January was a somewhat neutral month for us. Our net worth was reduced $70.00 from last month to $42,013.69 (click on spreadsheet below).
We contributed $771.00 total to our retirement accounts (401k and Roth IRAs), although they only increased over last month by $385.61. We also deposited $900 in our savings account.
What did not work:
We pulled $1,169.14 out of savings for our 2nd property tax payment (this was a planned expense). We also pulled $1,484 out of savings to purchase 106 shares of BANK OF AMERICA CORPORATION stock for $14/share. Unfortunately, the stock is currently selling at ~$7/share.
February should be a tough month. My company will be implementing a 20-25% reduction in pay that will hit my 2nd paycheck in February. If our business continues on its current trend, there may be layoffs in March. So, we'll likely not invest much, forcing us to fall a bit further behind pace to hit our net worth goal for 2009. Let’s keep praying things get better.