As of the end of November our Net Worth decreased to $604,118 from $654,452 for the month which is a 7.69% decrease. Talk about dropping off a cliff, just look at the Net Worth chart! We are not panicking and will continue to make some additional conservative stock purchases and tighten the budget a little more as the recession continues into 2009.

The breakout is as follows:
ASSETS
Retirement Accounts $253,426
Taxable Accounts $78,942
Cash $34,233
Home $205,000
Cars $14,500
Personal Property $3,000
Kids 529 Accounts $20,217

DEBT
Credit Card $5,200

Here is the summary for the month:

Our Net Worth decreased by over 7%, for the month, most of which is from the drop in the stock market. This brings our net worth to values not seen since early 2004. I did make a couple of additional purchases to our dividend stocks this month using some additional cash.

You can click on my Net Worth graph on the right to see the changes in each category from the previous month. I continued funding our Roth IRA's this month. I am keeping a high level of cash that I will use to fully fund our Roth IRAs for 2008 and 2009. I also have a savings account to fund the replacement of my wife's car in a couple of years. This is the first time in a while that I have a credit card debt but I will pay the card off in 12 months with no interest.

I will post my Dividend Income Update on Tuesday, where the bad news continues....