I’m holding onto a lot of cash at the end of April. My net worth is going to look screwy I think.
For the most part, it’s totally artificial because I took out a $5K balance transfer on one my credit cards to cover the bathroom remodel. I wonder if I should hold back some of the cash reported because it’s in reserve for the construction.
At any rate, I’m still gathering numbers for net worth valuation for April. I always have to guess my mortgage numbers since one of the statements doesn’t come until after the month closes. (But usually the guess I make is pretty good, +/- $200)
Here’s to you Ben Bernanke for yet another Fed rate cut. I don’t think it’s really going to do anything for me at the moment. It’s likely working against me since I won’t be able to find a better paying interest rate on my emergency fund CD’s this summer. pooh.
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{ 3 comments… read them below or add one }
I think the fed is trying to unfreeze the credit market and get banks to trust each other, and the only way to do that is to grease the proverbial skids.
*sigh* I can’t wait until Ben starts singing a different tune.
I wouldn’t hold back on cash numbers for your April networth. You took out against a credit card so you have an increased liability as well. It will look like a bigger hit to your net worth when you pay for the construction, but I think that is ok, it is a big hit you are taking. That dip on your graph will make it easy to remember where the money went.