Frugal Babe

A rich life without a lot of money

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Net Worth Update August 2007

September 19, 2007 By Frugal Babe

I update our networth every two or three months, and I always do it right after we get our mortgage statement in the mail, so that I have an accurate debt amount.   How nice that we got our statement yesterday, when the Feds lowered the interest rate and my IRA   jumped nearly $1000.   Always nice to have a good uptick right before I run the numbers.  

Anyway, our networth is currently at $84,477.   Up almost $2000 since June, but still suffering from a lagging stock market, because we’ve actively contributed more than $2000 to our net worth in the last two months.   But at least we’re still heading up!

The most exciting thing about our net worth this month is that we no longer have credit card debt!   I love that zero.   Planning to keep it that way.   We’re building up our emergency fund by $100/month (doesn’t seem like much, but as of tomorrow, it will be over $1000) in our ING account, and our medical emergency fund in our HSA.   Every month gives us a little more cushion against ever having to go into debt again.   And the feeling that gives us is all the motivation we need to keep on squirreling away our pennies.

Filed Under: net worth 1 Comment

Comments

  1. Mrs. Micah says

    September 19, 2007 at 2:06 pm

    Always great to be in the black. No credit card debt is particularly excellent!

    Reply

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