September 2007 Review – Assets +1.72%, Debts -0.29%

Share Button

Once again, it’s time for a monthly review of my finances. I generally break things down by evaluating my assets and my debts (which together make up my net worth), and then using these numbers, I attempt to set goals for the coming month. This is a useful exercise for everyone to do, simply so they can keep tabs on their overall assets and debts and make sure that they are consistently heading in the right direction. Let’s break it down.

Assets My assets went up very nicely this month thanks to better than expected income from my side businesses and a timely investment in the Vanguard 500 (I got in about two days before the Fed dropped interest rates). It was also helped by a strong lack of frivolous spending.

Debts My debt went down, too, this month. The percentage actually would have dropped much more than that except for the fact that the credit card payments I made at the end of the month hadn’t gone through yet when I did the figures – I had subtracted the bill payment from the assets, but it hadn’t hit the card yet. This included most of my expenses for food and for The Simple Dollar throughout the month.

Last Month’s Goals (see last month’s review)

An asset gain of 1.25% I exceeded this goal thanks to a pretty solid month on the stock market and some strong income. I think this goal was pretty appropriate for getting me to not spend money this month.

A debt reduction of 0.25% I managed to beat this goal even with my credit card payment for the month not going through yet. This was in large part due to a pretty nice payment that ate up about a third of my smaller student loan bill – I had been saving money in a savings account for that purpose.

This Month’s Goals

An asset gain of 1.5% Since I made the goal from last month, I decided to light a fire under myself and set that goal a bit higher.

A debt reduction of 0.5% Similarly, let’s light a fire here, though that credit card payment will help with this number.

Share Button
Loading Disqus Comments ...
Loading Facebook Comments ...

6 thoughts on “September 2007 Review – Assets +1.72%, Debts -0.29%

  1. “…I exceeded this goal thanks to a pretty solid month on the stock market …”
    So glad to read that.

  2. Congrats on exceeding your goals. With the stock market holiday season coming, I wish you many more months of meeting your goals.

  3. Are you including your home equity? Ours is down every month so I am unsure that to do.

    Thanks,
    Gina

  4. Allright…
    I just did mine, up 6% for the month! And 30% annually since I started keeping track (last year). Too bad I can’t do that every month…

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>