*sigh* things are not looking good!
My networth seems to be steadily declining for several reasons:
- My RRSPs are tied to the market as mutual funds, and the economy/market is not doing well lately
- A combination of poor spending habits and my friend’s wedding created a huge CC bill to pay
Lately I’ve been pretty depressed about things, and that’s always a danger to my wallet: I like to spend money on things to try and fill the void. Spa days, a dress here, a Cuisinart there and it all adds up.
It’s particularly bad right now since I had to pay off this monster bill before the due date, and I was also hit with rent, TTC pass, gym membership and ASP withdrawls all at the same time.
I’ve had to practically empty my EF to manage all of this without incurring interest. I guess that’s what an EF is for though, right?
But I can’t help but think that I shouldn’t get into these situations… I need the EF in case I lose my job, not just to get me out of hot water when I’m spending stupid. I need to get to the root cause of the problem and go from there, but because it’s emotional spending (much like emotional eating) I don’t think it will be an easy fix. Even Gail Vaz-Oxlade can’t help me with this one! 🙁
5 responses to “Financial Update”
Hope things improve soon!
Yeah, I don’t even look at my 401k, I’ve heavily invested in finanical stocks because I know they will eventually comeback up by the time I get older. There are some great bargains out there but it will take awhile for them to turn around.
Yeah, I’m not too concerned that my investments went down as I’m in it for the long haul. They’ve got at least 40 years to get back up!
I know how you feel. I’m feeling drowned out by expenses lately. I hope things get better for both of us! 😀
I’m hearin’ you. I got on the PF bandwagon almost a year ago and have been saving and investing like a mofo ever since. But looking at my numbers over at NetworthIQ, I’m not much further ahead than I was when I started, thanks in part to the company stock and mutual funds both tanking, I guess. That, and buying an engagement ring. It’s a little deafeating to do a fall financial checkup, thinking everything’s going gangbusters, but only having a coupla hundred dollars more in assets than a year ago.