Net Worth…

I am waiting for the final blows to my net worth. I am expecting a $10-12k dip this month with the last payment of law school tuition and full payment of my Christmas expenses. I also expect another $4k drop in February when I pay my bar exam expenses.

I am having a hard time focusing on my finances because there is so much in limbo.

I graduate from law school in May and I don’t have a new job lined up. My current position as a financial analyst pays me an annual salary of $54k with a bonus of ~$5k. That is not enough to pay my current bills and my new student loan payments. I can easily get a banker position paying a higher salary but 1) I know I am going to leave the bank as soon as I land a law position and 2) I don’t want to burn any bridges and take a position that I know I will vacate in a short amount of time.

My federal loans enter repayment in July and my private loans enter repayment in February 2008. I have a little time to find a new position but I am still a little worried. There are all types of deferment/forbearance options but I suppose I never thought I would ever have to use them.

I am tired of struggling but I can’t say that I am doing my best to mitigate damages to my net worth. Every month, I overspend. I am almost 30 years old and I swear I feel like I need someone to give me an allowance. It’s so sad. I had hoped that I would be better with my spending by now but this blog is helping me. I can promise you that my negative net worth would be worse if it weren’t for this blog.

Thank you for reading and for the support. I know 2007 will be my year to turn it all around. =)