Hoarding Cash

I’m holding onto a lot of cash at the end of April. My net worth is going to look screwy I think.

For the most part, it’s totally artificial because I took out a $5K balance transfer on one my credit cards to cover the bathroom remodel. I wonder if I should hold back some of the cash reported because it’s in reserve for the construction.

At any rate, I’m still gathering numbers for net worth valuation for April. I always have to guess my mortgage numbers since one of the statements doesn’t come until after the month closes. (But usually the guess I make is pretty good, +/- $200)

Here’s to you Ben Bernanke for yet another Fed rate cut. I don’t think it’s really going to do anything for me at the moment. It’s likely working against me since I won’t be able to find a better paying interest rate on my emergency fund CD’s this summer. pooh.