September Net Worth
Posted on October 03, 2006 by Him and tagged net_worth
It has only been 21 days since the last time we've done this, but I thought that maybe I can actually get back to keeping track of our net worth on a regular schedule...
| July-August 2006 | September 2006 | % Change | ||
|---|---|---|---|---|
| TOTAL NET WORTH | -$81,480.59 | -$79,013.54 | 3.0% | |
| Assets | ||||
| Savings | $10,718.58 | $11,288.69 | 5.3% | |
| Cash* | $550.00 | $550.00 | 0.0% | |
| His SIMPLE IRA | $4,612.10 | $4,824.39 | 4.6% | |
| His Roth IRA | $6,367.83 | $6,374.96 | 0.1% | |
| His HSA | $411.55 | $935.77 | 127.4% | |
| Her 401K | $7,715.83 | $8,300.50 | 7.6% | |
| Her Roth IRA | $1,593.93 | $1,643.34 | 3.1% | |
| Upromise | $9.61 | $12.00 | 24.7% | |
| Automobile | $10,230.00 | $10,230.00 | 0.0% | |
| Household Items** | $25,000.00 | $25,000.00 | 0.0% | |
| TOTAL ASSETS | $67,209.43 | $69,159.65 | 2.9% | |
| Liabilities | ||||
| Credit Cards | $13,932.61 | $13,523.20 | -2.9% | |
| Student Loans | $134,757.41 | $134,649.99 | -<0.1% | |
| TOTAL LIABILITIES | $148,690.02 | $148,173.19 | -0.3% | |
Our net worth continues to increase due to many factors. We're agressively paying off our credit cards and student loans, putting money into our retirement accounts and letting them grow, and most importantly NOT ACCRUING ANYMORE DEBT. Yeah!
*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: Just let us have this one, okay? BACK OFF BITCHES.
Comments/Trackbacks
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Nancy | Oct 6, 2006
Why are you putting money into our retirement accounts while you have an $148,173.19 debt? Your retirement account is not growing because of all the interest you are paying on your loans.
We put funds into our SIMPLE IRA/401K because both of our employers will match our contributions. We like getting the "free" money. Those are the only two accounts we're actively funding, and we're only funding them to the point where we get the maximum employee match.
Please explain how our debt interest is preventing our retirement accounts from growing.
MillionDollarCountDown | Oct 7, 2006
Congratulations!!! This is good. BTW, I think you are being too hard on yourself by including student debt. I would rather have that than any other (yes including mortgage) kind of debt.
Best of luck.
I've been so ashamed about my student loan debt, even though it is "good" debt, I borrowed way too much, way too often. It actually made me feel a little better to see that you two have about twice what I have, so individually, you probably both owe about the same.
Carolyn | Oct 14, 2006
I think it is great that you are already putting money in a retirement account. I started my 403(b) when I was 24 and have kept at it for 21 years, even when I had other debt. It is immensely satisfying to see that money grow! I would agree that student loan debt is "good" debt, so just keep plugging away. One thing you could do is to put any future pay increases, windfalls, etc. towards the debt. Best of luck!
" Household items: Just let us have this one, okay? BACK OFF BITCHES"
whew, funnny!
I must ask, what is your profession? for you to accumulate that much in debt
Trackback sent from Enoughwealth's Personal Finance Blog on Nov 21, 2006:
It's interesting to see how the various PF bloggers who post Net Worth each month are progressing. Here's a summary of all ones I found. Leave a comment if I've missed yours out! Monthly Net Worth of PF Bloggers for SEP 2006:
Blo...
Continue reading Net Worth - PF Bloggers: SEP '06
Hazzard | Oct 3, 2006
You guys are doing great!! Slow and steady seems to be the key.
I think one of my favorite things is taking extra money that I get and putting it towards our net worth!
Don't sweat the people that give you crap for counting household stuff. As long as you calculate real market value, I think it's a legitimate category.
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