Saturday, January 15, 2011

January 2011: $–8,619 (+$2,239)

Bank accounts $15,249
Mutual funds $25,827
Pension savings $1,797
Student loan $–51,491
Net worth $–8,619

Good month. Extra work, low expenses and a good stock market all contributed to a nice jump in net worth. Used extra cash to buy more mutual funds. My student loan is still growing and will do so until May this year. Norwegian student loans have a very low interest rate (currently 3,16 % floating interest), so I don't know if I will pay it back faster than planned (20 years). Saving to buy a house feels more right for me now.

Saturday, January 1, 2011

My financial goals for 2011

Happy new year! Here are my financial goals for 2011:
  1. I earn $60,000 per year by December 2011.
  2. I save 40 percent of my net income in 2011.
  3. I have a positive net worth by December 2011.