August 2007 Net Worth - Summer Totals
Posted on September 03, 2007 by Him and tagged net_worth
| May 2007 | September 2007 | % Change | ||
|---|---|---|---|---|
| TOTAL NET WORTH | -$59,594.76 | -$41,303.44 | 21.6% | |
| TOTAL CHANGE FROM JAN 2006 | +59,832.48 | |||
| TOTAL CHANGE IN 2007 (Goal of +$32,000) | +$29,487.50 | |||
| Assets | ||||
| Savings | $9,846.07 | $21,470.97 | 118% | |
| His SIMPLE IRA | $8,205.01 | $8,637.33 | 5.3% | |
| His Roth IRA | $6,815.28 | $6,552.56 | -4.0% | |
| His HSA | $285.22 | $244.71 | -14.2% | |
| Her 401K | $13,428.01 | $13,825.35 | 3.0% | |
| Her Roth IRA | $4,267.95 | $4,798.93 | 12.4% | |
| Automobile ? | $9,970.00 | $9,715.00 | -2.6% | |
| Household Items ? | $25,000.00 | $25,000.00 | 0.0% | |
| Accounts Receivable | NA | $1,130.42 | NA | |
| TOTAL ASSETS | $77,817.51 | $91,375.27 | 25.7% | |
| 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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Rashers Tierney | Sep 4, 2007
Nice work! I know it's somewhat academic, but your "household items" number looks wild high to me. I just did a home inventory for my insurance and came up with $60k worth of belongings ... but we figure only $10k would be, er, liquifiable.
Mrs. Micah | Sep 4, 2007
I like the way you've designed that. I'm working on putting together our first couples' finance thing. I think I'll use a similar set-up. :-)
-MM
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