Wednesday, November 01, 2006

November Net Worth Snapshot...

Not a bad month, I'll take it. This month we find that our net worth has increased by $4,862.26 or 4.05%. And by the looks of it we probably could've done better if we tried. We spent more than the average on dining out. Not much out of the ordinary on this one. I noticed that our debt to load ratio is down almost 10% for the year. According to some experts, the debt-load ratio should be around 35%, and most of it should consist of the mortgage. Looks like it'll be a couple of years before we're there. The emergency fund is growing nicely, that'll come in handy with a baby on the way (due date April 25th). This is the another month with our net worth increasing over 4%, which is pretty nice. Climbing the ladder, slowly but surely...

4 comments:

G. said...

Good work!

Steven James said...

Hey, that was a good budgeting done done by you man. Congrats !!
Can you share with me a few budgeting tips as well as i am not able to manage my finances properly. I am currently referring to a Personal Budget Guide from bills.com which i am finding very useful. Would like to share it with you as well.

Regards,

Steven

Frank said...

Any particular reason you are sitting on $40,000 of cash?

John said...

G: Thanks
Frank: Yes, we're saving for a house.