Assets:

  • Rental Property - $137,000
  • Primary Residence - $193,000
  • Car - $29,500
  • Retirement - $41,295.44
  • Cash (checking, savings) - $41,954.71
  • Brokerage - $3477.52

Total Assets: $453,758.37

Liabilities:

  • Rental Property Mortgage - $150,664.80
  • Primary Home Mortgage -$183,672.29 (1st and 2nd mortgage)
  • Car Loan - $25,976.31
  • Student Loan - $22,223.81
  • Credit Cards - $11,061.08

Total Liabilities: $393,598.29

Net Worth: $60,160.08; increase of 6.13% since August

Comments:

September was another good month due to gains in the market and keeping my spending under control. I was able to come in under budget again this month by over $150. Next month, I plan to decrease expenses even more by not making unnecessary purchases and eating out less. I need to save money for an upcoming trip to the Grand Canyon next month.

Debt continues to decrease. Credit card debt is as follows: $3300 at 0%, $7647.23 at 2.9% for life and $113.85 in current months charges to be paid in full next month. I plan to knock out the remainder of my credit card debt in December and then start knocking out the car loan balance.

2 comments

  1. Hustler // October 6, 2007 at 9:00 AM  

    where are you keeping your cash? What interest rate?

  2. SingleGuyMoney // October 6, 2007 at 12:16 PM  

    I had my money in ING Electric Orange at 5.25%. I then moved to Bank of America when I heard about the MyExpression banking with the great rates. Sadly, they dropped shortly after.