Thursday, June 19, 2008

According to Excel........

According to an Excel spreadsheet last night, I am worthless. At work they set up to have someone come in and help us with our finances. Although I desperately need this, it kind of freaks me out, because I was trying to hide from all the debt I have. I had to pay for college myself, including housing, bills, and if we want to get into specifics, EVERYTHING. When you do this in San Diego, it can be tough, especially when every single one of your friends have their parents helping them and spend like their parents are helping them. When I calculated all my debt, the final result was that my net worth is in the negatives. I suppose that is not too surprising since the only thing I have of worth is my car, which in itself is not worth that much.

I definitely made some money mistakes while in college, and lets hope that this financial counselor will lead me in the right path to fix it. At least my rent is cheap now that I moved to Austin. haha.

One good thing, I thought the interest rates on my credit cards were a lot higher than they actually are. That was a nice surprise. Although one of my student loans has a pretty high interest rate. Weird, right? Right.....

I know this is completely off topic of the whole fitness thing, but I think if people talk more about finances and learn about it, then maybe they will have more time to work out, or even more of an ability to pay for a gym to work out at. hahaha.

My fear is that the counselor will be like WOW, you are in debt, you need immediate action, NOW. But Mike told me that if she is a financial counselor she has probably delt with people almost going bankrupt, or even going bankrupt so my debt is probably not THAT bad. And anyway, my debt is nothing compared to the people who buy houses in California right? ;-) haha.

I am looking forward to the weekend already. I have not gotten very much sleep at all this week. I don't think I have gotten more than 6 hours a night every night this week. Boo.

Tomorrow is supposed to be a half day at work though, since we are moving offices. Maybe I will spend the second half taking naps. Although it is waaay too hot to sleep in the afternoons. I will probably just go somewhere with free air conditioning. ahhaa.

This weekend I am supposed to go to Houston for Mike's brother's birthday. Mike's mom is coming down as well and we are supposed to go to this Brazilian place. I am excited. mmmmmmm.

Tonight I am planning on going for a run by the river with Mike. Finally a night without more specific plans than a run. Woo hoo!

Have a great day!

Planned Food for the Day
B: Coffee, Waffle (w/ flax seed, walnuts, cashew butter)
S: Granola Bar
L: Turkey Sandwich & peach
S: Goldfish
D: Pumpkin Tortelinni

Planned Workout
Run at the river


  1. Remember when Mrs. F was talking about how finances and fitness actually are related. I think they both boil down to:
    1. Making a plan
    2. Sticking with it

    The first step is to get out of debt. I, too had a big debt over my head until just this year. It took me 8 years to pay off my stupid early 20's spending. ick.

  2. I'm sure your debt isn't that bad, even if it seems bad to you. I had a friend who was freaking out about her debt, so I convinced her to see a credit counsellor and he just laughed at her (in a nice way) and gave her an easy plan to manage it all.

  3. There are a lot of people in the world today that are in debt but aren't doing anything about it, so please don't feel bad or guilty... you are taking a huge step in the right direction! Best of luck :) This post I'm sure will be very helpful for people!

  4. Hey. I totally feel you on the whole "scared about finances" thing. I've been toying with the idea of meeting with a financial counselor, but I've too afraid (even though I'm sure that I have it way easier than most people.). Debt freaks me out, so instead I've been reading a lot of financial planning books, and I was depressed to see that my net worth is also in the negatives (school loans will do that to you!)

    And I definitely can relate with you regarding the cost of living in SD! I worked throughout school as well, while my friends had allowances handed to them. And even now, their loan payments are even less than mine, and I'll never understand why.

    But at least you are being proactive about it now, and taking the steps necessary to get your finances on track. Good luck to you! And I'm jealous of your cheaper rent, heh.

  5. I'm also "worthless" my dear. Lots of college debt. But hey, we do what we must. I still try to save and I've been putting away $50 a month towards a mutual funds account. It's not much, but it makes me feel better when I pay my monthly loan payment.

  6. I totally hear you on the debt. I also had to pay for al of my college on my own - tuition, books, a place to live, food, etc... also while paying for a car, credit cards... you get the point, I'm in debt as well. Which sometimes makes me wonder why the hell I'm going to go back to school, but whatever. Have a great weekend Cara!

  7. POM,

    Good point. And as of today I have a plan. Woo hoo.

    Oh man I wish I was laughed at, in that case at least. hahaha. But it probably isn't as bad as some.

    Thanks :-)

    You should do it. I bet you will feel better once it is done. I do. As long as I have a clear plan life seems easier, even if I did find out I will probably just be in debt for the rest of my life. hahaa. Good job on paying for school! Even though the debt sucks, bosses and whatnot seem to find it fantastic.

    Yes, you gotta love college debt. hahaha. Good job on putting the money away! I hope to be able to do that soon.

    Good for you! I think you are going back because life is not about money, it is about living life in a way that makes you happy :-)

  8. I am with everyone else.
    the easiest thing to do is SHOVE HEAD IN SAND.
    youre not doing that so you are WAY AHEAD of the rest of us.

    have a great weekend,


  9. Relax Cara, you're still young. You simply need to just get used to debt, it will be with you the rest of your life. You have a lot going for you, a college education and I'm assuming a decent job, plus, and most importantly, you're a runner!!! Keep Running!!!


  10. Personally I'm sort of a nut about money, I've always tracked it and been very careful with it. That being said I had a lot of things go my way, like scholarships that paid for college or parents willing to buy my first 3000 car that lasted for years so I wouldn't have to spend that money.

    I think it's great you'll have an expert to walk you through this!



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