October 2008 Networth
Wow…I really did not think that the market would continue it’s downward spiral like it has, but boy was I wrong. With a more than 10% decrease in our IRA, it was the second consecutive month that we saw a decrease in our overall networth. One bright side of the month was that we only saw a less than 1% decrease in our overall networth while the S&P was down almost 17%…..that’s not YTD, that is one month. I am hoping things will settle down once the election has past and we know who will be leading the country over the next 4 years. Here’s how we look at the end of October….
October Highlights
- We are now a little more than halfway to our goal of $22,500 for a down payment for our home purchase. We did not think we would be able to get there quite as fast as we are, but with the little rent we have to pay each month it has allowed us to save more than budgeted.
- Another month of massive increases in our HSA simply due to the fact that we are full funding it each month and we started it just last month. We were able to deposit a little over $675 plus the company match. It will be nice to have a medical emergency fund established and not have to use our regular emergency fund for medical purposes.
- Overall, another great month after all that has happened in the financial markets.
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