Sunday, November 02, 2008

November Net Worth...

It's been quite a while since I've compiled and posted our net worth. You can view the details by clicking on the picture on the left. Cash savings has gone way down due to the new home down payment and upgrades done to the house. We were lucky enough to get a 10k check as a gift from the wife's relative. That helped cushion the blow.

Naturally the market is way down, as well as the retirement funds. Our house was professionally appraised at 96k more than we paid for it. And according to Zillow, it's worth much more than that. So based on that, I'm keeping the appraisal value. The cars I'm keeping till' the end of the year, until I re-appraise them using the current bluebook value guide.

Overall our debt has gone down. A car loan will go away in a couple of months. That will save us about 265 bucks a month, and a little over 3k a year. Overall, thanks to a home that has over 20% equity, and more valuable than paid for, it's a good net worth. Climbing the financial ladder slowly but surely...

Wednesday, October 29, 2008

Long time, no see...

Looks like it's been about 6 months since I've updated my blog. Long time, no see. A lot has happened in that span of time. Like I mentioned in my last post, we were trying to sell our condo and buy a house. Everything went better than planned for the most part. We started the process of buying a home before putting our condo on the market. Then we put our condo on the market, and got a bid within the first week.
The process of selling the condo was smooth, but buying the house wasn't. We bought a fixer upper in a nice area of our county. The schools are top notch, but so are the taxes :-( It's a small ranch which was appraised for $96,000 more than we paid for it. That was a nice surprise. After sinking about 40k, the place looks much better. It was for things like anew roof, new siding, windows, hardwood floors, driveway, patio deck, and other various building materials.
We were lucky enough to have handy relatives on the wife's side of the family. Much money was saved with the help of them. Now we're just trying to stop the hemorrhaging of money. We were pretty loose with expenses for the past several months. We in the process of tightening our belts so to speak. It feels good to have our own property to run around on, about a quarter of an acre....

Wednesday, April 30, 2008

Another year, another raise...

It's that time of year again. I recently received my good performance review, and an average raise, 3.0%. That's the same as last year. But I've found that last years inflation rate was 2.85%, so I suppose I'm a bit ahead of the game. Though with the value of the dollar plunging, I'm not sure how that affects our finances of today compared to last year. We're in the process of buying a house and trying to sell our condo, so the timing is pretty decent. We'll be carrying both mortgages, so everylittle bit helps...

Friday, April 04, 2008

April Net Worth Report...

It's been awhile since I've posted, so here goes. It's about that time of the month again to compile our net worth, Yaaaay, whoo hoo! You can view a detailed report of our net worth by clicking on the pic on your left.

It seems our net worth has increased by almost 20k since our last post in October of 07'. That's approximately a 3k per month advancement, not bad. We're still saving for a house, so our cash accounts are still large and growing. We're in the process of searching for a home now though.

Uh, let's see. We moved my wife's 401k account at her old job into a traditional IRA. We got bit for that one, she was fully vested, so they took back the company match, lost a little over 2k. My company retirement plan was closed and that money was put into my 401k. That's going to be a lot better since the retirement plan was a basic savings account, it'll do much better where it is now.

I'm keeping the house, car, and personal property assessments the same since they pretty much haven't changed. Nothing new to report with credit cards, they're paid off on time every month, and our other debts are slowing getting paid. That's it in a nutshell. We've been fairly conservative with our spending the past several months, but also fairly liberal on spending. Slowly but surely, climbing the financial ladder...