1/9/2006
The 2005 Financial Round Up
So I had some really crappy college jobs during 2005, I also had to work a lot to be able to pay bills, which resulted in my grades suffering. And 2005 put me deeper in the financial hole then I was in. But in the end it wasn’t as bad as it could have been.
I’ve begun to track my finances much better then I have in the past. I’ve switched to online savings accounts. Specifically HSBC and ING Direct. I personally like ING Direct better then HSBC because of their interface and ease of signing up. For a review of HSBC’s sign up process, check here. Or even for a good comparison between the online saving accounts, check here. In the end I made $65 through bonuses and interest over at ING and about $26 over at HSBC. While the total might not be that great ($91 total), it was money that would have sat idly in a checking account or in a Wachovia Savings account at a measly 0.8% interest which would have netted no where near that total.
I’ve also begun to track my total net worth monthly to see how I’m keeping in line with my spending and savings goals so that should help me out a little bit.
All in all, not much in the positive way of things happened but hopefully I understood and I’m able to improve from there. This posting is part of the goal of improving.
Filed under: Financial
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