Firmly Entrenched ($99,067)

Two (related?) things, and some goals today:

Not sure if I’ve already said this, but I removed my 401(k) from my net worth calculations.  First–I just started my 401(k) with the official job–I’ve had the opportunity to invest in them in the past, but I wasn’t always the responsible young lady I am today (and yet, I wasn’t over $100k in debt then…). Because the account is new, it’s not like you’re seeing a giant drop in my net worth.  It’s not like I can touch it without penalty either.  I don’t want to get to the point where I see my net worth in the positive figures, but still have a ton of student loan debt.  I can’t section it out into vested and non-vested either.  But hey, with the unvested portion there’s already $1,000 in there…but again $600 of that I don’t get to keep for three years, so I don’t want to see it now.

Second thing–even with the removal of my 401(k)–I feel like I’m firmly entrenched in the negative five figures.  Hopefully no more see-sawing between five and six figures from here on out.  I’ve got two pending student loan payments totaling $800, but there shouldn’t be too much of an effect on my calculated net worth.  I’ll have to pay about $2,000 in taxes in April (not accounting for the couple hundred I’ll get back from my state returns), but in the next two months I should make up for that with savings and loan principal payments.

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I just got really confused–I kinda forgot I only have three undergraduate loans left…I’m not really sure how that’s possible. I also have no idea why my pie (donut?) chart isn’t updating, but that fuchsia slice should be a tiny bit smaller.  But without further ado, some goals:

  • May 5:  Pay off UG3 (current balance $2,557)
  • June 15:  Debt Balance under $100,000 (current balance, about $106,000)
  • July 31:  Pay off UG4 (current balance $3,346)
  • November 30:  Pay off UG5 (current balance $4,963 – this is a bit of a stretch goal)

I’m really looking forward to the day when this donut has only three flavors (constituting my federal loans – mustard and burnt orange colors? – and my two ECSI loans – lighter blue chunk).

Wish me continued luck!

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