J.C.’s Money Blog

Here is my updated net worth for January 2008:

Some highlites:

• I moved back to the States.
• I paid off my car, making me completely debt free.
• I sold my car which gives me two new problems:

1. I have to buy a new car. This has a kind of artificial impact on my figures for this month since I have cash and no ride. Therefore I have created the “I need a car” liability, since that cash will soon be gone. I’ll try to find a cheap used car for about 6 grand.
2. I have significant cash that I need to keep available. Right now I have most of it sitting in a Bank of America savings account earning 0.2% interest, which is pathetic.

I usually don’t keep so much cash around (as you can see by the 1670% monthly increase in savings), so I haven’t bothered to open a high yield savings account. I am beginning to do some research into that, so we’ll see soon which account I go with. Anyone have any good suggestions?

Overall a 5% gain is pretty good for the holiday season. Next month will be my last month with my company, so I will work hard to save every last penny of income that I can, because I’m going to need it!