The American Dollar
OUR FAMILY. OUR MONEY. ONE PERSONAL FINANCE BLOG.
One industrious American family's focus on a financial goal of freedom. Through worldly personal finance education, here is our story.
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Our Story: Both my wife and I are 27 years old and have gone through financial hell and back. Now we are on track to financial freedom, however we are not financial advisors or professionals, just everyday people. Share our journey from a negative networth and email us if you have questions or comments! :)



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Saturday, March 04, 2006

Growing EQUITY in my home



While I was browsing online at the property values in my area, I came across my state's land records. The city/county basically lists the value for the home, the amount for property taxes, home dimensions and so forth. I put in my home's specific parcel or lot number in my area (they use something called a GPIN). I found that starting in 7/2006 my home value jumped about 18%! This is mostly due to the land value moving rapidly from $55,000 to $85,000 and additional home improvements made to the home. I was so excited I told my wife and she insisted that we are on track to make more major improvements to the home. Im going to list on the blog what changes we plan to make this year to further the value (while of course still paying down the mortgage). Updated the online networth today too.

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Emergency Fund
40%
$25,000
2007 Roth Contributions
$8,000 Total



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