Good news is that my Progress Report this October isn't as scary looking as it was last year.
Starting Debt (6/31/08)
|Last Month||This Month||DIFFERENCE|
Woo hoo!! My total debt is now below six-digits! To those who are new to this blog, I didn't pay off $11,086.08 in credit card debt in just one month. This was an ordeal that spanned years.
My credit card pay-off finally picked up momentum in March when I arbitraged my credit card debt with a 0% interest rate offer. Ever since then, I paid the minimum towards my credit card and pretended to pay additional amounts into my savings account. When the 0% offer expired, I used the "savings" to pay off my credit card debt.
Although I should be snowballing my remaining debt, I've decided to take a couple of months off before I get back into the grind.
The savings that is reflected here is my "emergency fund" that I am not supposed to touch unless there is an absolute true emergency. I try to save about $100/month or so into my EF.
I have an additional $5,000.00 or so set aside for "earmarked" spending for such things as car maintenance, Christmas, etc. I need to start replenishing my earmarks as well as continue saving into my EF. Ugh.
MY NET WORTH
|LAST MONTH||THIS MONTH||DIFFERENCE|
Rats. I added an additional $1,612 last month into my 401k and my net worth only increased by $886. Must mean that the market went down again. I have to admit, it's a lot less stressful when I don't pay attention to market movements. It's a bummer to see a flat lined net worth at the end of the month, though.
The breakdown and the history of my net worth can be seen here.