December 23, 2008

December 2008 Net Worth Update (+6,906.48)

Since we will be traveling for the holidays, I am posting our December net worth a bit early.

Our net worth in December increased $6,906.48 over last month to $42,083.69 (click on spreadsheet below). This is one of our strongest monthly increases yet and is a nice change from the decrease in our net worth over the last 3 months. Unfortunately, even with this very strong month, we came up $5,716.31 short of our 2008 net worth goal of $47,800. All things considered, with this economy, that's not too bad. We reached 88.04% of our goal for the year.

What worked
We contributed a total of $1,198.50 to our 401(k)s and Roth IRAs. We also deposited a whopping $4,357.40 into our savings account, thanks mainly to my wife's $3,544.00 quarterly bonus ($2,028.95 net).

What did not work
Nothing I could find. December was a good month.

Next month
My wife received notice that December 31st will be her last day of employment. Therefore, we don't expect to be able to increase our net worth much, if any, in January. She has already had a successful day of interviewing with another company and has been networking to find a new job. With my paychecks, her unemployment checks, and a bit of baby sitting money, we shouldn't have to pull any money out of savings for quite a few months.

3 comments:

J. Money said...

Nicely done sir, i commend you.

dipat said...
This comment has been removed by a blog administrator.
1MansMoney said...

J. Money- Thank you sir. And, Happy Birthday!

-1MansMoney