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Net Worth as of 4/30/06: $-52,015

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NOTE: Since originally publishing this post, I had to update my net worth. Something I thought was a loan (and I paid) ended up being a gift. For the new net worth as of 4/30/06, please see my post here. Thanks 🙂

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Wow, April was a great month and my Net Worth increased to $-52,015. Most of that is due to my tax refunds and using it all towards debt. It is getting so close to being only 50 grand in the hole. I love that little graphic from networthiq.com. It is such a “mood-booster” seeing that line shoot up.

As I mentioned a few days ago, I had a sizable loan reappear that I had forgotten about. I’d be lieing if I said I wasn’t a little bummed about that. I really was looking forward to paying off more of my debt with that money. But, now all personal loans from family have been paid off and all concentration will be on the credit cards.

I did have my reports ready a few days ago to update in My Progress to Date post but then that family loan reappeared. I am hoping to get new reports ready this evening. Stay tuned 🙂


I’ve Joined the No Credit Needed Network

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I believe a big part of keeping motivated to become debt-free is to find others in similar situations and to stick together and support each other. It turns out, there is a great website out there offering such a place and I have recently joined the No Credit Needed Network.

Come on over and check it out. Some are fighting debt, others are keeping track of their savings and a few are even tracking their progress with losing weight (as Mighty Bargain Hunter pointed out – losing debt is a lot like losing weight).

A thanks to everyone at the NCN Network for welcoming me over there 🙂