Each month I am going to be doing a money update regarding where me and the wife are with our finances. This is inspired by J. Money’s Net Worth Updates. Here is where we currently stand (click the image):
Our Net Worth increased to by almost 1.5k! I don’t know where this money comes from (hint: it comes from Jesus :P)!
Savings: We are not putting anything else into our savings right now, so it is only increasing based on interest.
Roth IRA/Standard Stocks: Getting the data for May was too much of a pain. It will be updated for next month though. We are also not investing anything more right now so this will increase/decrease based on the market.
Credit Cards: Besides the standard minimum payments we paid almost $600 extra toward one card. It will be paid off next month and we will be down to 1 last credit card! It’s cool to think back to when we started this and only had $150ish extra to pay toward debt!
Personal Loans: Normal payment here.
Student Loans: Ah the price of education. With a credit card being paid off next month, the rest of the money will be placed toward paying off one of these student loans. I’m excited to see that number go down!
Next week I’ll talk about how to use credit cards in your favor!