Comments on: For the First Time in the History of This Blog, Our Net Worth Decreased http://www.bloggingawaydebt.com/2007/05/for-the-first-time-in-the-history-of-this-blog-our-net-worth-decreased/ Our Journey to a Debt-Free Life Sun, 21 Mar 2010 12:23:03 -0700 http://wordpress.org/?v=2.8.4 hourly 1 By: Blogging Away Debt » Blog Archive » Net Worth Update - Up $257.00 http://www.bloggingawaydebt.com/2007/05/for-the-first-time-in-the-history-of-this-blog-our-net-worth-decreased/comment-page-1/#comment-63081 Blogging Away Debt » Blog Archive » Net Worth Update - Up $257.00 Sun, 03 Jun 2007 03:38:36 +0000 http://www.bloggingawaydebt.com/2007/05/for-the-first-time-in-the-history-of-this-blog-our-net-worth-decreased/#comment-63081 [...] a huge increase in our net worth this month, but at least it’s not a decrease like last [...] [...] a huge increase in our net worth this month, but at least it’s not a decrease like last [...]

]]> By: Blogging Away Debt » Blog Archive » April 2007 - Definitely Not the Best Month We’ve Had http://www.bloggingawaydebt.com/2007/05/for-the-first-time-in-the-history-of-this-blog-our-net-worth-decreased/comment-page-1/#comment-49997 Blogging Away Debt » Blog Archive » April 2007 - Definitely Not the Best Month We’ve Had Tue, 22 May 2007 03:11:11 +0000 http://www.bloggingawaydebt.com/2007/05/for-the-first-time-in-the-history-of-this-blog-our-net-worth-decreased/#comment-49997 [...] was a rough month. It was the first month since starting this blog that our net worth decreased. By looking at the bottom line of this report, you can see why. We spent more than we [...] [...] was a rough month. It was the first month since starting this blog that our net worth decreased. By looking at the bottom line of this report, you can see why. We spent more than we [...]

]]> By: DCSmith http://www.bloggingawaydebt.com/2007/05/for-the-first-time-in-the-history-of-this-blog-our-net-worth-decreased/comment-page-1/#comment-38581 DCSmith Sat, 05 May 2007 15:06:42 +0000 http://www.bloggingawaydebt.com/2007/05/for-the-first-time-in-the-history-of-this-blog-our-net-worth-decreased/#comment-38581 I think the feeling is disappointment. You're not angry because there's really nobody to be angry at. It's not regret because you've done nothing you could do differently. You know it has to be this way, nothing really went "wrong" due to a mistake or something, you just wish it didn't have to be that way. You're disappointed. The thing is, this is one of those secrets of staying financially responsible. When you live based on how much more available credit you have, you really have nothing to lose because you don't have much effort put into gettng that money. It's just a few more bucks in minimum payment from a paycheck you don't even have yet. But when you've worked your @ss off to get some coin in the bank and then you have to spend it (especially on fun stuff like medical bills and taxes), you're disappointed that the balance has gone down instead of up. That disappointment is a very fine filter that any purchase, or worse (shudder) recurring cost, has to pass through before the debit card comes out. It's really a good tool to have around. So my vote is for disappointment. At least that's what I'm feeling after just authorizing my mechanic to go ahead with $1700 in car repairs. I think the feeling is disappointment.

You’re not angry because there’s really nobody to be angry at. It’s not regret because you’ve done nothing you could do differently. You know it has to be this way, nothing really went “wrong” due to a mistake or something, you just wish it didn’t have to be that way. You’re disappointed.

The thing is, this is one of those secrets of staying financially responsible. When you live based on how much more available credit you have, you really have nothing to lose because you don’t have much effort put into gettng that money. It’s just a few more bucks in minimum payment from a paycheck you don’t even have yet. But when you’ve worked your @ss off to get some coin in the bank and then you have to spend it (especially on fun stuff like medical bills and taxes), you’re disappointed that the balance has gone down instead of up.

That disappointment is a very fine filter that any purchase, or worse (shudder) recurring cost, has to pass through before the debit card comes out. It’s really a good tool to have around.

So my vote is for disappointment. At least that’s what I’m feeling after just authorizing my mechanic to go ahead with $1700 in car repairs.

]]> By: James http://www.bloggingawaydebt.com/2007/05/for-the-first-time-in-the-history-of-this-blog-our-net-worth-decreased/comment-page-1/#comment-38524 James Fri, 04 May 2007 21:05:20 +0000 http://www.bloggingawaydebt.com/2007/05/for-the-first-time-in-the-history-of-this-blog-our-net-worth-decreased/#comment-38524 Yeah, I'm with the other commenters. Some months are down months like that, but as long as you stay focused, you'll eventually meet your goals! Yeah, I’m with the other commenters. Some months are down months like that, but as long as you stay focused, you’ll eventually meet your goals!

]]> By: Jen http://www.bloggingawaydebt.com/2007/05/for-the-first-time-in-the-history-of-this-blog-our-net-worth-decreased/comment-page-1/#comment-38516 Jen Fri, 04 May 2007 18:09:43 +0000 http://www.bloggingawaydebt.com/2007/05/for-the-first-time-in-the-history-of-this-blog-our-net-worth-decreased/#comment-38516 You are attacking your debt the way you're supposed to take off a band-aid: hard and fast. Of course it hurts, but let's face it, you are nearing the 20K mark. There's no arguing with those kind of results!! I'd hate to come off as uncouth but...you kick ass! Remember that! You are attacking your debt the way you’re supposed to take off a band-aid: hard and fast. Of course it hurts, but let’s face it, you are nearing the 20K mark. There’s no arguing with those kind of results!! I’d hate to come off as uncouth but…you kick ass! Remember that!

