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Net Worth for April 2007 ... $17,700

May 3rd, 2007 at 07:25 pm

http://www.networthiq.com/people/ArmyAmy/2007/04

Arggghh... After paying down the credit cards by $500 this month, I proceeded to charge $700 on them. There were some unexpected expenses, some unexpected visits from inlaws, and some unexpected furniture purchases...all put on the plastic. While we do have an emergency cushion, none of these purchases really counted as emergencies...so we charged them? I really can't explain my logic behind this saving beyond our means, but just because you can't explain something, doesn't mean it's wrong. Take gravity for instance...

4 Responses to “Net Worth for April 2007 ... $17,700”

  1. Mulyanto Says:

    Did you know you can put your Net Worth IQ graph on your page? By the way, there's nothing wrong with charging your creditcard, as long as you pay the full balance at the end of the month. I see my credit card as a interest free 1 month loan. Since you have all that cash, why don't you pay off your credit card balance?

  2. armyamy Says:

    I don't know why we don't. I guess that money is ear-marked as long-term savings, and if I used it to pay off the old credit cards then we would have less saved. I don't know if that's a good game-plan or not, but since most of the cc debt is at 0% for the next year, I'm going stick with it til then. Smile

    Oh and I didn't know about the graph! Thanks!

  3. Amber Says:

    I agree with Mulyanto, make sure you pay the bill in full next month..thanks for the tip as well in regards to the graph

  4. disneysteve Says:

    What exactly is an unexpected furniture purchase?

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