This is my first update since my initial post, I have been at this now for a month and hope you have found at least a few useful tidbits in my posts. I will provide a monthly update on my current financial situation. I hope to provide a more accurate picture of how someone in America truly spends/saves their money so I may start including a Cash Flow report to show a little more detail. The down side to that is that last time I ran a report I think my Cash Flow for the month was negative so look for a post on that in the near future.
| Assets
|
||
| Cash Savings | $10,486.00 | +$1,039.00 |
| Roth IRA | $2,196.00 | -$150.00 |
| 401k | $26,896.00 | -$976.00 |
| Home Value | $242,000.00 | -$2,000.00 |
| $281,579.00 | ||
| Liabilities
|
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| Credit Cards | $3,169.00 | -$501.00 |
| Mortgage/Second | $229,232.00 | -$178.00 |
| Student Loans | $9,929 | -$171.00 |
| $242,330.00 | ||
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| Net Worth | $39,249.00 | -$1,241.00 |
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Cash Savings
Our cash rests in two separate online savings accounts, one of the accounts is for our child. I switched my OnBank account over to ING as a result of plummeting interest rates OnBank is currently at 1.3% APY. We also maintain a savings account with a local bank which has around 1500 in real emergency money.
Retirement Accounts
These numbers used to be higher but I took a hit in the recent market collapse, I am optimistic though that things will improve and being as young as I am it is a great time to be buying in.
Credit Card Debt
This is a zero interest account used to purchase some furniture, I hope to get this down to 0 in the very near future
In Other News
- The Carnival of Personal Finance includes my post on What the down economy really means for your 401k
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