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

A SQL query goes into a bar, walks up to two tables and says, "Can I join you?"

And so it goes...life that is. I felt a little better that Madame X over at my open wallet had just made the same mistake that I did, namely forgetting to pay a bill or two. I had the same sentiment that she did: what is wrong with me? At least I was able to reverse most of the related charges.

I feel so out of it nowadays. Hardly have any energy left. Maybe it's because I really am getting old(er). Not sure what it is, but I need to break out of it. At least I'm in good company.

Oh my poor neglected blog. Where have all my time gone to have left you here all alone without posts. Well, lets see. Things are hectic at work, and with my wife finishing school, things are hectic at home too. All in all, I'm left with very little time to sleep much less blog about this that and the other. I still need to post my debt reduction tool as well. I will get to it, eventually. If anyone wants a crack at it, just send me an email and I will get it to you.

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.

I was finally able to finish up another tool for my suite of excel financial calculators. This time it is a multiple debt payoff tool. I was going to have it done sooner, but per mapgirl's introductio of a the free debt reduction tool powerpay that could do all kinds of fancy things like having extra payments that weren't monthly, and that forced me to redo mine.

So for my tool, you can enter your debts and you can also decide whether or not you want the monthly payment to be applied to other debts after the current debt is paid off. Moreover, my tool can also do different kinds of extra payments now (Monthly, Annually, etc). So take that, Powerpay.

Full post with screenshoots coming later. Right now, I need to get some sleep.