Comments on: November 2008 Net Worth Report – $39565.39 -13%

By: Llama Money

Llama Money — Sat, 06 Dec 2008 16:36:41 +0000

Hey Single Guy,

I can understand wanting to stop – especially anything stock market related – yikes! But I figure, if I can trap the upward movement in the good times, then I can track the beatings I take in a down time. I’m not alone with a shrinking net worth, and I think it’s important to continue sharing what’s going on, why it’s happening, and what I’m doing about it.

By: SingleGuyMoney

SingleGuyMoney — Sat, 06 Dec 2008 16:19:26 +0000

That’s a pretty huge drop. I was seeing drops like that in my finances each month and finally decided to stop tracking my net worth so closely. I’m now tracking my savings account and I’ve just started a new savings challenge.

http://www.singleguymoney.com/2008/12/singleguymoney-savings-challenge.html

By: Llama Money

Llama Money — Fri, 05 Dec 2008 23:36:51 +0000

The rates are good ( about 5% each ), so they’re not costing me a fortune in interest. I don’t have enough cash laying around to even pay off the lower loan, so it’s not really an option. I could pay off part of it… but then I’d be in a tough situation should I experience a job loss.

With the world the way it is, I’d rather hold tight to the cash.

By: dogatemyfinances

dogatemyfinances — Fri, 05 Dec 2008 23:14:07 +0000

Why do you hold on to the car loans? Why not pay them down?