Another month sneaks past, and another report comes due. Not a whole lot of time has been spent focusing on finances this month, as our little family has been spending an insane amount of time finally doing our part to complete our renovations. Let’s just say, my life would be well lived if I never saw another paintbrush – or discovered the holding power of primer on skin – ever again!
But after all is done, we will finally be able to kick back and relax. (OK, you old house owners out there can stop laughing at that statement already – yes, I’m quite aware we’ll have tons of things that will need our attention, but renovation on the scale that we’ve undertaken is a stress I’m not sure I would do again had I known what we were getting into! 8O)
Nevertheless, of course money moved around a bit even without a whole lot of attention being focused on it. So without further ado, let me present The Report – November 2006 Edition:
| Oct31’06 | Nov30’06 | Change | |
| Assets | |||
| Liquid Assets | |||
| Checking | $78.34 | $151.16 | $72.82 |
| Cash | 15.00 | 10.00 | (5.00) |
| ING Orange Savings | 10.88 | 10.92 | 0.04 |
| HSBC Savings | 3,245.69 | 3,587.06 | 341.37 |
| Total Liquid | $3,349.91 | $3,759.14 | $409.23 |
| Semi-Liquid Assets | |||
| Firstrade ROTH | $172.58 | $183.24 | $10.66 |
| Firstrade SIMPLE | 5,558.96 | 6,304.16 | 745.20 |
| Wife’s Rollover IRA | 43,982.45 | 45,397.61 | 1,415.16 |
| Total Semi-Liquid | $49,713.99 | $51,885.01 | $2,171.02 |
| Illiquid Assets | |||
| Our Home | $54,000.00 | $54,000.00 | $0.00 |
| Our Vehicles | 5,250.00 | 5,250.00 | 0.00 |
| Gifted Property | 45,000.00 | 45,000.00 | 0.00 |
| Total Illiquid | $104,250.00 | $104,250.00 | $0.00 |
| TOTAL Assets | $157,313.90 | $159,894.15 | $2,580.25 |
| Liabilities | |||
| Credit Card Debts | |||
| Chase | $6,534.83 | $6,234.83 | ($300.00) |
| American Express | 0.00 | 0.00 | 0.00 |
| Total Credit Cards | $6,534.83 | $6,234.83 | ($300.00) |
| Other Debts | |||
| Home Mortgage | $39,570.00 | $39,524.72 | ($45.28) |
| Low Energy Loan | 16,928.75 | 16,814.63 | (114.12) |
| Line of Credit | 8,543.65 | 10,503.43 | 1,959.78 |
| Total Other Debts | $65,042.40 | $66,842.78 | $1,800.38 |
| TOTAL Liabilities | $71,577.23 | $73,077.61 | $1,500.38 |
| NET WORTH | $85,736.67 | $86,816.54 | $1,079.87 |
A little commentary:
- 4.4% return on our investments? Give me that every month and I’ll paint a room or two…
- Many people got many things taken care of as far as the renovations. Most of them haven’t bothered to send out a bill yet. My guess is, over the next few months, as everything rolls in, that used line of credit total may approach our mortgage! Am I thrilled about this? Well, no, not in the slightest. But it still brings the cost of our home to substantially less than I feel it’s actually worth. While I may be coming from an optimistic viewpoint, I’m not being that optimistic – we got an absolutely astounding deal on our home.
- Chase keeps sending out these “4.99% for the life of the balance” transfer checks. I’m considering using one to transfer a bit of the used line of credit, as we have a ridiculous $15k+ of room left on it. I’m not quite sure that it’d be worth the $45 per month we’d save in interest to be playing with a credit card, but just saying, I’m considering it…
- All I want for Xmas is the ability to move in… and it looks like it may just get my wish.
[tags]debt,report card, credit cards, mortgage,investments,assets,liabilities[/tags]
