Our debts keep going down and our assets keep going up...what more can a person ask for? I always felt like some of the things we did were not understood by our friends, but I feel good about the choices and sacrifices we've made along the way.
Viewing the 'Net Worth' Category
Our networth over the past year and a half has been steadily increasing. This will soon end as I go back to college and try to pay for that in installment payments instead of saving $1,000 a month for our future house. I still want to take out a student loan but haven't applied or had a chance to research it. School starts soon, and that first installment payment for tuition is coming up. It will be almost $2,000 due on August 20th...yikes! College truely is expensive.
I promised to post our networth on the 1st of every month, but this month has been pretty hectic and I've not been online lately. But here it is! I took everyone's advice to pay off the high interest cards before they got out of control, and next will be tackling the 0% interest card...afterall that 0% won't last forever!
19 months of saving money. House down payment here we come!
I edited our net worth to put in the exact figures and that raised it a little. It's going to change dramaticaly tommorow or so when I pay a couple thousand dollars on our credit card bills, thanks to the advice of everyone on here!
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...
Hey thanks YOUCANDOIT for the link to the Net Worth IQ website...
I don't count our cars or personal property in figuring our net worth...maybe i would if they were worth more. Anyways the only thing I don't like about the networth website is that they list "cash" as a column, and that's where I wound up putting what we have in our savings account since there was no column for "Savings account".
Our networth is currently $16,400. Not bad if I do say so myself. That's 16 months of hardcore savings!!
Oh I noticed on some other people's blogs that they periodically post their net worth and how they are doing compared to last month's net worth. I think that's awesome! So few people in the "real world" (the land outside of computers) will tell even their friends what their net worth is, and here on personal finance blogs folks offer up their progress and goals to anyone who wants to read! How cool is that?
Well, I think I shall make this a monthly column and update it on the 1st of each month. I wish I could be like some of the people on here (like Ima Saver who is my blogging idol!) and post daily, but I guess once every few days isn't too bad...