Monthly Update for March 2008

Good Month! Up $7,419 for the month to a total of $196,935. Just shy of $200K . Unfortunately the next few months spending will take me a few steps backwards. Home renovations are underway. We are redoing 2 of our 3 bathrooms. This will be a major improvement to our home but will cost us about $14-15K. We will be paying cash for these improvements.
Competing goals are so difficult. Wanting to have a big cash cushion for security but also wanting a nice home to live in is tough. I plan to keep the value of our home listed at what it appraised for a year ago. The below link is a great explanation of keeping track of ones home worth. It is one that I agree with. http://www.2millionblog.com/2008/04/why_is_my_house_value_not_going_down_whos_shortsighted_now.html