February Update
AJ | March 8, 2008 | 1:29 pmThe month of February was a very busy time for me again. Using www.mint.com has allowed me to see where my expenses are going and how frequently I am paying them. Another feature that I like about Mint.com is that it is always alerting me towards where my money is going and when my next bills are due. Those features comes in very handy. I try to update my information on the website daily. I cannot currently track my savings account with ING Direct or my brokerage account with Sharebuilder (a subsidiary of ING Direct), however that is fine because those accounts are very secure. I recently read that out of all the major banking institutions that ING Direct has the least amount of fraud being committed against them.
I have been able to put up a graph of my current credit card debt in my side bar. The amount of debt that was reduced at the end of January was at 9.95%. At the end of February it is currently only at 3.21%. So the balance on the credit cards increase by about $100. At the end of February, my net worth was (23,288). This is funny because my liabilities decreased by my assets decreased dramatically by about $10,000 when I went and got my truck appraised. So my net worth is worse off than last month.
I do have a positive from last month; I was able to pay off one off my revolving accounts. The initial amount that I borrowed was $1800 back in November 2006 and I was able to pay it off in under 15 months. So I am reducing my debt slowly but surely.






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