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 🙂