The Big Level Off (or Current Net Worth Approximation)

After updating this month's net worth, my graph is beginning to level off. Up 0.59% from last month. Paying off (mostly all of) my credit cards has certainly decreased my liabilities (yay!). My retirement account depreciated a bit. Hmm... It's currently at a previous employer and I'm not sure what I want to do with it.

I remember calling the retirement company and asking if I had to make a decision by a certain date or forfeit my funds. Upon hearing that I didn't have to make a decision, I literally squealed. No joke. The woman on the other end must have thought I was crazy. I guess I like not having to make serious decisions on someone else's timeline. I like to make decisions when I want to. Deciding when to make this is all the fun!

Soon, there will be a new feature to my blog. It will stay a secret for now (it's still in the works). But it will provide more of a peek into my personal life and my goals and dreams. I can't wait to surprise you!

Not quite done yet...

I was so excited to have paid off my credit cards, I forgot about the residual interest monster. Creeping in to ruin my perfect zero balances. Arriving in light-as-air envelopes. There's no way to escape them. They come in small one and two digit numbers. But they'll make you whip out a check of log in once more to the card site after you thought you were all done.

So far today, I've called three companies and had the best luck with Capital One. $20-something: poof! Gone! It appears I perform better earlier in the day with women rather than later in the day with men. Some of them are so matter-of-fact: "That's legitimate interest... you're supposed to pay that." I'm doing my best to act dumb to get out of these little inconveniences. I know it may still be my responsibility, but I am willing to keep calling. To reach a woman. Earlier in the day. Who will erase them. Forever.

In other news, I was alerted by Mint that I had a $99 annual fee on a completely different card. Interesting. I don't pay annual fees. Especially on cards without points or miles or doodads. What's the point? Again, I reached a man (a gruff man, at that) who proclaimed that I was sent a notice back in October to the effect of this change. After confirming my address with me, he insisted that I must have received it. I demanded that I heard nothing of the sort. In all honesty, the mail he's talking about probably got shuffled away with all of those resumes and job offers. I had bigger fish to fry at that time.

So I will have to pay off and close that account. Bummer. I will try to call tomorrow and reach a woman or a manager and wave my long credit history in their faces. The only caveat is this card used to be with my bank and then it was sold to another creditor. So they don't know of my long history and clout with the bank. This could get ugly.

Goals for 2010

I'm jumping on the bandwagon and creating goals.

[I guess if all the other bloggers were jumping off their proverbial bridges, so then would I]

I don't usually do this sort of thing, especially in the financial realm. Well, I have more short-term goals. Such as, get a paycheck, pay my bills, get a paycheck, pay my bills. I do believe goals would help me reach my full (financial) potential, though.

Backstory: Before attending a recent wedding, I read up on some blogs about the exorbitant costs involved in destination weddings. So I decided to budget and save the amount I needed in cash before charging up a card. It was fun to put together the spreadsheet, figure out the amounts for the different travel options and have an exact number to aim at saving. While I didn't reach my goal of saving the entire amount (bummer! but I got very close), it was actually a fun challenge to see how much I frugalize to make my budgeted goal.

Side note: friend and I are not that close anymore and it's really fun to vent (quietly to myself) the exact amount I spent being there for her on her special day while she's not really here for me now. Just a tip for the future, ladies (and gents!).

So here goes my fun goals!

Personal Savings
I would like to have at least $15,000 in personal savings at the end of the year. This would be roughly an 8-12 month emergency fund.

Credit Card Debt
I will not accrue any credit card debt for this calendar year. (barring any emergencies!)
I will use cash as much as humanly possible.

Student Loans
I will pay off at least half of my student loans ($9k) by the end of this year.

There. That should give me something to measure in 12 months.

As for personal goals, here are what I am aiming for:

Lose Weight
Who isn't listing this one? okay, you with your hand up, I officially hate you!

Make New Friends
This may be hard to balance with my financial goals since friendships do seem to leak my funds. (gifts, lunches, dinners, etc.)

Be a Better Friend to Those Who Are Already My Friend
As easy as a phone call, as hard as just being there. I need to reward those who already love me.

Simplify Life
I sometimes make it a habit to make things harder for myself, instead of easier. Here's a reminder to not torture myself this year.

Organize my Surroundings
This is the work that will lead to simplifying my life. I am always losing things and waste valuable time searching for the most inane things. Why not just organize ahead of time to avoid this wasted time and energy? Methinks others do this already. I was just born and bred to be messy and somewhat enjoy the challenge (but certainly not the stress) of having to find things in a pressured situation.

