re-entered repayment period starting November 1st.
As for October, I'm still on track and hoping my moving expenses will be processed by the next pay period so I can make a big lump sum payment in November.


TimeStudent Debt Owed
Apr, 2013$46422
May, 2013$33422
Jun, 2013$33202
Jul, 2013$31555
Aug, 2013$26507
Sep, 2013$16100
Oct, 2013$14762

Sunday, 13 October 2013

Student Debt progress September Update

Happy Thanksgiving everyone!

Let me begin by saying I'm extra grateful this year because my parents decided they want to help me with my student debt before it enters repayment - with $9000 cash. Of course I will pay them back once I finish paying back my student loan, but I really appreciate the gesture. It has made me very happy. This was also a month of a lot of expenses for me. I bought gifts for my parents, took them on a short trip, paid for car repairs because I cracked my car's side mirror and had to buy a new laptop because the old one just died. All in all though, I'm grateful for everything and everyone in my life. Hopefully, I'll be debt free by next Thanksgiving.

TimeStudent Debt Owed
April, 2013$46422
May, 2013$33422
June, 2013$33202
July, 2013$31555
August, 2013$26507
September, 2013$16100