Checking Back In With A Net Worth Update

It’s been awhile since I’ve posted and I apologize for the delay. But, I’m happy to report that the project I’ve been working on at work has gone very well. I can’t share too many details because of confidentiality agreemens, but I’ll just leave it that it’s been one of the most gratifying projects I’ve worked on in my career, and I’m proud to have been on such a great project.

Anyways, now that we’re back I’ll share the net worth update for March 2009.

As you remember, February was pretty brutal month in the stock market, and therefore the net worth update was what I had expected: Not good.

Overall, our assets dropped 2.33% in value, but on the plus side, the debt we carry dropped by 0.81%. This was thanks largely in part to an ‘early’ income tax refund that a good portion of which was applied to debt.

What happened was that after I changed my filing status from single to married, I started getting a lot more take home pay. I took that and stuck it in an earmark of our savings account titled ‘2008 Tax Refund’. Now that I’m reasonably sure that our actual tax preperation will give us a refund, I simply took that money and applied it as if we’d gotten a full check from the government.

When we get our real check, we’ll have a bit more to apply to debt as well.

But, anyways, overall our net worth fell 5.0% for the month. Not good but given the free fall that took place in the stock market, I’m not too worried and think we’re headed on the right track, especially given the fact that we’ll soon be losing my wife’s income since tomorrow is her last day!

More on that as we continue to resume regular posting!!!!!

Copyright 2017 Original content authorized only to appear on Money Beagle. Please subscribe via RSS, follow me on Twitter, Facebook, or receive e-mail updates. Thank you for reading.