July Networth - Ohh So Late

I don't put a whole lot of stock in net worth as a measure of wealth, but I do value the exercise of performing the calculation because it forces me to address the amount of debt in my life.

Since my MS Money meltdown I have been flying without any financial management tool's help. I must say that the manual process of going into each account I have and noting the balance as of July 31, 2007 is a big pain in the ass.

The fruits of my labor were not surprising. My net worth went down like the stock market. I am currently running a net worth of -46,087 which means I lost 1.8% over last month's progress. Please see the net worth IQ graph in the sidebar for a visual.

This month was tough, I took about a grand from the girlfriend as a small personal loan to help keep myself liquid during the move. It ended up working, but I think that I am going to have some serious issues moving forward with cash flow due to me having to foot the new apartment all by my lonesome.

I think that I am going to switch to Quicken. Today I got a $10 coupon in the mail and commenter "adammm" was extolling the virtues of said program after my MS Money fiasco. How much different could Quicken be to Money?

Unfortunately, I don't think that August is going to be any better. More details to follow.

Photo Credit: Man's Daily Struggle