Friday, June 03, 2005

Monthly Wrap-Up: May 2005

For those interested, my household's financial overview for May is now posted on the main site.

Laugh to your heart's content.

— Posted by Michael @ 11:46 PM


Congrats on becoming debt free except the mortgage. Now climb up on top of your house and screem it from the rooftop. We've got to get America on board with this crazy idea of not borrowing money.


Am I missing something?

How come your net worth totals are higher than your totaled categories by about 30,000?


Anonymous Anonymous
, at 6:26 PM, June 04, 2005  

Good question. I don't list my mortgage and/or home value (equity of roughly $22,000). Also, I don't show my vehicles and their values (another $9,000). Didn't figure people would care so much about those items.



Anybody who spends any time around me at all and so much as MENTIONS money will probably get an earfull.

I'm already doing what I can to pull my coworkers along by their ears.


Thanks Michael - the reason I asked was that my numbers would be comparable to yours except that I rent and have no car.

I've been debt free for 8 months now. Its been just as delightful now as it was then. :) baselle

Anonymous Anonymous
, at 4:18 PM, June 05, 2005  

Hi Michael

Congrats on being debt free! That is my goal as well. Just wondering, you seem to spend very little on groceries (despite your comment that you didn't watch those this month.). We are married with 2 kids and we spend about $900 per month Canadian on food, dining and general household (eg. toilet paper etc). That is about $725 US. I know we spent more on food etc in Canada then in US but that is almost double. I would love to see your monthly expenses just to get an idea.


All Knowing,

Email me (link at right) and we'll talk expenses.

** Comments Closed on this Post **

Thoughts on my personal finances, goals, experiences, motivations, and accomplishments (or lack thereof).

My financial life began turning around when I took responsibility for it.
— Dave Ramsey


Start (2005-12): ~$21,900
Currently: $0
[About Our Debt Paydown]


Savings Goal: $15,000
Currently: ~$15,115
[About Our Liquid Savings Goal]