Welcome, new readers! Please check out the "about" pages linked up top, and please help me reach my goal of an undetermined number of feed readers by an undetermined date by subscribing!

Debt Sucks 2012 Year End Net Worth and Shit

January 12, 2013 · 16 comments

2012 was a miserable failure of a year, so this is going to be short and uninteresting.

Money Numbers

  • Debt service - $10,141.70 (down 35% from 2011)
  • Debt reduction - $9,618.18 (down 35%)
  • Spending money – $11,233.76 (up 68%)
  • Total take home income – $30,555.21 (up 18%, actually down $400 if ignoring life insurance check)

spendingCat2012

Blog Numbers

Everything down 25%, pretty much.

Goal Failings

  • Reduce debt 50% – yeah, no, try 32%. Currently projected to miss my debt-free goal by 4 months.
  • $3,000 emergency fund – The one thing I managed to achieve, through no fault of my own. I had it up to around $1,500 when my mom died, so I made it a nice round 5k with that. I’ve since needed to tap in to it a few times (brick through a windshield, new fuel pump), but it’s still above 4k.
  • Run a 6:30 mile – Apparently I only went on one run all year, and did an amazing 9:14 mile. After that, I just stuck to cycling and put about 500 miles on my new bike (which is now hibernating for the winter).
  • Junk out – I did make significant improvements to the attic and shed, but my office is permanently in a state of disarray.
  • $10,000 side hustle income – I put zero effort in to this, ended up at $2,375.
  • Half hour daily Japanese  – I think I did a half hour all year.

Well, that’s about enough of that. No goals for 2013. I’m out for a bit.

Did you enjoy this article? Please subscribe to Debt Sucks for superior enjoyability!

{ 16 comments… read them below or add one }

Jane Savers @ The Money Puzzle January 12, 2013 at 1705

How did you make just over 2 grand with your side hustle? I need to increase my income and I can’t do it at my regular job.

I am considering part-time work but I would prefer to do some sort of flexible time work at home because my job is not regular business hours.

Reply

Jake January 12, 2013 at 1907

It was all blog income, from this blog. The 10k goal came from the idea that I would go gung-ho on this blog last year, as well as get working on a few more domain names for blogs that I have laying around. It *was* doable, but obviously I didn’t do *anything*.

Reply

Jane Savers @ The Money Puzzle January 12, 2013 at 2041

I have been blogging for few months and I have a very small readership and my goal is to have it grow in 2013. I think if there is any money to be made it won’t be until 2014. Readership takes years to build. I would be happy if both my children read my blog instead of just one.

Reply

Jake January 13, 2013 at 1753

Hey, we all started somewhere. Good luck.

Reply

Jeremy January 19, 2013 at 1635

Hey Jake,

The update is sad, but thanks for doing it. I’ve been checking into your page for about 6 months. Anytime I see crazy goals like “study a half hour of japanese every day” I always think it’s a bit much. There should be no guilt or shame in missing that one. If you want to achieve goals, set up systems that more or less force you to achieve them, without having to put in the effort. If you like anime or japanese movies, start watching them without the subtitles and see how much you can pick up, for instance. It feels less like banging your head against a wall than the usual methods.

I like your blog because, unlike most other personal finance blogs, you are dealing with an average American income. Keep us updated!

Reply

Fred@Foxy Finance January 31, 2013 at 0335

I am sorry to hear you are upset about not reaching all of your goals, I suggest starting with just 1 goal at a time and then only add a new one when you can consistently hit your previous one!

Reply

JudyC February 10, 2013 at 1613

I am sorry to read you are so disappointed with 2012. I think you are depressed about your mother. My parents both died within 9 months of each other, and I felt the same way you wrote about your 2012 year. Things will get better and you will begin to care about your financial and personal goals again. (I’m not a doctor!, just expressing an opinion.)

Reply

Jake February 11, 2013 at 0216

My depression goes back long, long before my mom ever got sick. I wrote a post about it (early?) last year, dunno if you got to read it before I made it private. It’s just been spiraling out of control the past couple of years. Been wanting to call the doctor for about a year now, just haven’t been able to.

Sometimes I wonder what my life would be like had all this been caught and figured out 10 years ago.

Reply

JudyC February 11, 2013 at 1051

My father was very depressed when Mum passed. We didn’t know what to do, but a friend suggested we call his doctor. He ended up getting some medicine and actually laughed a few times. But, his heart had been damaged (in more ways than one) and he passed away suddenly after a couple of weeks. I was so glad he got to laugh again. Anyways, there are some medicines that help and don’t make you loopy. Please think about calling the doctor.

Reply

JudyC February 10, 2013 at 1616

Sorry, forgot to mention that I have been reading your blog for probably at least 3 years, if not more. I found it on a wheresgeorge bill. So, remembering how you used to blog, and how you are blogging now influenced my opinion.

Reply

Jake February 11, 2013 at 0213

Closer to 4, your first comment said you had been reading for a few months :-P

Reply

Mike March 3, 2013 at 2032

I wouldn’t be too hard on yourself Jake. You have to have some defined achievable goals in order to strive for something. If you never set a goal, you never take the first step and have even less incentive to make changes to doing the same things you have always done.
Whats that old line…better to try and fail then never try at all?

I miss projected goals and targets all the time but if I take something away from attempting those then its not a complete waste of time.

Reply

KC @ genxfinance April 9, 2013 at 0451

Sorry to hear that you fall short on reaching your goals for 2012. They’re right. Don’t be too hard on yourself. It’s a new year and it means that you have another opportunity to reach them. It can be disheartening, I know. But don’t give up. You can do it.

Reply

Craig Kingston April 9, 2013 at 1916

Does writing the results on this blog help motivate you? Is that why you did it? It seems to me that you did do some positive things in 2012 in spite of losing your mother, which is very sad. If you are only 4 months behind on your goal to be debt free, you’re a lot better off than so many other people! Celebrate your successes and set some goals for this year. You sound like you might just be able to pull off some bigger successes.

Reply

Free Money Minute April 15, 2013 at 1434

Are you still blogging? The last post I see on the site is from January. If you are doing so well, why did you stop posting? Are you working on another site or did something come up? Just curious to know.

Reply

Rich Uncle EL July 15, 2013 at 1431

YEah I noticed that as well, last post in January. Good luck with the debt otherwise, as it is a total drag.

Reply

Leave a Comment

Previous post:

Next post: