Net Worth
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“Net Worth” Archive
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June was a tough month. We were only able to increase our net worth by 1.33% ($338). Even though it wasn’t our best month, I am still very happy with it. After all, our net worth broke the negative $25K mark and it now sits at $24,995.
As always, you can see all of the numbers on my NetWorthIQ profile.
July will be an interesting month because we spent some money to go visit our relatives. We’ll have to wait and see what the rest of July brings. But I know one thing - the money we spent on that trip was well worth it. It is very difficult to live so far from our families. I have more to say about that tomorrow.
May ended up being a great month for our net worth. We had some help, though, with our economic stimulus payment. All of that ($1,500) went straight towards our debt 
I’ll probably be posting our May spending this weekend and we’ll review more things that enabled us to increase our net worth last month. I can tell you right now that our income was a big help. It was higher than normal again in May.
To see our complete net worth, you can always check out our NetWorthIQ.com profile.
This month will probably be a little interesting. I believe there will be an increase in our net worth but not as much as the last two months because our income will be more “normal.” The plan for June is to continue beefing up our savings account balance. Our debt reduction will stall for a little bit, but that’s okay. We’re still on track for meeting our debt-payoff goal date (May of 2009).
Speaking of goals, back at the end of 2007 I listed a few an update a little while ago. As of today, we have paid off $8,100! Woohoo! We are way ahead of schedule 
Wow! April has been an awesome month for us. If we had months like April every month, we’d be debt free in no time. In all, we were able to pay down our credit card debt by $2,300.
Some of you may be wondering how April ended up being such a great month. Here are the unusual things that happened in April:
- My husband sold an expensive piece of old business equipment.
- I sold a year’s worth of advertising on here and received an upfront payment.
- I worked overtime for extra money.
Combine the above with the normal money we have been contributing on a monthly basis and we paid off our debt by $2,300. I am still amazed how everything added up. I want every month to be April!!
With that, our net worth now stands at ($27,616). As always, you can see the whole picture at my NetWorthIQ profile.
May should be a great month too if we get our economic stimulus payment as scheduled. But I’m not holding out for it. If we manage to have the money to bring our credit card debt under the $10K amount, I am going to do it the first chance we get
March ended up being a great month and our net worth increased 2.4%. It now stands at a negative $30,443.
There’s still a long way until we have a net worth of zero, but things are definitely looking better than when we first started reducing our debt. Back then, our net worth was a negative $55,696!
As always, you can look at the whole picture of our net worth by visiting my NetWorth IQ profile.
I am on the ball this month with a timely update for our net worth. I knew it would be a very nice update with the money we have been able to pay towards our debt lately. I couldn’t wait to plug the numbers into NetWorthIQ so I did it first thing this morning.
As of the end of February, our net worth is now at a -$31,193. We were able to increase it by 5.87%. I am pretty darn happy with this increase. It is the largest monthly increase we have had so far.
As always, you can see how everything is spread out in my NetWorthIQ profile. I stay focused on our credit card debt on here, but we do have some lingering student loans and we have our mortgage.
We’ll see how we do for next month’s update. I’m still in that state of mind
For the end of January, I am happy with how we did. Heck, I’m happy whenever we have an increase in our net worth! That means that we are still getting somewhere. We even broke below the $30,000 mark with our student loans. I don’t really talk about them much, but they are still there and we are only paying the minimum on those. To see all of our debt, you can always check my NetWorthIQ profile.
I was thinking about something today. There are only fifteen months between now and our goal date of May of 2009. While I still have some hope that we will be able to meet that date, I have to be a little realistic here. It will be very difficult to pay close to $1,100/month towards our credit card debt. Last month, we were able to come close to that, but that was cutting things close.
In fifteen months, a lot could happen that could help or hinder our debt reduction. I hope that things happen that will help it. But right now I am feeling a tinge of pessimism. $1,100/month is a lot to ask right now. I guess it is only a goal after all, and there’s no harm in not reaching it.
But I do want to make it. If anything, just to have a goal that was reached. So I’m not giving up just yet.
I was able to get the final numbers on our savings accounts, and we ended up having a very nice December and we ended the year with a net worth of negative $33,947 (an increase of 6.7%).
Looking at our little graph at NetWorth IQ, we can see that we have almost rebounded from our setbacks earlier in the year.
With everything that December brings with increased heating costs and Christmas, I am pleased with how we did.
About This Site
Credit Card Debt
- Starting = $37,614
- Paid Off = $28,882
- Current = $8,732
- $25 ING Savings Bonus
Savings Account
- Current = $4,000
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