Well, 2009 was filled with ups and downs, which I will discuss in a different post, but December added on a high note (at least when compared to November). My net worth increased by 2.84%. Not bad at all! Looking at the numbers, this is partly due to a slight bounceback in the market and a slight uptick in savings. December was a 3 paycheck month, which helps, plus I received some gift money for Christmas and my birthday, which will be spent, but for now, resides in the bank.
The saver in me was a bit disappointed by December, as ING Direct dropped their interest rates again, down to 2.5%. I have to remind myself that it’s still way better than a brick and mortar account, and it’s much better than stashing my money under my mattress. It’s still fun to watch the money grow!
I hope this trend continues in January. I don’t need the market to take a huge leap upwards, but a nice steady climb is more than welcome.
Megan is a 40-something government employee in the Washington, DC area. She got interested in Personal Finance when she got out of college and realized that her paycheck wasn’t going to go as far as she had hoped. Since starting this blog, she has managed to buy a house and make a solid start on her retirement goals, and hopes to help others do the same. Here is her story:
In 2007, I was a gainfully employed 20-something with no debt but not a lot of knowledge about personal finance. It was a co-worker’s comment about Roth IRAs that sent me to the internet, searching for information. It was then that I realized that I really didn’t know a whole lot about personal finance and that my current financial situation was due a lot to inherent frugal tendencies, generous family members, a fear of debt, and good luck. While that was working for me, clearly I needed a better plan.
While I had no debt, I was also pretty much living paycheck to paycheck and not worrying about going over budget (I say this as if I had a real budget) because I had an emergency fund set aside to cover any overages.
Except that’s not what an emergency fund is for.
So I did a lot of research, read a lot of blogs, and decided that I needed a plan. I needed to budget. I needed to know what I was spending my money on. I needed to prepare for the future.
I decided to create a blog not only to make myself accountable to others but also to share the knowledge that I gained along the way. I’ve learned so much from my fellow bloggers, and I hope that my readers can find something useful in what I have to share as well.