Now, on to the debacle that is my personal finance!
|Starting Debt||Last Month||This Month||Difference|
Nothing really new to report here. I've been following my snowball debt reduction plan religiously. However, I recently decided to tweak how I repay my credit card. I hope that with the new repayment method, I will be able to pay down my principal faster.
No, I haven't taken up stripping or selling drugs to explain the $4k+ increase in my savings. As I explained in my prior post, my company stock suddenly surged 50% above my cost basis last week. Not wanting to lose this opportunity, I sold 14 shares of my stock. I've earmarked $400 to pay for capital gains tax and I've put $4,000 into my emergency fund. The other increase of $199 is from my scrimping and saving. :-D
This gives me some breathing room in advance of the lay off notice that is expected to come in the next 2 weeks.
There is nothing more frustrating than to see my net worth plummet SOLELY due to market fluctuations. (I guess I can sympathize with Hank Greenberg who lost 95% of his total assets when AIG was bailed out. NOT!)
At the risk of sounding like a broken record, the only return I am seeing is from the money I've paid towards my debts.
Right now, my 401k kind of reminds me of blowing into a punctured balloon. The harder I try, the more I hyperventilate.
Sigh... For once I'd like my net worth to reach positive territory for a sustained period of time...
Anyhoo, the breakdown of my net worth can be seen here.