In Naked With Cash, seven anonymous Consumerism Commentary readers publicly track and analyze their finances on a monthly basis. For almost a decade, I tracked my own finances on Consumerism Commentary; now I’m sharing the benefits of public accountability with the participants. I’ve partnered with financial planners who will offer some guidance along the way. Read this introduction to learn more about the series.
Kathleen is thirty-one years old, single, and living in Portland, Oregon. She loves her job, even if it isn’t very lucrative. Since her income was $33,000 last year, she’s looking to make more money from “side hustles” (like her blog, Frugal Portland) this year. To learn more about Kathleen, read her bio. Kathleen is on Team Sara, with Certified Financial Planner Sara Stanich.
Kathleen’s report this month, below, includes Kathleen’s progress over the three months leading up to the end of July 2013. Following Kathleen’s own self-analysis, Sara Stanich will offer thoughts from her perspective.
Comments and analysis from Kathleen
Kathleen provided only her net worth report for the month of July.
Feedback from Sara Stanich, CFP
It’s great to see your numbers tick upward each month, Kathleen. Although the changes are small on a monthly basis, they really add up to a big change from a year ago. Nice!
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Feedback from Luke Landes
After asking the Naked With Cash participants for feedback about the series, I heard that at least some were interested in commentary from me. The experts generally cover everything, but I’ll add my thoughts as well.
It’s hard to know what went on with your finances during the month of July without some personal commentary, but considering your net worth is up 10% over the month, keep up the good work!