This was the article I was going to post before our Dodge Caravan died! Additions or changes are in bold italics.
I like to check my Net Worth on about a quarterly basis (little late this year!). So far this year, my Net Worth is down about $600 $2000! Considering all the medical bills we have had (my wife has been sick for about two months), and all the house expenses we have had (well pump, water heater, windows, etc.), and now buying a used vehicle, I am surprised we are not down more. A brief snapshot of the factors affecting my Net Worth so far this year:
- Decrease in Net Worth: Spending on our Home is up significantly (well pump, windows, water heater, etc.)
- Decrease in Net Worth: Spending on Medical bills is up significantly (braces, sickness)
- Decrease in Net Worth: Savings Goals (budget categories I save for, i.e. groceries, etc.) is down (prices up!)
- Decrease in Net Worth: Used Car Purchase!
- Increase in Net Worth: Retirement Saving (stocks are up!)
- Increase in Net Worth: changed my budgets, increased savings!
Right now, the biggest thing we need to do is increase our emergency fund and build it back up. We now have a grand total of $200 in our emergency fund!!! Yikes!!!
