Sunday, September 03, 2006

September Net Worth Snapshot...

It was truly a fight last month between saving and spending. It was close, but saving wins the month! Saving needed some help by the extra paycheck for the month, and some overtime, but it stands victorious this round. Our net worth increased $4,063.06 to $113,594.65 or 3.71%. I was expecting a better number due to the extra payweek, no car insurance premium this month, and my wifes cell phone bill to be paid by her new job. But she won't be reimbursed for that until this week, so that's a little over $250 out of our pockets for now. The cell phone plan has been adjusted, and should only be around $80 for the month..and paid by her employer. The overall net worth has also been helped by the market improvement, with slight increases in all of our retriement funds. If you noticed the wifes fund sitting still for the past several months, it's because with her prevous job she had to be employed for a year before being able to roll it over and start contributions again. Now that she has recently started a new new job, we'll have to wait a little longer. If you notice, we have plenty of cash along with plenty of debt, i.e. auto and student loans. It's because we're saving for a house. We moved into a condo 2 years ago with the intentions of saving and buying a house in about 5-7 years. And between having a 5-1 ARM mortgage loan, not living in an area we're used to, living on the first floor of a 3 floor building condo, we're pretty motivated! Don't be fooled by the credit card debt, it's paid off on time, every month..no finance charges. We use the cards for pretty much any type of expenditure, from a pack of gum, to groceries, to car repairs. It helps pay for entertainment expenses like, movie rentals, movie theater visits, and some cash gift cards here and there. Slowly but surely, climbing the financial ladder...

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