Tuesday, August 26, 2008

Updates to Net Worth and Savings Goals

Net Worth
We have received our 2008 appraisal and real estate tax information for our Florida properties. Not surprisingly, our appraised values are down by about 5%. It is surprising that the appraised values are not down more than 5%. But, our official appraised values are quick to rise and slow to fall because the bulk of taxes in Florida are based on real estate (no income tax).

I have updated our Net Worth IQ chart if you want to see the dirty details.

2008 Savings Goals
2008 goals:
(1) 2007 IRA - $8000 (this goal is now closed)
(2) Car fund - $17000
(3) E/R fund - $10000 (this goal has been completed!)
(4) Baby fund - $5000
(5) 2008 IRA - $10000
Total: $50,000

Current numbers: (1) $4000 (50%.)
(2) $15787 (Progress - 93%.)
(3) $11280 ($18,972*) (Progress - 113%)
(4) $5
(5) $0
Total: $31,072 (Progress - 62%)
* Our emergency fund already had $8000.

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