Wednesday, October 04, 2006

Okay, I lied...

That wasn't my last blog entry. I enjoy blogging and sharing my financial experiences. Hopefully, you will learn something from this blog.

So, the blog is back!

Today is October 4th, exactly 6 months since my first blog entry. I'll recalculate my networth.

Credit Union: $300
Money Markets: $10,500
CDs: $ 37,900
Retirement Accounts: $13,600
Investment Accounts: $1,500
Car: $ 7,000 (Trade-in value according to
Cash & Equivalent: $ 500
Total: $71,300

Student Loans: $0 (Paid off)
Credit Cards: $20,300 (0% APR or pay off every month)
Tax liabilities: ~$5000
Total: $25,300

Networth on October 4th: 71,300 - 25,300 = $46,000.
Networth on April 4th: $24,087
Increase in 6 months: 46,000 - 24,087 = $21,913
So, in the past 6 months, I have been able to save an average of $3,652 per month!
I started my new job on June 1st. One of the benefits of my new job is a bigger paycheck. My networth on June 1st was $27,226, my average surplus for the past 4 months is $4,693 per month! I'll write more about my new job later.