| Assets | January | February | | Difference | % change |
| Checking+Savings | $2,700.00 | $3,300.00 | | $600.00 | 22.22% |
| Home | $118,575.00 | $124,500.00 | | $5,925.00 | 5.00% |
| Rental | $70,000.00 | $70,000.00 | | $0.00 | 0.00% |
| 401k | $4,005.33 | $3,816.82 | | -$188.51 | -4.71% |
| 529 | $97.12 | $119.00 | | $21.88 | 22.53% |
| Roth | $0.00 | $25.00 | | $25.00 | #DIV/0! |
| Misc (Car, etc) | $7,000.00 | $7,000.00 | | $0.00 | 0.00% |
| Total Assets | $202,377.45 | $208,760.82 | | $6,383.37 | 3.06% |
| Liabilities | | | | Difference | % change |
| CC | $2,395.69 | $3,055.00 | | $659.31 | 27.52% |
| Home | $98,712.73 | $98,612.00 | | -$100.73 | -0.10% |
| Rental | $66,911.52 | $66,859.00 | | -$52.52 | -0.08% |
| HELOC | $9,490.18 | $9,463.00 | | -$27.18 | -0.29% |
| Student Loans | $54,688.51 | $54,605.49 | | -$83.02 | -0.15% |
| Total Liabilities | $232,198.63 | $232,594.49 | | $395.86 | 0.17% |
| | | | | | |
| February’s Net Worth | -$23,833.67 | | $5,987.51 | +25.12% | |
Credit Cards: I wasn’t going to post my net worth statement today because some emergencies I had last month made me accumulate more credit card debt. That is a no no. The cardinal rule, in my opinion, is not to accumulate more credit card debt, even if the charges are on no interest credit cards. In my opinion, this rule comes before savings, retirement, and debt payoff. What is the point in paying off $500 on a HELOC if I just added $500 more of cc debt. Thou shall not accumulate more debt. To be fair, I was waiting for the due date to pay for $400 of the add’l charges but the balance is throwing off my net worth statement so I’m going to pay it today. The rest is from charges for buying tires on a cc that has three months of no interest. I don’t feel too guilty about carrying a balance for two months on something like safer tires.
HELOC: I’ve paid an add’l $116 on my HELOC on the loan but it hasn’t been processed yet.
Cash: My renter is up to date on his rent. WooHoo!
Home: This is the biggest mover and I’m very suspicious. The increase in my home value has finally caused me to have a positive change in my net worth but the way the economy is right now, I’m sure it’ll dip again. So, it’s had for me to be excited about my first networth increase.
Roth: I’ve finally started a Roth account!
It doesn’t feel as good to have an increase in my net worth as I thought it would. I think that’s because of the add’l cc debt. Hopefully next month, I’ll have an increase no add’l cc debt, and then I’ll be able to celebrate.
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