Assets:
- Rental Property - $137,000.00
- Primary Home - $196,000.00
- Car - $19,500.00
- Retirement - $40,341.12
- Cash (checking and savings) - $37,335.88
- Brokerage - $3276.40
Total Assets: $443,453.40 - increase of 0.61%
Liabilities:
- Rental Property Mortgage - $149,352.80
- Primary Home Mortgage - $182,523.00
- Car Loan - $23,910.68
- Student Loan - $22,500.00
- Credit Cards - $119.70
Total Liabilities: $378,406.18 - decrease of -0.22%
Net Worth: $65,047.22, increase from prior month 5.77%
Monthly Recap:
- Finally, the first positive month of 2008.
- Credit card debt is all from this month and will be paid in full next month.
- By keeping my spending in check, I was able to keep my February expenses significantly less than income.
Looking Ahead:
- March income will be boosted by a state tax refund (more on that in another post).
- Irregular expenses: Homeowners insurance bill due.
How did my friends do?
February 2008 Site and Net Worth Review from Moolanomy
February 2008 Net Worth Update from My Dollar Plan
Net Worth Update - After becoming debt free from DebtFree Revolution
Related Posts:
Just curious why you have so much in savings instead of putting it on your mortgage. Do you have a really good savings rate?
It looks like you are doing great at 30. If your living expenses for 6 months is less than your savings in the bank, you may want to put some where the interest rate is higher than the bank interest.
Finally, the first positive month of 2008.
Well, it's only the SECOND month of 2008. LOL
Congrats on the growth!