“Net Worth” Archive

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March Net Worth Update – Up 2.4%

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.

Posted by Tricia on April 2, 2008 at 9:37 PM in Net Worth | 3 Comments »
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Net Worth Update – Up 5.87%

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

Posted by Tricia on March 1, 2008 at 8:44 AM in Net Worth | 18 Comments »
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January Net Worth Update – Up 2.39%

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.

Posted by Tricia on February 3, 2008 at 5:59 PM in Net Worth | 15 Comments »
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End of 2007 Net Worth Update – Up 6.7%

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.

Posted by Tricia on January 2, 2008 at 10:15 PM in Net Worth | 5 Comments »
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Net Worth Update – Up 6.91%

November was a great month for our Net Worth. With fully funding our emergency fund and paying off half of our credit card debt, this month ended up being our biggest net worth increase in some time.

Right now it stands at negative $36,384.

If you take a look at my NetWorth IQ profile, you’ll notice that it looks like my student loan balance increased. It didn’t increase – I found an error with how I previously entered my student loan payment. I switched the interest paid and the amount paid to the principal balance. So, it will be another month before we get those loans under $30,000.

Overall, though, I am very pleased. As long as our net worth keeps increasing, that means that we are spending less than we earn.

A new debt total is coming up the next chance I get. Thanks again to those helping out with guest posts while I’m a little swamped with life!

Posted by Tricia on December 8, 2007 at 9:53 AM in Net Worth | 8 Comments »
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October Net Worth Update – Up 1.37%

Another month and another net worth update. Again, I am thankful that our net worth is increasing this month. It is a modest increase of 1.37% that brings out net worth to a negative $39,083.

As a sidenote, we are very close to reaching another little milestone. While I don’t actively blog about our non-credit card debt, I still track it through my NetWorth IQ profile. We are very close to reaching a milestone with our student loans. After next month, they will be under the $30,000 mark. Yay!

At any time, you can see all of our debt and view our detailed net worth by checking out my net worth profile at NetWorth IQ.

If you look at my net worth profile, you might want to look at the top advertising banner. I caught an ad for Pinecone Research there. They pay $5 for each survey you do and are very legit. I get about 1-3 surveys/month and I have always received my checks.

Posted by Tricia on November 3, 2007 at 11:04 PM in Net Worth | 5 Comments »
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September Net Worth Update – Up 3.36%

September ended up being a great month for our net worth. It increased 3.36% and it now stands at a negative $39,625.

As always, you can visit my NetWorth IQ Profile to see all of our debts since I only track credit card debt on here. I also keep track of our savings account balance under the “Other” asset category.

I am very pleased with this increase, although I know a bit of it is short-lived. A big reason our cash is so high is because of a health insurance payment of over $800 (it’s due every two months). But even if that money wasn’t included, we’d still have an increase in our net worth for the month.

I often think a month is going to be a tough month, but then somehow things work out. Sure, we’ve had a few months where our net worth decreased, but overall it’s been moving up…up…up. It feels wonderful.

In fact, it feels so good that I want to show the debt monster a thing or two. There’s still that goal of getting our credit card debt under $20,000. Time to review our cash flow to see what I can do