If last month was the lowest point in my blogging career, then this month's networth update should have been precluded with some sort of financial training montage. February saw a dramatic turnaround for my networth, led by bonus season, more strict adherence to my own budgets, and a significant decrease in my utility bills (which I will blog about separately).
Compared to last month, my networth is up 0.29% or $2,904.20 (all networth percentages are based off of my goal of $1 million).
On the horizon, are a few networth neutral, but debt ratio clearing items: paying off a large chunk of credit card debt and paying back a parental loan.
Also, I will be filing taxes soon, and if I eFile, I could have my tax return back this month as well.
There is only one cause for concern. I am off on a week-long cruise in the Caribbean in the second week of March, and I hope I can stick to my usual food and discretionary budget, but that is doubtful.
Anyway, overall, this brings my networth to -$7,285.93 or -0.73% away from my goal. But compare that to a year ago when I started with a networth of -$29,509.52. That is a 2.22% increase to my goal compared to last year! Only 6 more years to go.
Here's a nifty graph that tracks my monthly networth:
Saturday, March 1, 2008
Networth Update - 2.22% pts closer to my goal this year
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3 comments:
Emergency fund still $0?
:(
I struggle with the emergency fund idea. I don't know how it differs from my savings account, 401(k), and/or other investments.
So far, I would think if I have a savings account, that is also my emergency fund.
The idea of an emergency fund is simply cash for a rainy day, in a savings account so it's liquid.
If you have 3-6 months expenses stocked aside in a savings account that counts. Perhaps just take the higher of your two accounts and make that the "emergency fund"
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