Let's talk about exactly where my money is. I could easily blog vaguely about how I handle certain financial situations, but then I wouldn't be of very much help. Here's my current situation as of 07/09/2014.
SAVINGS:
$2,182 in a Bank of America savings account (.01% interest)
$4,000 in a Ally.com savings account (just put this money here, 1% interest)
^^These accounts are my emergency fund/safety net
about $6,000 in a trust invested by a financial advisor
^^ (set up by my parents with money from my deseased grandmother. This account originally had 250k in it, which I spent almost entirely on my education. Seriously thankful for the money I was given, because it allowed me to have an amazing education experience following my dreams and such. I am not allowed to access this money directly, I must make a request to my parents and may only use it for school, housing, or necessities of life)
TOTAL SAVINGS: +$12,182
INVESTMENTS:
STOCKS:
$1,345 in Coach, COH (39 shares @ $34.50, change since purchase +$759)
$770 Intuitive Surgical Inc. , ISRG (2 shares @ $385.22, change since purchase +$586)
$19 Origin Oil Inc. ,OOIL (108 shares @ $0.18, change since purchase -$492)
^^ Managed personally through Fidelity.com
RETIREMENT SAVINGS:
$5,932 in a ROTH IRA with a 2050 target date fund, FFFHX (550 shares @ $10.70, change since purchase +$2,228) <<managed personally through Fidelity
$927 in an Employer Sponsered ROTH 401k , T. Rowe 2050 target date fund, TRRMX (67 shares, change since purchase -$3)
TOTAL INVESTMENTS: +$8,993
DEBT:
$5,463 government student loan (3.15% interest rate, original loan amount was $5,500)
$21,960 government student loan (6.551% interest rate, original loan amount was $20,740)
$13,083 government student loan (7.650% interest rate, original loan amount was $12,995)
$8,421 government student loan (6.550% interest rate, original loan amount was $8,500)
(had another $6,869 government student loan @ 7.650% interest rate that I paid off)
TOTAL DEBT: -$49,023
(total loans received for schooling: $54,605)
-$27,848 SAVINGS + INVESTMENT- DEBT= NET WORTH
