So, it wasn't as bad as I thought. It actually was BETTER than I thought. I tend to forget about our retirement account as an asset. Really.....it is G-man's account, but this is one of those what is his is mine situations. Now, per the regulations on the retirement account, we can only borrow what we have contributed (if we absolutely needed liquid asset). We have taken 2 loans against the account over time....one for closing costs on the house (which was paid off in 2006), and the current one we have $4475 left on.
Taking this into consideration, the numbers now look like this:
Now we have a negative net worth. On our way to a positive....but still...a bummer.
Which number am I supposed to use in figuring out net worth anyway???
So, I guess I will monitor this now. Not sure I want to do it monthly....maybe quarterly. Thoughts?
