Take note of my now positive net worth!

Well guys, I am now in the plus signs! After the last OSAP payment I just made, along with a few more hundred dollars in savings, I am now at a net worth of $256.00! As excited as I was for this day to come, it really doesn't feel like that big of a deal now that it's happened. Although I must admit, now that I am at a positive net worth I really don't ever want to go back into negatives. This might be something to think about when I decide its time to get a car...but that's not something I will be doing anytime soon. Anyways, just thought I would give you guys an update! Hopefully this is going to be a good year financially :)

Net Worth Update..

Everyone take notice of my updated net worth to the right!!! I am SO CLOSE to having a positive net worth. I have to say, when I started blogging about money and really taking charge of my finances, I did not even think that by the end of this year I would even be this close to a positive net worth and being debt free.

YAY ME :)

Net Worth

As I mentioned in a previous post, I recently bought a personal finance book, Personal Finance for Canadians for Dummies. This book is great so far, its basically everything you ever needed to know about personal finance. The only downside may be that it's SO much info, its a little confusing at times. Anyways, reading this book got me thinking about my net worth, so I sat down and calculated it.

Net Worth:
Savings Account: $1346.11
Debt: $4890.65

Net Worth = -$3544.54

Although this is a negative number, I don't feel bad about this. Mainly because I feel this is not bad for only being 21. I didnt start off with a huge amount of debt, because my first year of school was paid for with bonds my grandparents gave me every year from when I was born until I turned 18. So that paid for my tuition, and my parents paid my rent most of the time. So I only had to get a loan for my second year. This is the main reason why I have less debt than all my other friends from college who got loans for both years. So even though I'm in the negatives I feel I'm not too far away from the positive side of things.