(+0.67% Month / +23.41% YTD) November 2008 Networth
With the S&P 500 down almost 45% YTD it was nice to see a minimal increase in our networth for the month as well as a steady increase in our YTD networth. Here’s how November shook out….
November Highlights
- As habit now, we saw a steady decrease in our IRA accounts. Thankfully we only have about 30-40% of them invested in the markets and rest is cash, but it is still pretty depressing watching the values drop as fast as they have been. But hey, I guess it’s not lost until you sell it and we don’t plan on doing that anytime soon.
- The majority of our increase came from our cash savings once again. Because we were able to save over 40% of our income this month we were able to get within $9,000 of our $22,500 down payment goal. Although we were hoping to have the full $22,500 saved before we found a house we may have to adjust that plan. I don’t want to jinks us, but we just put an offer in on a house in a great location and priced perfect for our budget. If we end up getting the place we are not sure what we’ll have to bring to the table because different types of loans require different amounts down and we aren’t sure what type of loan we are going to be getting. However, if needs be we will dip into our real emergency fund to cover whatever we are short, but we are hoping to work it out so that won’t be necessary…let’s keep our fingers crossed. Maybe later this month we’ll have a good news post.
- Our credit card bill was a lot higher than normally budgeted this month, but that is because of Black Friday. We had some money set aside outside of our monthly budget for Christmas gifts so that is why our balance is so high. However, we’ll be able to keep our streak alive of never paying a cent of credit card interest.
If you’d like to see how we’ve made it to where we are and how our networth has grown over the year check out the “Networth Page“
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