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| Friday, November 04, 2005 |
| Net Worth November 2005 |
Below is my Net Worth Snapshot for November 2005. As you can see I seem to have a lot of cash in my checking account - that is because my mortgage payment has not yet been debited from the account (you will notice that my home mortgage amount shows unchanged from October). The checking account also holds the two monthly rent checks I receive. I have not yet transferred them into my ING savings account. I tend to do that late in the second week of the month to make sure they have cleared.
It is a bit disheartening to see my car depreciate so rapidly. But it does strengthen my resolve to keep this one until the last gasp - I am not anxious to invest any more money in a depreciating asset anytime soon.
I have left the value of my condo and primary home alone - I will try to reassess every 6 months. Hopefully by then I will have some fresh sales in my neighborhood to give me a new valuation.
I may wait to take my monthly snapshot a bit later in the month - perhaps on the 10th. I am sure I will get the hang of this after a few more months. |
| posted by Boston Gal @ 9:51 PM *
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| 3 Comments: |
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Congrats Jane. Great job!
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You may want to obscure the names of the financial institutions that you use. If someone online was able to figure out your real identity, knowing what banks you use would be a head start in trying to steal your identity.
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I am enjoying your blog - came here by way of the Carnival and Instapundit.
I'm curious as to your reasoning behind having a car that is financed rather than buying a slightly older car that you could pay cash for up front.
I'm assuming, based on your net worth details, that you have enough cash on hand (i.e. liquid assets/emergency fund/etc.) to cover any repairs as they become necessary on an older car.
Given your goal for your net worth, it just doesn't make sense (to me) to finance something that depreciates so quickly when there are other, less expensive and more financially sound, options available.
I'm not criticizing...just looking for your reasoning.
Great blog by the way!
- hfs
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Congrats Jane. Great job!