A twelfth of the way through 2006 already – time sure flies when you’re having fun! (Accountants are weird this time o’ year. Starting to get ever so slightly busy, but we’re still pretty well chomping at the bit.)
Anyway, time to take a glance to the ol’ monthly report card:
| Dec31’05 | Jan31’06 | Change | |
| Assets | |||
| Liquid Assets | |||
| Checking | $133.24 | $74.44 | ($58.80) |
| Cash | 4,000.00 | 3,275.00 | (725.00) |
| ING Orange Savings | 207.46 | 448.91 | 241.45 |
| HSBC Savings | 1,000.00 | 500.00 | (500.00) |
| Total Liquid Assets | $5,340.70 | $4,298.35 | ($1,042.35) |
| Semi-Liquid Assets | |||
| Firstrade ROTH | $139.11 | $171.00 | $31.89 |
| Firstrade SIMPLE | 2,661.28 | 3,312.66 | 651.38 |
| Wife’s 457 | 27,615.78 | 28,921.42 | 1,305.64 |
| Wife’s Rollover IRA | 12,512.33 | 13,187.03 | 674.70 |
| Semi-Liquid Assets | $42,928.50 | $45,592.11 | $2,663.61 | Illiquid Assets |
| Our Home | $54,000.00 | $54,000.00 | $0.00 |
| Our Vehicles | 6,000.00 | 6,000.00 | 0.00 | Illiquid Assets | $60,000.00 | $60.000.00 | $0.00 |
| TOTAL Assets | $108,269.20 | $109,890.46 | $1,621.26 |
| Liabilities | |||
| Credit Card Debts | |||
| Chase | $8,991.47 | $8,800.00 | ($191.47) |
| American Express | 8,008.85 | 7,019.95 | (988.90) |
| MBNA | 0.00 | 0.00 | 0.00 |
| Total Credit Cards | $17,000.32 | $15,819.95 | ($1,180.37) |
| Other Debts | |||
| Home Mortgage | 40,000.00 | 39,957.76 | (42.24) |
| TOTAL Liabilities | $57,000.32 | $55,777.71 | ($1,222.61) |
| NET WORTH | $51,268.88 | $54,112.75 | $2,843.87 |
A few things of note:
- ‘Where’d all that cash go?’ The wife and I are wearing most of it. Well, not all of it, all at once anyway! A good chunk of that went to some new clothes. While it may seem like an impulse buy for someone working on a debt reduction, it wasn’t – we both were in serious need of some wardrobe updates. Both of us have lost several pounds (on the order of 20-30+ apiece) over the last couple years, and those few items we’ve bought in the meantime have seen better days. It just was time, and few times are better than post-Xmas sales time. We definitely each got our money’s worth!
- ‘OK, how about that HSBC account? It was $1,000 last month; this month it’s only $500…’ Only on paper. In reality, it was always $500. I apparently neglected to do another $500 transfer in December, sending it instead to the credit cards. I will do so this month though – I want a $1,000 cushion in there as a little emergency fund…
- 6% ROI in a month! At that rate, I’ll put nothing else away and retire with my million & a half in January 2010. Let’s hope it keeps up!
- Some decent progress on the credit card debt – reduced almost $1,200, just shy of 7.5% of the total.
[tags]personal finance, net worth, credit card[/tags]
