QuestForAMillion.net

Here is our net worth calculation for December. We had a nice increase in net worth last month, largely due to our current focus on saving. Taking command of our own escrow helped a bunch, since we can now count the money saved for insurance and taxes in our net worth. We had a net worth gain of $6176 or about 6% for the month.

We finished the year by beating our net worth goal of $100,000 by over $8000!

Notes:

1. The big increase in cash is due to a focus on saving as well as putting our escrow money into our Irregular Expenses account.
2. The credit accounts consist of a HELOC, a balance on a 0% credit card that ends in March 2008, and the rewards card that most of our monthly spending goes on (which we pay in full every month). Most of the increase here consists of Christmas gifts, although we spent much less this year than last year.

Goals

Our main goal for next month hasn’t changed: work on building cash and savings up.