Okay, so wow. Those personal ones are not very measurable. Perhaps I should set up monthly milestones to achieve for those.

So close I can taste it...

This past year has changed me. I can honestly say I've gotten tougher, though it's not like a was a light-weight to begin with. I feel like a rock that's been made into granite.

Last year this time, I had no idea what was in store for me in 2009. I thought I would get closer to my goals and closer to who I thought I wanted to be. It could not have taken me further away from where I thought I was going. In a way, it provided me with new goals and shook me to my core. 2009 told me I wasn't as strong as I thought I was. It told me not to believe everything I see and all that people tell me. It took away another innocence veil and fed my inner skeptic even more.

Family issues coupled with the loss of my job flung me out into the outer reaches of space. I wasn't who I thought I was, since the two main dictators of identity were throwing me up after a night of hard drinking. I'm not one to dwell or live in the past, but I definitely had to make it through both of those before I could move on. I'm still not past the family issue, but I am working on it.

Friends I thought would be there for me tossed me out as well. Roads they were forced to take became the "best routes" and the "way to go". My path became overgrown and inconsequential.

For stretches of time, there was no one to depend on. No office mates to lunch with, no family to rely on, no friends to download to. All I had was myself.

I remember quite vividly the exact moment in my pre-teen life that I realized that we all die alone. No matter when or where or with whom, we must all go on to where ever it is alone. That first panic attack was a doozy. I had always been surrounded by family, friends, people, animals. To envision walking the lonely path to the other side was unbearable. I was young and naive. Now I feel old and jaded. But resilient. No one would walk through life with me - why would they want to walk to my death with me?

So tonight when the clock hits midnight, instead of reveling in the memories and planning future goals, I won't be expecting anything of 2010. I have a feeling I won't be alone.

Updated NetworthIQ

Today's NetworthIQ update is the official last update with all of my credit cards unpaid. Tomorrow (read: next month), the numbers will begin to look differently.

They will begin to be real.

Like a band-aid...

I woke up this morning and didn't want to go through it anymore. I didn't want to search for credit cards and past bills and remember to log-in and pay the minimum amount. I didn't want to log my progress in a notebook or put reminders for bills due on my calendar online. I wanted it done. I wanted them gone. In the past two months, I've received more "shut down your account or risk having an inflated apr" notices. Some, from my longest held credit cards. I felt like saying, "I thought you were my friends."

You arrived in the mail when I was at college and didn't get any other snail mail. You had fancy forms to fill out that made me feel like an adult. You lured me in and now, on the cusp of my seeming adulthood, you want to banish me from your record. Or sear me with a high apr. I'm not your piece of meat to play with. I understand your ways. I realize by me paying minimums and not really spending anymore, I'm not adding to your bottom line. I'm not making any one of your fat cat's parachutes a little more golden.

So I took them all and like a band-aid, ripped them all off. "Paid in full" is what will come to my little mailbox now. I have switched the roles. I have the leverage now. I will not use you anymore for my silly happiness. I will restrict myself to the bare essentials and enjoy myself by doing so. Your crutch is useless to me now. I don't even know where all of my cards are right now. True, this is not incredibly responsible, but in a way, it is. Instead of freezing them in a block of ice, I've taken to "losing them" around my house (really hiding them) so I cannot access them. When I do run into them, it's usually not during an online spending spree urge or trip to the mall.

Just in time for credit companies to make millions on others who overspent for the holidays, I will be rich with the free time and worry-free mentality that paying them all off has granted me.

There is no better late Christmas present.

I'm becoming my parents...

Nothing like saying that phrase to get you all depressed right before the holidays.

I literally have no need for doctors anymore. I used to chide my parents for not getting annual check-ups and making an appointment at the first sign of any malady. Nowadays, it's me who puts off calling the doctor. I have literally had something wrong with me for 3 months (and counting!). If I had insurance, it would have been dealt with. Since I do not, I have procrastinated. Which leads me to believe that my parents had something correct in their assessment of doctors.

In the past year, I have mentioned certain symptoms to my primary care physician who either shrugged them off or told me I was a hypochondriac. And while I will not dispute the latter, I was not acting so much so like a hypochondriac in his presence for him to assume that. A second opinion, you say? Yes, that would have been good. But I didn't. Partly because I was so married to my job at the time, that I couldn't think of taking whole hours away to attend appointments.

I guess only time will tell if I break down and finally go to the doctor. I really don't want to. At least now I finally understand where my parents are coming from with their judgment.