Lots of our readers want to know more about the formula we use to calculate our net worth. Since our readers have been posting these questions for months now, perhaps it’s time to fully answer them! Why do you include your household items/jewelry/cars/etc in your formula? We are using the net worth formula found in ... Read more →
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 ... Read more →
Oops, we didn’t do a net worth post in August. Whoopie doo. Here are the numbers for the last two months: June 2006 July-August 2006 % Change TOTAL NET WORTH -$84,918.71 -$81,480.59 4.1% Assets Savings $9,821.97 $10,718.58 9.1% Cash* $550.00 $550.00 0.0% His SIMPLE IRA $4,186.59 $4,612.10 10.2% His Roth IRA $5,981.17 $6,367.83 6.5% ... Read more →
May 2006 June 2006 % Change TOTAL NET WORTH -$90,945.05 -$84,918.71 6.6% Assets Savings $5,824.10 $9,821.97 68.6% Cash* $550.00 $550.00 0.0% His SIMPLE IRA $3,695.59 $4,186.59 13.3% His Roth IRA $6,174.57 $5,981.17 -3.1% His HSA $454.41 $837.09 47.5% Her 401K $6,625.53 $7,189.46 8.5% Her Roth IRA $1,504.00 $1,546.25 2.8% Upromise $62.97 $8.85 -89.9% Automobile ... Read more →
It took a lot of badgering to get Her to buy my idea about starting a personal finance blog that deals with money and relationships. Her finally bought it, and on the first day of 2006, we wrote our first post. Ironically, the current majority of posts on this blog are written by Her. Back ... Read more →
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 ... Read more →
March 2006 April 2006 % Change TOTAL NET WORTH -$95,577.26 -$94,405.24 1.2% Assets Savings $4,089.82 $4,428.30 8.3% Cash* $550.00 $550.00 0.0% His SIMPLE IRA $3,402.15 $3,619.25 6.4% His Roth IRA $6,425.45 $6,491.96 1.0% His HSA $720.62 $449.59 -37.6% Her 401K $5,922.92 $6,375.00 7.6% Her Roth IRA $1,265.00 $1,300.00 2.8% Upromise $56.00 $57.26 2.3% Automobile ... Read more →
Today, for the first time in my life, the total value of my investments (Roth IRA, 401K and ING Direct Savings) surpassed $10,000! I track these accounts in an Excel graph every day but it was still a big surprise to see it cross the $10,000 mark. For all those who have commented on our ... Read more →
February 2006 March 2006 % Change TOTAL NET WORTH -$96,722.28 -$95,577.26 1.2% Assets Savings $3,078.00 $4,089.82 32.9% Cash* $550.00 $550.00 0.0% His SIMPLE IRA $3,141.30 $3,402.15 8.3% His Roth IRA $6,451.78 $6,425.45 -0.4% His HSA $801.36 $720.62 -10.0% Her 401K $5,313.62 $5,922.92 11.5% Her Roth IRA $1,265.00 $1,265.00 0.0% Upromise $53.03 $56.00 5.6% Automobile ... Read more →
In the BusinessWeek article that mentioned us a few weeks ago, the author incorrectly stated that we were $98,615.39 in debt, when in fact, -$98,615.39 was our net worth at that time. The actual amount of our debt at the time of the article was $154,020.99. Yes, I actually emailed BusinessWeek in order to have ... Read more →
January 2006 February 2006 % Change TOTAL NET WORTH -$98,650.87 -$96,722.28 2.0% Assets Savings $2,798.83 $3,078.00 10.0% Cash* $550.00 $550.00 0.0% His SIMPLE IRA $2,945.29 $3,141.30 6.7% His Roth IRA $6,373.72 $6,451.78 1.2% His HSA $816.34 $801.36 -1.8% Her 401K $5,122.00 $5,313.62 3.6% Her Roth IRA $1,276.00 $1,265.00 -0.9% Upromise $52.94 $53.03 0.2% Automobile ... Read more →
Yesterday we got a desperate request within a comment on our blog. It was posted by a 46-year-old woman named Veni, who feels trapped by her spiraling cycle of increasing debt. She has watched Oprah’s Debt Diet on TV and wishes someone could help her get her finances under control. We were both struck by ... Read more →
January 2006 TOTAL NET WORTH -$98,615.39 Assets Joint Checking $285.49 Joint Savings $2,798.83 Petty Cash $300.00 His SIMPLE IRA $2,945.29 His Roth IRA $6,373.72 His HSA $816.34 Her 401K $5,122.00 Her Roth IRA $1,276.00 Upromise $52.94 Automobile $10,435.00 Household Items $25,000.00 TOTAL ASSETS $55,405.61 Liabilities Credit Cards $18,054.88 Student Loans $135,966.11 TOTAL LIABILITIES $154,020.99 ... Read more →
According to a recent article on CNN Money, research shows that married people build more wealth than their single counterparts. Well, duh. “I think it’s really one of these really simple stories that two can live cheaper than one,” said Zagorsky, a research scientist at the Center For Human Resource Research at Ohio State. Theoretically, ... Read more →
