Another month down. Interestingly, when I ran the numbers, my cash holdings only changed by 34 cents! What makes it even funnier is that most of my cash accounts had some pretty major swings.
Two things happened to accomplish that. Money was pulled from savings to checking to cover our first month’s rent at the new place and also to pay for my January debt payments. Also, I received a nice chunk of change for a freelance project I’d been working on. I don’t want to reveal the exact amount, but let’s just say I’m eying up last year’s total earned online already.
If anyone actually pays attention to the numbers, you may notice some unexpected changes. It recently came to my attention that I’ve been using the wrong number for the mortgage and the interest rate on my medical loan. For my mortgage, I was using the amount financed instead of the unpaid balance. Silly me. Why would anyone think that the last line of the sheet labeled “itemization of amount financed” would be the amount I actually owe. So it turns out I owe about a thousand dollars more than I thought I did. That’s going to seriously cut into the proceeds from the sale.
For the medical loan, I could have sworn that the interest rate was 3.9% Nope. 8.5%. So I’m not as far along in paying that off as I thought either. To balance things out, I had the initial balance down wrong for my wife’s medical loan. See, people, this is what happens when banks are too f#%$ing cheap to have an online system to let your customers accurately track their debt. First National Bank provided me with a coupon book. Really, a coupon book? What century is this again?
But enough ranting, here are the numbers:
Assets:
Cash $4237 Basically even
Retirement Savings $7571 Up $450.
Car: $0 Still junk.
Home $20,000 Last month for this line item!
TOTAL ASSETS: $31,808
Liabilities:
Cirrus car loan: $976 Down $274.
Credit Cards: $5730 Up $392. We wound up living off our credit cards a little bit with the motel.
Student Loans: $31,538 Down $149. So according to my tax documents, I paid over $1100 in student loan interest last year, yikes!
Outstanding Medical Bills: $5046 Down $33
Home Loan: $16,870 Down $85 Last month for this line item as well!
TOTAL LIABILITIES: $60,168
NETWORTH: -$28,359
This month my debts went down from what they really are, but are up from what I thought they were. Which makes for a rather depressing bit of progress.
How did you do? Have you ever had an unpleasant surprise when reviewing your financial documents?
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