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.
where are you keeping your cash? What interest rate?
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.