Monthly Results
July 1, 2008 @ 5:59 pmJune 2008
Here is our net worth calculation for June. An ugly month in the stock market and our trip to Tahoe really cost us this month. We had a net worth decrease of $2670.49 or about 2% for the month. This puts our year-end net worth goal in serious jeopardy. the goal is $140,000 and we started the year a little over $108,000. Halfway through 2008 we’ve only increased our net worth by $9000. I haven’t even looked at the value of our home and cars since January so we’re probably worse off than we think.
However, I have no intention of stopping our investments, retirement savings or college savings. In fact, I’m hoping to increase our investment activity later this year when the 0% credit card is paid off.
Notes:
- The credit accounts now consist of a HELOC, the rewards card that most of our monthly spending goes on (which we pay in full every month), and two 0% credit cards - both to be paid off in January 2009, if not sooner.
Goals
Nothing has changed: continue building up cash and savings up with an eye on paying off the 0% credit cards before the end of the year.