]]> By: Tricia http://www.bloggingawaydebt.com/2007/05/for-the-first-time-in-the-history-of-this-blog-our-net-worth-decreased/comment-page-1/#comment-38507 Tricia Fri, 04 May 2007 13:55:30 +0000 http://www.bloggingawaydebt.com/2007/05/for-the-first-time-in-the-history-of-this-blog-our-net-worth-decreased/#comment-38507 danielle - yes, it did go down a little :) Seth - excellent point! danielle – yes, it did go down a little :)

Seth – excellent point!

]]> By: Seth http://www.bloggingawaydebt.com/2007/05/for-the-first-time-in-the-history-of-this-blog-our-net-worth-decreased/comment-page-1/#comment-38506 Seth Fri, 04 May 2007 13:46:43 +0000 http://www.bloggingawaydebt.com/2007/05/for-the-first-time-in-the-history-of-this-blog-our-net-worth-decreased/#comment-38506 The reason your Net Worth went down this month is because you paid your taxes, which you have owed for a while now. So technically it was a debt that wasn't accounted for in your Net Worth. If they had been all along then this month your Net Worth would have increased just like all the other months by the elimination of your taxes debt! Keep up the good work!! The reason your Net Worth went down this month is because you paid your taxes, which you have owed for a while now. So technically it was a debt that wasn’t accounted for in your Net Worth. If they had been all along then this month your Net Worth would have increased just like all the other months by the elimination of your taxes debt! Keep up the good work!!

]]> By: danielle http://www.bloggingawaydebt.com/2007/05/for-the-first-time-in-the-history-of-this-blog-our-net-worth-decreased/comment-page-1/#comment-38502 danielle Fri, 04 May 2007 13:04:51 +0000 http://www.bloggingawaydebt.com/2007/05/for-the-first-time-in-the-history-of-this-blog-our-net-worth-decreased/#comment-38502 Also, I noticed that a few hundred dollars disappeared from the credit card debt at the top of this page. Congrats on that. Set small goals- maybe first, set the goal to get through this rough patch, and then the next goal can be to break 20k. Good luck Also, I noticed that a few hundred dollars disappeared from the credit card debt at the top of this page. Congrats on that. Set small goals- maybe first, set the goal to get through this rough patch, and then the next goal can be to break 20k.
Good luck

]]> By: AKB http://www.bloggingawaydebt.com/2007/05/for-the-first-time-in-the-history-of-this-blog-our-net-worth-decreased/comment-page-1/#comment-38500 AKB Fri, 04 May 2007 12:29:16 +0000 http://www.bloggingawaydebt.com/2007/05/for-the-first-time-in-the-history-of-this-blog-our-net-worth-decreased/#comment-38500 April hit me for a loop too but if I ground myslef i May, hopefuly by August, I'll feel like I am doing some good. Check out my progress... AKB April hit me for a loop too but if I ground myslef i May, hopefuly by August, I’ll feel like I am doing some good. Check out my progress…

AKB

]]> By: Matt http://www.bloggingawaydebt.com/2007/05/for-the-first-time-in-the-history-of-this-blog-our-net-worth-decreased/comment-page-1/#comment-38495 Matt Fri, 04 May 2007 11:36:13 +0000 http://www.bloggingawaydebt.com/2007/05/for-the-first-time-in-the-history-of-this-blog-our-net-worth-decreased/#comment-38495 I've had those bumps come up myself but I haven't made nearly as much progress to getting out of debt and attaining any real wealth. You should be proud of your success and not let it derail your progress or discourage you. I’ve had those bumps come up myself but I haven’t made nearly as much progress to getting out of debt and attaining any real wealth. You should be proud of your success and not let it derail your progress or discourage you.

]]> By: jean http://www.bloggingawaydebt.com/2007/05/for-the-first-time-in-the-history-of-this-blog-our-net-worth-decreased/comment-page-1/#comment-38476 jean Fri, 04 May 2007 07:28:04 +0000 http://www.bloggingawaydebt.com/2007/05/for-the-first-time-in-the-history-of-this-blog-our-net-worth-decreased/#comment-38476 You should feel GREAT about the progress you have made. Positive energy creates more positive energy! Keep it going!!!! You should feel GREAT about the progress you have made. Positive energy creates more positive energy! Keep it going!!!!

]]> By: Flexo http://www.bloggingawaydebt.com/2007/05/for-the-first-time-in-the-history-of-this-blog-our-net-worth-decreased/comment-page-1/#comment-38465 Flexo Fri, 04 May 2007 04:05:29 +0000 http://www.bloggingawaydebt.com/2007/05/for-the-first-time-in-the-history-of-this-blog-our-net-worth-decreased/#comment-38465 These things happen, and I'm sure you know a decrease one month doesn't mean you're on the wrong path... And you have great success to celebrate as the debt continues to disappear! I'm glad you're getting some much needed sleep after your stressful week. I could use some as well! These things happen, and I’m sure you know a decrease one month doesn’t mean you’re on the wrong path… And you have great success to celebrate as the debt continues to disappear!

I’m glad you’re getting some much needed sleep after your stressful week. I could use some as well!

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