Don’s Net Worth Update – January 2013

Jeez, has it been since May?  I’ve been keeping away from posting on here basically because we’ve been spending money like crazy and our numbers are not looking terribly good.

Anyway, here’s the update.  Current net worth $272,378.

I’m definitely disappointed to see cash go down so far and credit card debt go up.  That’s mostly due to the deck I built this summer and the hot tub installed on top of it.  I had turned the bright light of the Savings Laser onto the deck project and saved up around $10k, but I hadn’t budgeted nearly enough.  In fact, I was about $6k short.  So we financed that through a 12 month, no interest credit card which will come due in May.  In the mean time we’re saving the cash up so in a couple of months the balances will just switch out.

That would have been bad enough, but our dog was diagnosed with cancer.  It’s a long story, but ultimately we decided to treat her and that destroyed our emergency fund and left us around $7k less wealthy than we would otherwise be.

So I’m happy to say that there was growth in the last 7 months, but it was very minor–just 5%.