September 2008 Networth
Another month and another rough go in the financial markets. I was hoping that the markets were going to begin settling down a bit, but it looks like the exact opposite has happened. Although over 50% of our IRA accounts are invested strictly cash we still saw an almost 7% decrease in the accounts. Overall, our networth only dropped about $35, but that is mainly because a good chunk of our networth is straight cash (emergency fund and down payment savings). I guess in a market like this, that’s not a bad thing. Here’s how September ended up looking….
September Highlights
- Our credit card balance was a lot more manageable this month. We got all of our moving expenses taken care of last month so this months balance is about what we are spending each month on our cards. We are hoping to have a balance between $1,100 – $1,500 each month with our normal monthly purchases.
- We had a 200%+ increase in our HSA, but that is becuase it was the first month that we actually had money taken out of my paycheck and put into the account. We are currently depositing the maximum amount allowed each month since it is all pre-tax. We figure we’ll eventually use it for medical purposes so we might as well be paying anything we can pre-tax.
- Our 529 plan saw an almost 5% decrease in the month and that is even after a $50 deposit in the account.
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