March has been an eventful month in my personal life. Here are the numbers:
| Assets |
| $ Diff | % Diff |
| Cash | $3,934 | $126 | 3.31% |
| Stocks | $0 | $0 | - |
| Bonds | $0 | $0 | - |
| Annuities | $0 | $0 | - |
| Retirement | $17,001 | $866 | 5.37% |
| Home | $191,900 | $0 | - |
| Other Real Estate | $0 | $0 | - |
| Cars | $16,123 | $0 | - |
| Personal Property | $0 | $0 | - |
| Other | $0 | ($151) | - |
| Total Assets | $228,958 | $992 | 0.44% |
| Debts |
| $ Diff | % Diff |
| Home Mortgage(s) | $177,272 | ($187) | -0.11% |
| Other Mortgage(s) | $0 | $0 | - |
| Student Loans | $0 | $0 | - |
| Credit Card | $10,918 | ($70) | -0.64% |
| Car Loans | $10,365 | ($351) | -3.28% |
| Other | $1,566 | ($58) | -3.57% |
| Total Debts | $200,121 | ($666) | -0.33% |
| Total | $28,837 | $1,658 | 6.10% |
There were several notable financial happenings during the past month. On the downside, the market continued its downturn and new retirement contributions of $995 resulted in only $866 in gain. Progress on the credit card front was also hampered by car repairs that left the balances virtually treading water.
Largely because of the uncooperative stock market, we are behind pace to make our net worth 2008 goal. Thus far we have added $4,408 year to date and our target was $6,000. We are currently at 73.4% of our Q1 goal and 18.4% of our full year goal.
On the positive side I celebrated my 25th birthday. We also added to our cash savings so our emergency fund has now broken the $2,000 mark. I feel much better knowing that we have cold hard cash for a rainy day. The plan is to continue the $100 per month emergency fund contributions on the way to saving 3 months worth of cash (or about $11,500).
Overall, In all major categories, assets increase and debts decreased so I think we are finally on the right path. That is all for this month. Onward and upward on our path to wealth.
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