Debt $ense

I haven’t been into my spreadsheet for a while, so I just spent a few minutes updating figures and calculating my current net worth.

Thanks to better 401(k) performance and a slightly revised estimate of my car’s value (from a local dealer), my net worth is up to -$2,500! And that includes about $7,000 of a student loan at less than 4 percent interest, so I figure I’m in pretty good shape.

I also opened an ING Direct account this week, using a referral link from Jane Dough to get the extra $25. Starting the first week in September, I’ll be putting $65 a week into it as a car fund. At the end of the year, I’ll assess my car’s health - it’s due for a major servicing then - and if all seems well, I’ll transfer a big chunk out to pay down my CC balance.

On the negative side, some work craziness plus my recent vacation led to me adding to my CC balance. Nothing huge, but enough so that what I’ve been putting towards it the last two or three weeks is just about covering what I added. I’m trying to get back on track, though.