Hey, whaddya know, August ended – a weeks ago!
First off, a bunch of numbers, lined up all purty (excuse the drawl; I’ve been meeting with cattle ranchers most of the afternoon… 
):
| July31′06 | Aug31′06 | Change | |
| Assets | |||
| Liquid Assets | |||
| Checking | $43.18 | $78.63 | $35.45 |
| Cash | 5.00 | 20.00 | 15.00 |
| ING Orange Savings | 1,806.34 | 10.00 | (1,796.34) |
| HSBC Savings | 1,014.83 | 2,843.73 | 1,828.90 |
| Total Liquid | $2,869.35 | $2,952.36 | $83.01 |
| Semi-Liquid Assets | |||
| Firstrade ROTH | $163.80 | $162.32 | ($1.48) |
| Firstrade SIMPLE | 4,375.94 | 5,196.66 | 820.72 |
| Wife’s 457 | 27,817.87 | 28,382.47 | 564.60 |
| Wife’s Rollover IRA | 12,939.41 | 13,173.66 | 234.25 |
| Total Semi-Liquid | $45,297.02 | $46,915.11 | $1,618.09 |
| Illiquid Assets | |||
| Our Home | $54,000.00 | $54,000.00 | $0.00 |
| Our Vehicles | 5,750.00 | 5,750.00 | 0.00 |
| Gifted Property | 45,000.00 | 45,000.00 | 0.00 |
| Total Illiquid | $104,750.00 | $104,750.00 | $0.00 |
| TOTAL Assets | $152,916.37 | $154,617.47 | $1,701.10 |
| Liabilities | |||
| Credit Card Debts | |||
| Chase | $7,409.50 | $7,134.83 | ($274.67) |
| American Express | 556.05 | 25.00 | (531.05) |
| MBNA | 0.00 | 0.00 | 0.00 |
| Total Credit Cards | $7,965.55 | $7,159.83 | ($805.72) |
| Other Debts | |||
| Home Mortgage | $39,700.07 | $39,658.16 | ($41.91) |
| Low Energy Loan | 17,216.26 | 17,103.22 | (113.04) |
| Line of Credit | 2,417.14 | 3,700.00 | 1,282.86 |
| Total Other Debts | $59,333.47 | $60,461.38 | $1,127.91 |
| TOTAL Liabilities | $67,299.02 | $67,621.21 | $322.19 |
| NET WORTH | $85,617.35 | $86,996.26 | $1,378.91 |
And like always, a thought or twelve:
- 2% (calculated with my SIMPLE contributions netted out) just isn’t too bad a return on our investments for an altogether boring August in the markets. I’ll take that any month…
- Despite my vow to switch over those funds from the ING 457 plan last month, they’re still there. The paperwork has been filed for the rollover, but as of this moment, I still see those monies sitting at ING instead of their new home in my wife’s IRA.
- Still renovating away. Amazing how much delay some people can put into their work. Especially considering the fact that I haven’t prepaid a single thing. You’d think a big payday would be a bit of motivation, but apparently not. Nevertheless, we did end up adding a bit more to our running total on the ol’ line of credit. I’d still trade that upcoming bigger number today in a heartbeat for them to just finish…
- Finally got tired of ING Direct’s lackluster interest rates and transferred everything over to HSBC. HSBC may not have the top rate today (for instance, EmigrantDirect looks like it’s paying 5.15% right now), but at least they’re still playing the game. ING Direct’s 4.40% just tells me they aren’t trying anymore. I left $10 to make sure they don’t close the account on the off chance they decide they’d like to be competitive again. But leaving over half a percent on the table just because their site has a slightly better user interface isn’t worth it anymore.
So, not a heck of a lot of change from last month. Investments did a bit better, credit card debt down a little, and the renovations inching ever-so-slowly along. Yada, yada, yada. Slow and steady’s getting a little boring, but at least the bottom line is going the right direction!
[tags] debt, renovations, report card, balance sheet, credit card, ING, credit, line of credit[/tags]
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I just transferred about 5K out of ING and over to Emmigrant too. I hated to do it because I’ve been very happy with ING, but apparently they are too spending too much money researching new ways to make you log on to offer a competative rate.
Yeah, that new login method annoys me too. Unfortunately, just about every bank out there – but, interestingly enough, none of my credit cards – seems to be going the multiple page login route. I realize it’s a security thing, but it doesn’t make it any less annoying to me.
I should have transferred those savings over quite some time ago, but I was just being lazy. I took advantage of the ease of setting up multiple accounts in ING for a lot of my recurring-but-not-monthly expenses ie. my term insurance. A ‘throw $20 a month into this separate account versus scrambling to scrape up the full $240 the month it was due’ sort of thing.
Now, I just use a little excel spreadsheet to break down how the whole amount has been allocated. Not as slick as having a separate ‘Life Insurance’ account, a separate ‘Auto Insurance/Registration’ account, etc., etc. But it certainly isn’t that complicated…
Well, payments are something that you cannot o regllaru but they shoud be done in times toavid any problem
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