What a month it’s been…The market going up has definitely helped my bottom line this month. I had a bunch of expenses, like my trip to Vegas and my current trip for my friend’s wedding. Not to mention Brownie’s boarding expenses.
Next month’s expenses should be much less, wedding gifts and some gift purchasing for Christmas. If the stars align, meaning the markets go up, my spending stays down, then it should be a good month. November will probably be my next tough month.
| Assets | Aug-06 | Jul-06 | |
| Non-Retirement | |||
| Cash | $ 122,612.75 | $ 118,557.68 | |
| Investment (Stocks & Bonds) | $ 21,595.82 | $ 19,724.25 | |
| Subtotal | $ 144,208.57 | $ 138,281.93 | |
| Retirement | |||
| Subtotal | $ 102,750.14 | $ 100,329.18 | |
| Assets Subtotal | $ 246,958.71 | $ 238,611.11 | |
| Liabilities | |||
| Credit Cards | $ 32,386.02 | $ 31,584.77 | |
| Car Loan | $ - | $ - | |
| Liabilities Subtotal | $ 32,386.02 | $ 31,584.77 | |
| NET WORTH | $ 214,572.69 | $ 207,026.34 | |
| $ change vs previous month | $ 7,546.35 | $ 6,934.74 | |
| % change vs previous month | 3.65% | 3.47% | |
| 2006 goal % complete | 58.00% | 50.45% | |
| 2030 goal % complete | 8.58% | 8.28% | |
Kate
September 1, 2006 at 3:13 pm
I’m a fairly new reader and you may have covered this in the past, but I wonder why you haven’t paid off the credit cards since you have so much cash on hand. Regardless, you are doing a good job of getting where you are going financialy.
freedumb
September 1, 2006 at 9:52 pm
Hey Kate, Good question…all my balances that are not paid off in full every month are 0% balances. Dec/Jan will be when I pay off one credit card with about 12k of 0% balance remaining, and the rest will be paid off in Sept 07. You can read more here. I’ve done a few 0% balance transfers as you can see…I also use a 0% interest on purchases card that I only pay min monthly (that’s the 12k card) but only if my citi dividends or professional cards don’t offer 5 or 3% back, respectively.
charles
September 6, 2006 at 2:46 am
Being as young as you are, how is it that you have so much cash on hand? Was it through cashing out investments or via money savings only? I am 35 and am really looking to increase my struggling savings account. Thanks.
freedumb
September 6, 2006 at 2:40 pm
Charles,
I’ll respond to your question in a post.
Financial Freedumb and Brownie - A PF Blog » August Net Worth Question…
September 7, 2006 at 7:36 am
[...] freedumb on Net Worth 08.2006 [+$7,546.35, +3.65%] [...]
Matt
September 8, 2006 at 9:36 am
What are you holding your cash in? Do you have any worries about holding that much cash in an American dollar that is declining in value?
freedumb
September 8, 2006 at 12:28 pm
Matt, Most of my cash is in savings and CDs. Yes, I do have worries. It’s something I’ve been considering…I’m not quite sure what to do though to combat any possible severe decline in US dollar values. Do you have any recommendations? I may post about this later.
Investing In Foreign Currency. Help a Rookie Out… « Financial Freedumb and Brownie
June 20, 2011 at 1:05 pm
[...] considering Everbank.com, thanks to Frugal @ My 1st Million at 33. It’s also because of a comment I received from Matt, asking if I’m worried about the value of the US dollar, and to that I replied: Matt, Most of [...]