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| Monday, February 06, 2006 |
| Net Worth February 2006 |
Progress continues to be made and my Net Worth is in positive territory once again this month. Despite a large car insurance bill that I paid in full. You can click on the table below to see a larger image.
I have now draw down my local saving account to $5,000. The amount of interest I receive on that account is pathetic, but it is cash I can lay my hands on quickly if needed. Current savings are being directed toward HSBC Direct and ING Direct. The recent rate wars have not been enough to cause me to draw down my ING Direct account in favor of HSBC Direct. I have had my ING Direct account for years and am a happy customer. However, as I get more comfortable with HSBC Direct that may change. We shall see what happens over the next few months.
My 401(k) continues to grow which is nice to see. I really need to spend some time reviewing my various investments in my retirement accounts. I have a feeling that money could be working harder. The mortgages continue to get paid and the balances inching lower. While not spectacular, it was a nice solid growth month.
This month has a big Birthday for me (eek - I will be 35 - no longer can I check the 25 - 34 boxes on forms) and for some weird reason I am taking comfort in having a Net Worth that looks as if I have saved about $10,000 a year since birth. |
| posted by Boston Gal @ 7:00 PM *
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| 5 Comments: |
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...but hopefully you (and all of us!) will have more than $1 million before you're 100.
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you can still check the 24-34 boxes...no one will ever know, and we won't spill the beans... :D
keep up the outstanding finances!
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Personal finance bloggers net worth data (chart and graph) has been posted.
http://neos-nest-egg.blogspot.com/2006/02/personal-finance-bloggers-net-worth_11.html
Neo
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May I suggest that you open an interest checking account at HSBC by transfering funds from your low yield savings? The interest checking will probably earn the same yield (or more) as your savings, but you will get the security and liquidity you need. Having a second checking is a good idea, especially when you travel abroad. For instance, my ATM card didn't work in Canada while on vacation. Fortunately, I had another ATM card from a different bank and was able to get canadian currency.
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...but hopefully you (and all of us!) will have more than $1 million before you're 100.