Medicated Money

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Medicated Money

Another Damn Good Question

JLP over at All Financial Matters posted another great question of the day.
Should home equity be included in figuring net worth?

As some of you know, I recently had a post that discussed what should and should not be included in one's net worth. Unfortunately, we currently do not own a house, so we do not face this question on a daily basis. However, if and when we do own a home, our plan is to not include the home equity into the equation. Why? Well, I'll answer that question with a question: How do you determine that number?

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Here's To You, Mr. EBay Buyer!

Being in the medical field, Mrs. Medicated and I have spent a few Ben Franklins on books that we needed to study with while in school. While in school, we were just dating, not very financial savvy, and poor students living off student loans! We didn't spend much money, but we did spend a lot on different medical textbooks. We both needed to purchased the same books for the same classes to learn the same material. Why do I bring this up? Well, fast forward now years later and our bookshelf in the office is filled with medical book after medical book from top to bottom.

This is posted on our old site! To read more, please come visit us at our new site: http://www.medicatedmoney.com/!

Getting Back To Work!

We are happy to announce that Mrs. Medicated has found a job and is planning on starting this Monday. As you may remember, we moved from Texas to the Northeast so Mr. Medicated could take a new job. This job has been going extremely well.

This is posted on our old site! To read more, please come visit us at our new site: http://www.medicatedmoney.com/!

Determining One’s Net Worth: Honey, What’s The Dog Worth?

So, honestly, what should be included in one's net worth? Just the basics? How about everything and the kitchen sink? The reason I bring this up is that I love reading the net worth postings (like here, here, and here) that always come in at the beginning of the month. When we decided to start posting our net worth, we wanted it to represent not only our financial status, but a monthly reminder to get our ass in gear and clean up our financial mess. At least this is what I would tell Scott if I was asked "why do you post your net worth?" The thing is, the more and more I read, it seems like many people count everything when they calculate their net worth! However, Mrs. Medicated and I are a little different. We do not tally everything when it comes to our net worth. Why would we do that? Well, there are a couple of reasons, but let's first talk about what we do and don't count.

This is posted on our old site! To read more, please come visit us at our new site: http://www.medicatedmoney.com/!

Net Worth - September 2006

After a rough hit to our Net Worth in the month of August, we were determined to make up the ground lost and then some. Our net worth this past month did extremely well due to 2 main factors.

Instead of paying for unexpected expenses (not completely unexpected in knowing that we were going to move, but still cost more than expected), we were able to get back to paying down our debt and saving money.

Even though I am the only one working (Mrs. Medicated starts her new job in 1 week, but more on that in a different post), we did receive extra pay from our old employee based on our PTO (paid time off) which off-set the fact that we received just one new check in the month of Sept.

With that stated, let’s take a look at the numbers:

This is posted on our old site! To read more, please come visit us at our new site: http://www.medicatedmoney.com/!

Auto Insurance: Unfortuanely Revisted

“You know, somebody actually complimented me on my driving today. They left a little note on the windshield that said ‘Parking Fine!’ -Tommy Cooper

With the move from Texas to Pennsylvania, we knew that we were heading into a increase in cost of living from one to the other, and we would need to adjust our monthly budget due to this. With that being said, we needed to switch our Texas auto insurance to a Pennsylvania policy to complete the registration of our cars. Needless to say, many people warned me to be ready when I saw the rates jump considerably between states.

This is posted on our old site! To read more, please come visit us at our new site: http://www.medicatedmoney.com/!