March 2008
May 1, 2008 @ 4:05 pmHere is our net worth calculation for March. We had a nice increase for the month, tempered as usual by the equity markets. We took on more 0% interest debt to remodel our closet and transferred the remain car and student loans to a 0% credit card which accounts for the big increase in credit accounts and decrease in loans. We had a net worth increase of $2854.38 or about 3% for the month, finally climbing above where we started the year.
Notes:
- Cash & Savings increased nicely due to our focus on saving.
- 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.
- The increase in hard assets was from house appreciation due to the closet remodel.
Goals
Our main goal for next month hasn’t changed: work on building cash and savings up (especially with our new strategy for the car and student loans).