I added just above 2% to my net worth this month. The market performed a little better in June than in May. That helped, but only slightly. Continue reading for the details.
My cash accounts are higher than they should be because at the end of the month, I received two refund checks that will be applied to my student loans as soon as they are consolidated. The “other” cash account is mostly tuition for my final course towards completion of my MBA. The class begings in a few weeks. Once it begins, I transfer (in Quicken) the reimbursable portion of the tuition cost to my personal accounts receivable.
My SEP IRA, which I funded in April and have not contributed to since, has been consistently losing value. It is invested entirely in an international equity mutual fund.
My credit card balances will be paid in full, so I pay no interest there. However, I do take advantage of store credit cards that offer discounts on things I need.
My student loan balance has increased due to the final disbursement of my last student loan. Most of my education expenses are reimbursed by my employer, but I don’t always use the reimbursements to pay off the loan, since the interest rates have been pretty favorable. I will officially obtain my degree on August 22, and at that point I will begin vigorously paying them off.
Perhaps I’ll find a new job paying more, taking advantage of the new degree, which will help with that part of the plan.
Stay tuned for my latest personal income sheet.
Published or updated July 6, 2006. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @flexo on Twitter and visit our Facebook page for more updates.
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Luke Landes founded Consumerism Commentary in 2003 and has been building online communities since 1990. Luke, also known as Flexo, has contributed to PC World Magazine, US News, Forbes, and other publications. 
