Networth Update: December 2010 (+$215)

Networth Update: December 2010 (+$215)

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How it ended up being a positive month is truly a mystery.

I mean, it started so well but completely fell apart at the end — which is why I’m weeks late with this update.

Cash:
I’m officially cash poor and back to living paycheck-to-paycheck. Okay, the situation isn’t *really* that dire but things are a bit tight right now in the checking account…

Savings:
Obviously I contributed pretty heavily here. Problem is, nearly all of my contributions this month will come right back out to pay my end of the year property taxes so it’s really more of a lateral move than anything else.

Gov’t Bonds:
Yeah, whatever… Another $15 bucks.

401k:
This is keeping my numbers up. Don’t get me wrong, though, I’m thrilled that I’ve exceeded the $100k mark…

Home:
I’m blaming the cold weather for the drop. Yep, definitely the weather.

Auto 1 & Auto 2:
Having just put in another $1100 into my daily driver, well, I should be good to go for another three or four years without having a car payment. That is, until we go out and buy a minivan…

Credit Cards:
These are moving in the wrong direction. They shouldn’t be but… they are. The good news is that $15k of it is at zero percent for another 5 months. An additional $7k is locked in at zero percent for another 11 months.

Sucks to have balances like this but I’m not anywhere near falling back into the routine of paying hundreds of dollars each month in finance charges alone. I’m confident the balances will start to fall rapidly in 2011.

Auto Loans and Other Loans:
Zilch. Zero. Nada.

Mortgage:
Just another minimum payment. Since the re-fi, I’ve totally flip-flopped and hopped on that bandwagon of folks that say that overpaying the mortgage is stupid. I totally agree with them — but only if your monthly payment is insanely low…

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