Our household net worth is slipping, of course, but not plunging.
As of Dec 1, we were at about $223,000. Retirement accounts and college accounts are in the toilet. Cash is holding steady but will go down when I pay taxes in a couple months. I save 35% of my freelance income in a special account set aside for taxes, and that will be depleted if not wiped out when I pay my 2008 taxes. I recently paid all the back taxes I owed the City of Philadelphia because I didn't know I was supposed to be paying the Business Privilege Tax and the Net Profit Tax on my self-employed income. I learned about it a few months ago and just submitted tax returns to the city for 2004, 2005, 2006 and 2007. Maybe they should publicize those taxes better....
I'm rambling a bit. Must be bedtime. Long, long day.
Complete net worth report is here:
https://www.networthiq.com/people/TBH
04 December 2008
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