Just Beginning
Today is February 10, 2005. Over the last month I have been inspired by other financial blogs to start my own. My trek towards financial freedom started several years ago. When I was 17, I went to a pro basketball game and signed up for a credit card from MBNA. Since I wasn't quite 18, I lied and put my birth date back a year. My credit card arrived in the mail a few weeks later. In the beginning, I was pretty good. I paid off my credit card each time the bill arrived. The trouble started when I moved to New York six months later. I carted all of my belongings and my life savings to New York. I got a job a few days after I moved paying a paltry hourly wage. Then, I had to get my first apartment, and things to fill it. . . and, well, you can imagine the rest.
Fast forward five years later. I have worked myself out of credit card debt of $5,000, not just once but twice. Two years ago I started an ING Direct savings account which I use as my emergency money. (If you want a $25 bonus to jumpstart your savings, email me. Full disclosure: I get a $10 bonus, if you decide to join.) And, so far in the past two years, I have paid my credit card balance in full almost every month. My spending is no longer an issue, but I want to increase my net worth, which is currently a negative number. The first year after paying off my credit card balances, I was good about saving. But for the past year, or so I haven't been as diligent as I should have been. (Too many things kept coming "up".) This blog was inspired by PF Blog, which is very comprehensive and amazing. As a young single person with student loans, my situation is very different than his. At any rate, I want to make good financial choices and by publishing this blog, I hope that I will be held accountable to my goals. I am not going to update this every day. My goal is a few times a week. In the next few days, I will be posting a complete list of my assets and liabilities and my financial goals, short and long term. At any rate, I hope you enjoy this and I hope you learn something from me, and most importantly, I hope to learn from you. I welcome comments and suggestions.
Fast forward five years later. I have worked myself out of credit card debt of $5,000, not just once but twice. Two years ago I started an ING Direct savings account which I use as my emergency money. (If you want a $25 bonus to jumpstart your savings, email me. Full disclosure: I get a $10 bonus, if you decide to join.) And, so far in the past two years, I have paid my credit card balance in full almost every month. My spending is no longer an issue, but I want to increase my net worth, which is currently a negative number. The first year after paying off my credit card balances, I was good about saving. But for the past year, or so I haven't been as diligent as I should have been. (Too many things kept coming "up".) This blog was inspired by PF Blog, which is very comprehensive and amazing. As a young single person with student loans, my situation is very different than his. At any rate, I want to make good financial choices and by publishing this blog, I hope that I will be held accountable to my goals. I am not going to update this every day. My goal is a few times a week. In the next few days, I will be posting a complete list of my assets and liabilities and my financial goals, short and long term. At any rate, I hope you enjoy this and I hope you learn something from me, and most importantly, I hope to learn from you. I welcome comments and suggestions.
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