November 2007 Net Worth Report (-4,670) – 2007 Net Worth Goal Unachieved!

Dec 04, 2007 @ 09:53 am by EMS

I’m not too happy to report my first ever monthly decrease in net worth (dating from even before this site was started). A horrible month in the stock market really hurt my holdings. We also spent too much in several categories. November has traditionally been an expensive month for us, considering that Christmas and all of its related gifts are right around the corner, but this month it seems amplified for some reason. I think having the 0% credit card until July is also somewhat responsible. Subliminally, if I know that I’m going to have 6 more months before paying for a product without penalty, it makes it easier in my mind to convince myself to buy it.

I guess I’m going to just count November 2007 as a hiccup. In addition to all the Christmas presents, there were several one-time purchases that I made this month for items that will last a long time. The biggest hit probably came from the Mac Mini I picked up to replace my 6- year old PC. In addition to the $700 computer, I needed to buy several software packages, new USB hard drives, a new speaker system, and a new keyboard and mouse so that I could put my old PC in the basement and keep it operational.

This negative month also pushed us .5% back from our 2007 goal of increasing net worth by 25%. However, I don’t see us missing that goal, given that December should actually be a fairly inexpensive month.

November 2007 Net Worth



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