March Net Worth Update +6.40%

March ended up being a very good month for us in terms of net worth. We were able to increase our savings significantly and I had to hold a large amount in our checking account to pay our health insurance bill this month ($800). The end result was an increase of 6.4% and our net worth now sits at a negative $33,791.

When we hit a net worth of $0 I think we should have a party

To see how all of our debt breaks down (since I only focus on the credit card debt on this blog right now), please check out my NetWorth IQ Profile.

UPDATE 4/11/07: With our health insurance, it is a little over $400/month. But, I have to pay it every two months, so my payment is a little over $800 every two months (that’s why it says $800 up there). Thanks to the reader that brought this to my attention

Posted by Tricia on April 3, 2007 at 10:24 AM in Net Worth | 8 Comments »
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Henry @ Binary Dollar responded:
Posted: April 3rd, 2007 at 12:02 pm
P A R T Why? Because I gotta!
Jen responded:
Posted: April 3rd, 2007 at 12:54 pm
Yay! And I agree – a party is in order when you hit $0.
:: travellingcari.com :: : Backpackers as a Community of Strangers responded:
Posted: April 3rd, 2007 at 1:42 pm
[...] unrelated note, Networth IQ: track, share and compare net worth. I just signed up for it after reading about itÂ Â and it seems interesting to play with. I already have an idea of the figures from Quicken but I [...]
Steven responded:
Posted: April 3rd, 2007 at 7:18 pm
Congratulations! I’m happy that you are closer to being free from debt. It helps motivate me to do the same.
NetworthIQ Blog » Blog Archive » Net worth roundup part 2 responded:
Posted: April 4th, 2007 at 12:10 am
[...] (NetworthIQ Profile) has another good month and is beginning to think a $0 net worth milestone party, I hope we’re invited [...]
philskaren responded:
Posted: April 11th, 2007 at 8:33 pm
I can’t help but gasp when I read that you pay $800 a month for health insurance. Now I don’t know how big your family is or what kind of conditions/coverage you have, but wow, what a lot of money to spend every month. I’m not even aware if that is a normal monthly premium, actually. I found a great private insurance rate on ehealthinsurance.com or something like that. I am sure you have the best deal you can, but I just wanted to mention it just in case. My husband and I save about 100-200 dollars a month that way instead of going through his company.

BTW, congrats on the networth increase!
Tricia responded:
Posted: April 11th, 2007 at 8:43 pm
philskaren – the $800 is for every two months (unfortunately they won’t bill monthly for it) and it is for a family plan (my husband, my son and myself). I shopped through ehealthinsurance.com. I could have went with a cheaper plan with a different company. In the end I ended up going with Blue Cross/Blue Shield of MI because I’ve had that insurance through them many years ago and I’ve had good experiences with them. They also cover delivery which the other plans wouldn’t unless you paid a lot extra and waited two years.

After re-reading it up there, it does sound like $800/month. I’ll have to add a note.
philskaren responded:
Posted: April 12th, 2007 at 10:06 am
Yes, that clarifies it a lot! $400/month for 3 people with decent coverage is actually really pretty good.