Net Worth Update: September 2009 (+$6,991)

Net Worth Update: September 2009 (+$6,991)

2 3050

September 2009 Net WorthIt doesn’t feel right to come out and say that I had a down month when my net worth increased by so much but I truly feel that August was a down month for me financially.

I kept pace on the mortgage and broke through the 6-figure threshold — that’s the best it got.

My savings pace is way down partially because my checking account is drained. My checking account is drained entirely because I spent too much.

How’s that for an excuse?

I haven’t yet posted August’s spending report but it was out of control. Again.

Anyway, before I start going off on some unrelated tangent, here’s the latest net worth breakdown:

Can you say depleted? For some reason, I just can’t seem to shake the paycheck-to-paycheck type routine — working my checking account down to around $1k on a regular basis.

I keep telling myself that I was $5k to be the ‘new’ $0 but I just can’t seem to get there.

The money just wasn’t there this month to keep the aggressive weekly transfers up. In July, I was adding over $400 to this per week. At the end of August, that weekly transer was down to $15.

I’m going to right the ship in September though — details on that farther down…

Gov’t Bonds:
Another seven bucks. Woo-hoo!

Another great month. That makes it six in a row!!!

Not that I even came close to being “underwater”, the value of my home is comfortably higher than what I paid for plus all of the expensive renovations I’ve had done.

Best of all, my loan-to-value percentage is nearly 52%. That means I “own” more of my house than I “owe”. Sadly, though, I’m still stuck paying PMI. Boo.

Auto 1 & Auto 2:
Seems that 2005 Scion xA’s are worth as much as they used to be…

Nearly identical to last month, I’m still on pace to have the house paid for in less than 4 years.

That said, I’m seriously considering easing off the accelerator a bit in favor of padding my savings account. See, I can’t stand the first floor of my house. I want it gutted. Badly.

I know, that’s a total flip-flop from what I said just a few months ago but I’m thinking that if I put off the HUGE mortgage payments for one year, I can pay for a first floor renovation without having to finance much of anything.

Then, next Fall, I’ll pick up where I left off on the mortgage *and* have a house that I’m not ashamed of — and one that a toddler can safely crawl around in.

Wishful thinking, perhaps, but it never hurts to have a huge pile of money tucked away in savings…


0 1332

0 8451