Frugal Babe

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Net Worth

February 21, 2007 By Frugal Babe

I didn’t do our net worth calculation last month.   I just did it on Monday, and we’re at $70,906.   That’s an increase of over $1000 since December, although that’s primarily from our retirement accounts.   We’ve put $800 into those accounts since December, but they’ve increased in value (on paper) by over $2000.   Our cash accounts have gone down (because I raided the ING account to pay for supplies to remodel the house) and our credit card debt has gone up (more house remodeling – should be paid off by April).   So our net worth looks better than it did two months ago, but I’d rather see the credit card balances declining (zero would be nice…) My parents stayed with us for a few weeks in January to help us remodel our house.   We created a new office, with the long term goal of having enough space in our current house to be able to stay here indefinitely and have a child or two.   So in the long run, the money (less than $1000) and time (lots)  we’re putting into the remodel is very worth while.  

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