November has been a crazy net worth month due to the stock market volatility. Many times throughout the month, our net worth dipped over $800 below what we ended October with. We also had a few large annual bills come due this month including a $1,842.84 condo tax bill, $880 auto insurance bill (1 years coverage), and a $416 condo insurance bill (1 years coverage). That being said, we are thankful to have ended the month with a net worth increase of $2.01 over last month, for a total net worth of $27,174.69 (click on spreadsheet below).

What worked this month?
First, we feel great about paying our condo insurance and truck insurance for the year, rather than financing both over many months. Secondly, we’re thrilled to have completely paid off our 0% interest Chase credit card ($999.49), eliminating the last of our credit card debt. Finally, we fully funding my Roth IRA for 2007 ($4,000) by contributing the final $500.

What did not work this month?
Our 401(k) took a pretty good hit this month; it was down $1,105.63 from last month. Our savings also shrunk by $845.04, but only because we pulled funds out to pay off our Chase credit card. With the stock market volatility and our large bills this month, the damage could have been much worse.

What’s coming next month?
December should be a much quieter month. There are no large annual bills looming in the next 31 days and hopefully the market will settle down. We’ve been greatly blessed to have already reached our net worth goal for the 2007 ($22,000); any net worth increase in December will be going towards our 2008 net worth goal.