Every month I calculate my net worth and then publish it. While the exact figures of my wages are not disclosed, what it does to my net worth is. This month I remain in debt, but my net worth continues to rise.

The rise was partially due to an unexpected boost this month – I received my cost of living increase (2.5%) backdated to April, as well as the expected overtime payment.

The end result is I took home far more than I’d calculated last month. You can see from last month’s post that I was not going to have a positive net worth until December 2009. This was still ahead of my New Years Day target, but cutting it a little fine.

This month’s spreadsheet appears a little rosier. Last month I owed almost £5,000 more than I had. This month that has reduced to £2,812 – very nearly half my previous month deficit!

Come November payday I will be debt free, if all goes according to plan. If I can make up an additional £1,252.16 between now and then, it may even be earlier than that. I am working hard to try and make that a reality.

I’m not out of the woods yet, but I’m getting there slowly.

• Hedging Against Pump Price Increases
• Personal Finance: Pessimist or Frugalist?
• Catching A Perception Shift
• The Credit Crunch Has Positives
• Is Debt Worth It? Does It Matter?

• Save Time, Money and Space in Over 80 Ways
• The M-Network Shares Their Net Worth - You Know You Want To Peek!
• Net Worth Update - October 2007
• End Of December and 2008 Financial Status
• Net Worth Update - May 2007