Nothing outstanding this month, just the usual routine of saving. My net worth rose by 6%, and it’s now $3,737. I haven’t gotten financial aid this month, so I hope to get two-months’ worth in December, and put it away.
Cash makes over one-third of my assets already. Wow. Am I getting a little conservative? The thing is I’m working on saving about $1,600 to be able to open a checking-savings account with a minimum balance of $1,300. Concentrating on this, I started ignoring investments totally. Now, I have to remind myself, that this savings account can surely wait, and I’d better put more money in my index fund. After all, one-third of cash certainly is not my ideal allocation.
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Thoughts of a Russian girl who steps into the world of personal finance
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About Me
- Olga
- Hi there! I love food (Paleo-ish), movement (Katy Bowman and Ido Portal), colors (you knew magenta is not in the rainbow?), and searching for the ideal blouse for my skirts and flat heels.
Goal Meters
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Net Worth Goals
Feb'08
93%
$4,000
Summer'09 (Graduation)
37%
$10,000
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PF BLOGS I READ
- 3 Things About Money
- AllFinancialMatters
- An English Major's Money
- Broke-Ass Student
- Discursive Monologue
- Free Money Finance
- Get Rich Slowly
- Give Me Back My Five Bucks
- Home Finance Freedom
- I Will Teach You To Be Rich
- My Financial Blog
- My Journey to Eliminate Debt
- Not Living on Ramen
- Single Ma's Fabulous Financials
- The Diary of a Reformed Spendaholic
- Thoughts from a SF renter
- Well-Heeled: 20something life & money
11 comments:
Thank you for your blog. It is truly exciting to read your comments. Your description of your venture into the world of finance and savings is also a look at the emergence of your country as a viable player in the world's economic picture. I wish you much success, not only with your investments, but also in life.
one third cash may or may not be too much- it depends on what you're saving for. if it's really just to open a checking account, that's one thing. but as a student just starting out, an "emergency fund" isn't such a bad goal to have.
just some irrelevant thoughts in brooklyn :)
call me crazy, but why on the earth are you looking to open a checking-savings account with a $1300 minimum balance with only $3737 in savings? That effectively locks over 1/3 of your savings, and in order to access it in an emergency or otherwise, you would be taking at a minimum a monthly maintenance fee penalty. There are plenty of free checking and savings accounts out there with low to no minimum balance requirement and/or maint fees waved with direct deposit.
What are your plans for after graduation? Are you certain of being able to find a job or enter graduate school immediately? If not, having enough cash to cover at least a couple of months worth of living expenses is reasonable, even if that does end up being a fairly large percentage of your total assets at this point in your life. That's the strategy I'm following, anyway.
hi olga
Hope you're ok:)
Have you given up the blog?
Belated Happy New Year!
Hope you are ok Olga, as you haven't posted in quite a time.
Hi!
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