Net Worth Update: February 2008

by Kevin on March 7, 2008

I made a mistake in my last net worth post. I posted at the beginning of February and titled the post ‘February 2008‘. I should have titled it for January because February hadn’t occurred yet. So I’m posting again, but this time it is in March updating for February. Ah, well.

At the end of every month you see these little reports popping up all over the personal finance blogosphere. I always way a little bit to update ours so our mortgage payments can clear. My wife gets paid on the last day of the month, so our payments don’t usually hit until early in the following month. I still count for the month before.

February was a fantastic month for us! Our income was above budget due to my commission structure, and we paid down extra on the 2nd mortgage. We fully funded a Roth IRA as well. On top of all that, work deposited my matching 401k fund money from last year — a whopping $750. Our company match isn’t great, but I was definitely surprised to see such a big jump in my account. With the markets being down, it could not have come at a better time either. We’re definitely buying at low prices these days.

End result? Net worth increased 5.70% from the previous month. I’ve only been tracking this two months, but the overall increase in net worth has been 6.90%. I am incredibly happy with that – a huge number for us!

{ 1 comment }

JB March 7, 2008 at 4:04 pm

That sounds great – keep it up… I’m guessing your going to keep the actual numbers private?

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