Today is the day that I usually do my weekly budget and Networth updates. Sometimes, I get a little obsessive and update it 2-3 times a week.

While updating the numbers tonight, I realized that I have hit my 2007 Networth goal of $65,000. Right now, the number is actually sitting at $65,334.43 to be exact. I'm happy about it but I will not celebrate until the end of the month. With the wild swings in the market, I could exceed my goal or fall way short. Right now, it's just too close to call.

Income
I've received my last paycheck of the year (will go into my account on Thursday). I've received my bonus (more on the distribution in another post), the payment from the insurance company of the party that rear-ended my car last month and the December rent from my tenant. I am not expecting any more income this month.

Expenses
All the major expenses have been paid for the month (mortgages, car payment). I still have a few utility bills left and my homeowners association fees. This will be less than $500. I'm almost done with my holiday shopping but that money had already been saved and accounted for.

I'm keeping my fingers crossed that the stock market stays in the green. If the stock market is good to me, I'll be good to the stock market by feeding it more money (investing).

This post sponsored by: Discover More Card "More ways to earn cash than anyone else."

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8 comments

  1. RacerX // December 18, 2007 at 11:40 PM  

    Congratulations!

    You ahve come a long way and should be proud of achieving this milestone!

    Keep up the great work!

  2. Chitown // December 19, 2007 at 9:56 AM  

    Congratulations!!!

    Keep up the good work!

  3. Blubba // December 20, 2007 at 8:54 PM  

    Congratulations and good luck over the next week on the stock-market. Since we both live in Hotlanta, have you ever thought of the TMA's commuter rewards system as a way to reduce the costs of a car and maybe make/save some more money? Of course, it only works, if mass transit is really an option based on where you live and work.

  4. SingleGuyMoney // December 21, 2007 at 7:55 AM  

    *ALL: Thanks for the comments and reading my blog.

    *blubba: I drive a company car so I do not pay for gas. Unfortunately, I got the company car AFTER I bought my car. Right now, my mother is using my car.

  5. A // December 24, 2007 at 1:48 PM  

    Congrats, Single Guy! I love posts like this, its really inspiring. Best wishes for 2008 :)

  6. ylfoo // December 25, 2007 at 12:27 AM  

    Sweet ending for 2007 for achieving your finanical goals.

    Great job inspiring the rest of us to keep track our personal goals as well.

    Keep up the wonderful job and looks forward to your posts in 2008!

  7. SingleGuyMoney // December 25, 2007 at 8:13 PM  

    *A and ylfoo: Glad to be an inspiration to you guys. Thanks for reading my blog.

  8. 4Life // December 27, 2007 at 2:17 PM  

    Congratulations on reaching your goal.

    Best Wishes,
    Dividends4Life