Ah, the first of the month. Also know as Spreadsheet Day in the Fecundity household. You can see the results on my January NetworthIQ entry.
We were supposed to be having a party with all of my mom’s relatives today in celebration of my Gran’s 90th birthday; however the foot of snow we’ve been socked with put a damper on said family’s travelling plans. Downside: I’ll only get to see my almost 3-year-old Australian niece briefly for lunch tomorrow instead of for an entire evening and morning. Upside: We’ll save the $300+ that dinner, a hotel and a fancy brunch was going to cost. I’ll subtract what lunch tomorrow costs us from $300, and send it to the student loan.
- The Emergency Fund is up significantly. We should be able to get this to $5000 by June without problems.
- Cash is up due to generous Christmas cheques from our families.
- Retirement funds are up slightly, mostly due to contributions rather than growth.
- Stocks slipped a bit further.
- The credit card is up due to pre-Christmas spending. As always, the balance will be paid in full before the due date.
- Hubby’s remaining student loan is down significantly. We’re well on our way to paying it down by $5000 by Baby Day.
Current Net Worth:
So, we made the goal of $10,000 by January 1st. Just. Yay!
Clearly the flaw in calculating net worth for short-term goals is that you can’t account for market fluctuations. But, since short-term goals are merely surrogates for desired long-term outcomes, and were're definitely moving in the right direction, I’ll live with it.
Happy New Year everyone. All the best for all of your goals of 2008!