No Debt Plan

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It’s that time again… let’s look at the old net worth numbers.

We had another good month in March. My income varies as I work on a base plus commission basis. February was a great month, March was a good month. On top of that, we changed my wife’s federal tax withholdings. We owed $500 last year, and she only worked half the year. We’re adjusting to make sure we don’t owe $1,000 or more. Because of that, her income “dropped” $80 or so.

Even with all of that, our net worth increased 4.46% over last month. I’ve been tracking our net worth since December of 2007. Overall, since that time, our net worth has increased 11.66%.

However, that number can be a bit deceiving. We save for a lot of purchases in advance. For example, we save our life and car insurance “payments” into savings every month and then pay semi-annually or annually. So eventually, net worth will drop a bit because the amount we have in savings will drop. Either way, we’re still making progress.