May Net Worth - Strong Month
Posted on June 08, 2006 by Him and tagged net_worth
| April 2006 | May 2006 | % Change | ||
|---|---|---|---|---|
| TOTAL NET WORTH | -$94,405.24 | -$90,945.05 | 3.7% | |
| Assets | ||||
| Savings | $4,428.30 | $5,824.10 | 31.5% | |
| Cash* | $550.00 | $550.00 | 0.0% | |
| His SIMPLE IRA | $3,619.25 | $3,695.59 | 2.1% | |
| His Roth IRA | $6,491.96 | $6,174.57 | -4.9% | |
| His HSA | $449.59 | $454.41 | 1.1% | |
| Her 401K | $6,375.00 | $6,625.53 | 3.9% | |
| Her Roth IRA | $1,300.00 | $1,504.00 | 15.7% | |
| Upromise | $57.26 | $62.97 | 10.0% | |
| Automobile | $9,595.00 | $10,090.00 | 5.2% | |
| Household Items** | $25,000.00 | $25,000.00 | 0.0% | |
| TOTAL ASSETS | $57,866.36 | $59,981.17 | 3.7% | |
| Liabilities | ||||
| Credit Cards | $16,865.20 | $15,777.77 | -6.5% | |
| Student Loans | $135,406.40 | $135,148.45 | -0.2% | |
| TOTAL LIABILITIES | $152,271.60 | $150,926.22 | -0.9% | |
May was a pretty good month for us. Her worked a lot of overtime, and I got a modest raise. That allowed us to pay off more credit card debt, and will also allow us to put more towards that debt on a regular basis. We're also beefing up the wedding fund with some of that money as well.
The value of the car...went up. I'm thinking there was something I did wrong last month on Kelley Blue Book that I fixed this month. Whoops.
*Cash: This variable doesn't change month-to-month since that's about how much we have in our checking account, couch cushions, wallets, etc., at any given time. I'm thinking this category may just disappear in future iterations.
**Household items: We know we're going to get shit about this category again, so in the next month or so I'm going to actually try an assess what all of our crap is worth, along with asking you guys whether or not it should be included. Until then, it stays. Anyway, we like the fact that we can get a little help from it, you know?
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Heather | Jun 8, 2006
Your numbers looks a bit off. Your blue book value increase but you have it listed as a negative. His HSA also increased dollarwise but it is listed as a negative percentage.
Thanks for catching the errors. I've fixed them.
Maybe I should just post a screenshot of the excel file like everyone else does. Doing all of this by hand can get quite tedious and is an error prone method.
Him,
Thanks for the post on my site. Looks like you guys keep improving. If you need anything, let me know...I added you to my site.
Chris
Kim | Jun 8, 2006
Good job on the credit cards, paying off almost $1100!
And about the car, mine also has had a couple of months this year of negative depreciation. What kind of car do you drive? Does it get really good gas mileage? Mine gets 28-34 mpg and I'm guessing that the resale value of the car is going up because of gas prices and people downsizing from guzzlers.
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