Wednesday, July 9, 2008

Net Worth - July 2008




Okay - I'm back under 30K for my net worth. Or is it 'above 30K'? Whichever one means I'm doing better - 'cause that is what's happening.

Though it's just barely, so maybe I jinxed myself and next month will swing back the other way slightly (not due to CC spending of course, but due to stock losses, etc...). Either way, I'm continuing a path of overall improvement. I boosted my savings/emergency fund - which is still a continual work in progress - have paid down some credit card debt and am looking at my last car payment for what is hopefully a long time.

You'll note my pre-tax brokerage (401k) hasn't changed - I don't know if that's accurate or not. It turns out my former company, which still holds my 401k, is in the process of changing the company which manages the accounts - so I don't have new login information yet. But it's fine, because my open enrollment period for my current company is this month anyway.

I plan to roll it over and am considering contributing again. Now, yes, I realize I haven't paid off my debt and that I should focus on that, but I feel that I'm leaving free money (company match - which is in the form of profit sharing) on the table by not contributing.

What are your thoughts?

1 comments:

lu3 said...

You should ALWAYS take the free money. But fund the account only up to the match; use all other available funds to reduce debt instead.