• February 2007 Net Worth

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     January 2007February 2007% Change
    TOTAL NET WORTH-$66,274.27-$64,178.273.2%
    TOTAL CHANGE FROM JAN 2006+$36,954.65 
    TOTAL CHANGE IN 2007 (Goal of +$32,000) +$6,609.67 
    His SIMPLE IRA$6,670.08$7,009.685.1%
    His Roth IRA$6,455.70$6,232.81-3.8%
    His HSA$557.76$291.57-47.7%
    Her 401K$10,605.57$10,963.853.4%
    Her Roth IRA$2,732.94$3,051.9911.7%
    Automobile ?$10,080.00$9,970.00-1.1%
    Household Items ?$25,000.00$25,000.000.0%
    TOTAL ASSETS$71,489.61$75,629.225.8%
    Credit Card 1 (~0%)$4,276.06$4,198.68-1.8%
    Credit Card 2 (Rewards)$0.00$2,517.53A lot
    Student Loans$133,487.82$133,091.28-0.3%
    TOTAL LIABILITIES$137,763.88$139,807.491.5%

    Those following our net worth statements will notice the introduction of the new credit card to the liabilities category. That card is our AAdvantage rewards card that will be paid off every month. The primary reason for the large balance on it this month is that I have paid for a business expense with the card and am waiting to get reimbursed. Otherwise the other stuff on that card are the things that I’ve discussed before.

    The 0% credit card statement hasn’t come in yet. In January when we paid off a large chunk of our credit card debt, we decided that we’d pay the minimum due for this card. In February we dropped another $500 on this card, and that should be reflected in next month’s net worth statement.

    This month has been quite a roller coaster ride in terms of cash flow. We received some income this month that we were waiting for last month, a tax refund, and a bonus. All of that has been nicely stashed away in our savings until the actual paper statements for the rewards card and 0% credit card come in.

    Our retirement accounts didn’t take as big of a hit as I thought they would, but we’re still not as diversified as we’d like to be.

    I’ve also added the change in net worth from the beginning of 2007. One of our 2007 goals is to increase our net worth by $32,000, so I thought I’d add a measure of tracking that. It looks like we’ll be cutting it close, but I believe that we can get there.


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