I’m combining September and October because I did not upload September’s Net Worth earlier.
I added an extra $100 to the Chase student loan because I want to open cash flow and because I am now responsible for the Kemba car loan. Due to an unforeseen circumstance, the car was surrendered to the credit union due to non payment. I’m still working through the details and an attack plan, but am not taking any action until I know a final balance due.
Below is October’s net worth, after an increase in the debt for Kemba car loan due to non payment. I only paid off $14 net in debt and am highly disappointed. However, I hit two investing milestones for me. I have increased my IRA to 10 shares of ITOT (total stock market ETF). I also added (and paid off) an extra $300 to help my stepdaughter replace her phone (I downgraded my phone and am giving her my older “upgrade” phone). I also have felt like I’ve been getting nowhere due to the Kemba increase ($469) while working over 50 hours a week last month. It’s very frustrating, but I want to think Whitney Hansen (www.themoneynerds.com) so I want to encourage others to listen to her podcast as a thanks.
For those asking here are the interest rates on my debts.
Dodge Car Loan: 4.41%
Kemba Car Loan: 3.99%
Chase Student Loan: 4.5% 9 (variable)
Great Lakes Student Loan: 5.16% (fixed)