December 2014 Net Worth Update (+$1,239)
Highlights for December
- We have earned approx $3,000 (in gift cards, points, and miles) through 6 credit card signup bonuses this year. Our credit scores are still hovering around 800, but since we have no plans to utilize our credit for other financing anytime soon, we are making a little money off our credit scores by taking advantage of these promotional opportunities.We are not spending extra, but focusing our spending on these new cards to earn the bonuses.
- Our properties are listed on our balance sheet based on their cost basis, not current market value. We have done this during the the real estate market highs and lows. I believe real estate is too illiquid to list based on recent sale transactions. For those interested, our November Zillow property estimates are: $205,750; $127,006; $296,989; and $227,259 (total: $857,004 vs $751,255 on balance sheet).
- Our expenses were up significantly in December due to Christmas shopping and annual real estate tax payments for 2 of our rental properties. We ended the month with our net worth balance up slightly.
- I switched from AT&T to Cricket Wireless for my cell phone this month. My contract recently ended and I was able to purchase a phone with a Cyber Monday deal. I paid $210 for a new phone (my current phone had become unreliable. I reduced my monthly bill from an average of $70/month to $35/month. The change increases the minutes and texts available to me, but throttles my data after 1G (vs 2G w/ ATT) and doesn't offer the same international connectivity. Its worth it to me to cut our monthly phone bill in 1/2. We expect to save $420 (annual savings $35 x12) - $210 (cost of phone) = $210 over the course of the first year.
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