Net Worth Statement - May 1 2008 (+3.56%)
Net Worth
Taxable Accounts:
$796.20 - Liquid Savings - 3.55% APY HSBC Savings Account
$15,412.98 - Savings - 4.25% APY Countrywide Savings Account
$8,279.05 - Checking - 3.01% APY Schwabb Investor Checking Account
$15,466.10 - Stocks - Misc. Direct Investments
$4,959.67 - Stocks - Ameritrade Izone
$3,663.04 - Stocks - Zecco
$2,700.12 - Bonds - TreasuryDirect
$51,250.16 TOTAL
Retirement Savings:
$17,462.75 - ROTH IRA - Vanguard
$1,145.31 - ROTH IRA - Scottrade
$58,513.16 - 401K - T. Rowe Price
$77,121.22 TOTAL
Debts
$2,892.08 - Student Loan - AES (3.625%)
$3,896.00 - Credit Card BT - Chase (0%)
$16,945.28 - Credit Card BT - BOA NEA (0%)
$6,986.18 - Credit Card BT - Juniper (0%)
$4,683.65 - Credit Card BT - Bank Atlantic (0%)
$19,114.00 - Credit Card BT - Upromise (0%)
$54,517.19 TOTAL
Housing / Automobiles
$263,590.10 - Mortgage - Countrywide
$339,500.00 - Approximate Home Value
$8,829.00 - Approximate Car Value - Edmunds.com
$84,738.90 - TOTAL (Approximate Equity)
Networth Breakdown
| Assets | $ Diff | % Diff | |
| Cash | $24,488 | ($15) | -0.06 % |
| Stocks | $24,089 | ($177) | -0.73 % |
| Bonds | $2,700 | $23 | 0.86 % |
| Retirement | $77,121 | $4,396 | 6.04 % |
| Home | $339,500 | $0 | 0.00 % |
| Cars | $8,829 | $64 | 0.73 % |
| Total Assets | $476,727 | $4,291 | 0.91 % |
| Debts | $ Diff | % Diff | |
| Home Mortgage(s) | $263,590 | ($476) | -0.18 % |
| Student Loans | $2,892 | ($34) | -1.16 % |
| Credit Card | $51,625 | ($658) | -1.26 % |
| Total Debts | $318,107 | ($1,168) | -0.37 % |
| Net Worth | $158,620 | $5,459 | 3.56 % |
Summary
Still on the right track this month. Even with a staggering economy my stocks managed to stay just a little down. Even with paying off debt I still have managed to pull some positive numbers which is encouraging.
Monthly Goals
I do have a rather large bill due this month which is probably going to suck up a lot of my monthly income. Hopefully I will be able to stay positive for the month.
| Recent Posts | Recent Comments |
- Myfinancebutler: Kind of a bummer, sure, but it does no good for your wife to...
- Myfinancebutler: It's money spent, sure, but in my mind, it's money well-spen...
- Myfinancebutler: Nice! Enjoy that (in whatever way you choose to use it)....
- Chuck: Unfortunately they are not permanent. Typically the promo 0...
- Monty Loree: Sorry... I missed that... are those permanent rates? That's...
Q: You’ve got the same amount of short term cash as credit card balances… Why don’t you pay off your credit cards and save your self the interest?!!
$54,000 @ 10% = $450 (approx) of interest you’re paying on your debt!
Are you making more than that with your savings account interest?
Monty - If you look next to the individual credit cards, you will see they are all at 0% promo rates. So in this case, yes I am making more in my savings interest.
Sorry… I missed that… are those permanent rates?
That’s pretty sweet that you have so many 0% credit cards… These are non-existent in Canada.
Unfortunately they are not permanent. Typically the promo 0% term is 6-12 months, after which time they jack it up to the typical 10%.
I had posted before about my plan to get these cards. They can be a bit time consuming but with 50k and a 4.25% interest rate you can get about $2100 a year out of them, so it can certainly be worth the trouble.