Saturday, March 8, 2008

Monthly Update for February 2008

Good month..Net worth up by $6,532 to $189,515. That's an increase of 3.6% over last month. During this economic period I think it is a small miracle to have any gains. I have almost $100K in the stock market so the declines in the market absolutely have an effect on my net worth. I am looking forward to when the market comes roaring back, which I believe it will. In fact I believe the stock market and real estate market will come back with a bang in the next 2-3 years.
Overall, I feel it is a tough time. So much in flux with the stock market and real estate. Still just plugging away and saving cash..Cash account is just over $40K. I am trying to avoid spending to much cash on the home renovations but we need the work to get done.
Highlights for the month

  • Paid down CC debt (at Zero %) by $2,500.
  • Received a quote for some bathroom work..Came in at about $25K..Yikes. no way.. getting more quotes.
  • New position at work has me driving a lot more so the gas bill is going up. Flip side is that I am bringing my lunch to work and not spending hardly any money during the week. I have noticed extra cash in my account that I am sending to the ING savings account.
  • Received our $2,100 dollar tax refund..