Frank the Financially Savvy Atheist - The F.S.A.

Good Morning, and welcome to the monthly update on the FSA household finances net worth conference call. In these challenging times, the FSA household management team has shown resilience in the face of adversity. Even though times are difficult, the management team (comprised of Mr. and Mrs. FSA) has stepped up to the plate and shown initiative to try and maximize shareholder value.

It is with that note that I would like to announce that we have launched a debt restructing and capital replenishing initiative designed to shore up the balance sheet. We have sold one of our cars online which allowed us to receive the maximum value for it (instead of trading it into a dealership at a loss) and will soon purchase a much more affordable mode of transportation for Mr. FSA. Until that time, Mr. FSA is carpooling with co-workers which saves on gas, insurance, and maintenance costs, and allows for paitience so that the best deal can be obtained on a quality used car. We will keep you posted on that initiative going forward.

Furthermore, with the end of year approaching, we anticipate that bonus income from continuing operations to be paid out in a timely manner. This income will be used to fund savings in the form of a Roth IRA and general savings, and will also be used to pay down outstanding debt. While we still anticipate taking out a 0% balance transfer to fund expenses for 2009, we anticipate net debt levels to decrease by about $10,000.

These are unprecedented times, and almost all major investment asset classes reflected this by declining. 401(k) numbers were down 16% MoM, and 529 numbers were down almost 20%. Total assets declined 12.62%%, part of which was the effect of the debt restructuring initiative of selling Mr. FSA's car.

Liabilities were also down significantly due to said debt restructuring in addition to regular debt payments. One thing that we have instituted this month was a reshuffling of debt payments to ensure that the current highest interest rate debt was being paid the fastest to maximize interest savings.

Overall, total net worth stands at $4K. This is a substantial drop, but giving the unprecedented times we find ourselves in with almost all major asset classes declining, the management team believes that having a positive net worth is something to be proud of.

I will now open the confernce call to any questions.