• August 2007 Net Worth – Summer Totals

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    May 2007September 2007% Change
    TOTAL NET WORTH-$59,594.76-$41,303.4421.6%
    TOTAL CHANGE FROM JAN 2006+59,832.48 
    TOTAL CHANGE IN 2007 (Goal of +$32,000) +$29,487.50 
    Assets
    Savings$9,846.07$21,470.97118%
    His SIMPLE IRA$8,205.01$8,637.335.3%
    His Roth IRA$6,815.28$6,552.56-4.0%
    His HSA$285.22$244.71-14.2%
    Her 401K$13,428.01$13,825.353.0%
    Her Roth IRA$4,267.95$4,798.9312.4%
    Automobile ?$9,970.00$9,715.00-2.6%
    Household Items ?$25,000.00$25,000.000.0%
    Accounts ReceivableNA$1,130.42NA
    TOTAL ASSETS$77,817.51$91,375.2725.7%
    Liabilities
    Credit Cards (Rewards)$4,837.58$1,439.08-70.3%
    Student Loans$132,179.04$131,239.63-0.7%
    TOTAL LIABILITIES$135,530.21$132,678.71-2.0%

    It has been an interesting summer for our finances. Obviously, our savings accounts have grown a lot in the last few months, mostly due to work bonuses for both of us and some well-received cash gifts.

    Our retirement investment accounts have reflected the markets, only increasing in value because of the regular paycheck deductions for both of our accounts.

    I’ve added an “accounts receivable” line item mainly so that we can track monies owed to us. At my job I’ve been using my rewards card for expenses instead of the card supplied to us by my employer. This way I can accumulate points really fast, meaning we can redeem rewards faster.

    On the debts side of things, we’re still paying off our credit cards every month and haven’t paid a cent of interest on a credit card since we’ve paid them off. Whee!

    That student load is going to be tough to shake off, but we’re getting there slowly but surely. As we’ve stated at the beginning of this year, we’re paying half of the monthly amount due plus $100 every two weeks, ensuring that we’re putting an extra $3,200 towards the student loan.

    As our accumulated totals for the year and since January 2006 indicate, we’re doing okay but we still have a lot of work to do.

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