It’s that time again! Every month, I update the numbers for my net worth and cross my fingers that it went in the right direction.
Well, it did this month, but frankly, I don’t have a clue how. It certainly wasn’t from income. My paycheck on Friday was just $147. Ouch. But I’m not going to look a gift horse in the mouth. All the money I made online last month really helped. Of the $300 that my cash assets went up this month, $500 of that was on that front, including a Google AdSense payout that finally arrived.
As I am sure is happening to pretty much everyone right now, retirement accounts are starting to get worrisome. The $137 increase is less than total contributions in that time. Meaning that our portfolios lost roughly 1% in the last month. Most of this was in my IRA which lost 2%.
What the future brings, I frankly can’t guess. We are going to court on Tuesday regarding a debt in which the creditor is making completely unreasonable demands as far as payment terms. I was told on Friday that they wouldn’t accept anything less than 20% of my wife’s net income. I’ll be providing an update on this
Meanwhile, the car needs a $700 repair to fix an oil leak. The part is cheap, but pretty much the whole engine has to come out to get to it. The plan is to apply what used to be the car payment towards saving for this. Should take 10 weeks. During which time, I’ll have to add 2-3 gallons of oil to replace what has leaked out! My best friend gets married in a few months and I AM going to that wedding (I better, I’m in the wedding party) even if I have to stop eating to afford the airfare.
Cash $5652 Up $322.
Retirement Savings $9531 Up $137
Car: $0 Still junk.
TOTAL ASSETS: $14,793
Credit Cards: $3238 Down $100
Student Loans: $30,769 Down $152.
Outstanding Medical Bills: $4653 Down $91
TOTAL LIABILITIES: $38,661
How was your month?