Should I Ditch The Earmarks?

In our net worth, I have a series of earmarks, and I’m wondering what your thoughts are on getting rid of them.

Here’s a brief rundown of how my ‘system’ works when it comes to earmarks.

We keep money between an ING Direct savings account and an Ally Demand Notes money market account to cover the following:

  • Emergency Fund
  • Future New Car Fund
  • Vacation Fund
  • Electronics / Furniture Fund
  • New Roof Fund
  • Car Maintenance and Repair Fund
  • Escrow Fund (we pay our own property insurance and taxes)

Read moreShould I Ditch The Earmarks?

Can’t Argue With That….January 2011 Net Worth Was Great!

Since I don’t post actual figures, I don’t spend a lot of time on net worth updates these days.

However, I was happy with January’s results.

Assets went up +1.77% and Liabilities (Debt) went down -0.34%.

Together, this resulted in a +2.4% Net Worth result for the month.  Not a bad start to the year!

What’s even better news is that this is the fifth straight month that net worth has gone up.  I know a lot of that has to do with the improvements the stock market has seen lately, but that’s the longest month-over-month streak of positive gains since there was a seven month stretch between 2005-2006.  This streak has actually seen a larger overall net worth gain from a percentage standpoint (15% vs. 12% in the 2005-06 streak).

All in all, I’m happy.  I expect that, as usually is the case, something will give.  The market is probably due for some corrections soon given the amazing run it’s had.  Still, it’s a nice step in the right direction.