January 2005 Financial Status Update
Not quite 2005, but I’m going on vacation on Friday, so here is my monthly snapshot:
My net worth increased by $3006 since last month’s snapshot, which is pretty nice but a little skewed since I get paid bi-weekly and I got 3 paychecks this month. My non-retirement funds now total $25,411, an increase of $2045. Not bad considering since this includes my holiday damage. More analysis on these results later…
January 4th, 2005 at 10:48 am
My God man! The first thing you should do is pay off your huge credit card debt! Looks like you have the cash to do it, and I would bet the interest you pay on the credit cards is a lot higher than the interest you get from your cash. Also, the cash interest is taxable, and the credit card interest is not tax-deductable!
January 7th, 2005 at 11:42 am
Haha! Your interest comment is key - all that “debt” is at 0% APR, which I am placing in an FDIC insured account earning anywhere from 2.3 to 2.75% interest. Free Money!