With 2007 coming to a close, I've spent some time looking over our family's finances. Well, I look often at our finances, but you know what I mean....
I updated my assets / liabilities information, and the first thing I noticed was that the amount I owe hasn't gone down at all from early this Spring. Even with making monthly payments on my 0% credit cards (car payments), my wife's student loan, and the mortgage, what we owe is still hovering around 240K, enough to make me want to duck my head underwater until I'm unconscious.
On the other hand, some good things have happened. I continued to add to our Roths (until recently, unfortunately), and our home equity has crossed the 20K threshold, over 11%. We've purchased or received almost $1000 in savings bonds and silver, and have increased our positions in several mutual funds through capital gain and dividend distributions, even though the market has been tough the last few months.
One main reason our debt has remained fixed is because we put on a roof this year and purchased a couple more windows for our daughter's room, pretty much finishing the entire second floor with energy-efficient windows. Total cost of roof and windows - $12,000. Also, since the summer, there have been a few months where we're spending more than we're making, sorry to say. Two kids in daycare can get mighty pricey, and the wife and I are not being super frugal...yet.
I do want to go into some more detail about the above happenings and some other financial matters.
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