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"Net Worth"
Highlights from last month.
- The stock market is up again, which is benefiting me greatly on paper. However, these gains aren’t realized unless I sold the investments, so they could be fleeting.
- Cash is down again this month. I’ll have a post about my spending later in the month. Looks like a lot of it had to do with reduction of credit card debt.
- Debt is down across the board. I love it when a month comes together
. - Once again another record! I love watching this go up.
Highlights from last month.
- The stock market keeps going up, and my investments keep benefiting. The gains appear to be slowing after the recent run up.
- Cash is down, which is annoying me. I owed $1600 in federal taxes, which pretty much killed any savings we might have accumulated this month, which is despicable. Look for a future post where I analyze my 2012 spending. It will be clear to you why a $1600 tax bill shouldn’t kill our monthly saving. Another reason this is down a bit is due to a purchase of two shares of Apple stock, which corresponds with a matching increase in investments.
- Another net worth record, besting last month’s record!
Highlights from last month.
- Investments are looking great again due to a fantastic start of the year for the stock market. I don’t expect this to last much longer given sequestration, plus the fact that the gains have to slow/stop/drop at some point. Nevertheless it’s nice to see my investments keep rising.
- Cash is up again, which is a pleasant surprise given the huge drop in credit card debt over the past two months. I would have expected cash to be down given the large CC bills we’ve been paying lately.
- It’s always nice to see the color green across the board in the Liabilities department.
- A nice $20,000 increase in two months. Wow! Again, these great gains can’t last forever, but even without the investment gains I’m still up ~$6,000 which is great to see.
- A new net worth record, besting the previous of $319,259 set in January of this year!
Wow, what a great year! The end result was better than I ever expected. I’m really happy to see that our diligent saving is paying off in more ways than one.
First, our investments grew by 40% due to a great stock market year as well as continuing to follow the ‘pay yourself first’ philosophy. Collectively, my wife and I contributed almost $30,000 to our retirement accounts in 2012.
Second, our cash savings grew by nearly 45%. We’re doing our best to save towards a down payment on a new home, so I’m glad to see we had some success doing that over the past year. I’m hoping to be able to contribute more towards this goal in 2013.
I’m not thrilled to see the increase in Liabilities, but the needed purchase of a car for my wife kind of forced our hand. I will likely also be getting a new car this year to help accommodate a better family life by adding a few more doors.
Here’s to another great year in 2013!
Jeez, has it been since May? I’ve been keeping away from posting on here basically because we’ve been spending money like crazy and our numbers are not looking terribly good.
Anyway, here’s the update. Current net worth $272,378.
I’m definitely disappointed to see cash go down so far and credit card debt go up. That’s mostly due to the deck I built this summer and the hot tub installed on top of it. I had turned the bright light of the Savings Laser onto the deck project and saved up around $10k, but I hadn’t budgeted nearly enough. In fact, I was about $6k short. So we financed that through a 12 month, no interest credit card which will come due in May. In the mean time we’re saving the cash up so in a couple of months the balances will just switch out.
That would have been bad enough, but our dog was diagnosed with cancer. It’s a long story, but ultimately we decided to treat her and that destroyed our emergency fund and left us around $7k less wealthy than we would otherwise be.
So I’m happy to say that there was growth in the last 7 months, but it was very minor–just 5%.
| Categories | Value | Change | % Change |
| Assets | $401,668.55 | $16,385.21 | 4% |
| Cash | $11,796.92 | ($2,706.26) | -19% |
| Investment | $381.55 | ($150.00) | -28% |
| Property | $148,532.00 | ($168.00) | 0% |
| Vehicle | $30,080.00 | $0.00 | 0% |
| Retirement Account | $210,878.08 | $19,409.47 | 10% |
| Debt | ($129,289.92) | ($2,968.38) | 2% |
| Mortgage | ($115,248.77) | $1,026.59 | -1% |
| Car Loan | ($3,889.65) | $1,242.97 | -24% |
| Credit Card | ($10,151.50) | ($5,237.94) | 107% |
| Net Worth | $272,378.63 | $13,416.83 | 5% |
Sorry about the lack of posts recently (no updates since September). I had been working overtime at work from August through November, and am just getting back into the realm of normalcy. However, I did record the numbers for October, but just didn’t post about them, so here they are first:
And the numbers for January:
Highlights from last month.
- Investments are up a substantial amount, mostly due to stock market gains, but partially due to the overtime pay from work. The overtime pay actually pushed me over the pre-tax 401k contribution limit for the year. I had my first post-tax contribution ever in the last paycheck of 2012!
- Cash is up in a big way, most of which has gone into our savings for a house down payment. This staggering increase results from my wife’s recent promotion at work and all of the overtime I had been working.
- Nothing fancy in the debt department other than a large credit card balance due to a recent trip. That will be paid off when the bill comes.
- A nice $20,000/6.5% increase in overall net worth since 1-October! Not bad for 3 months!
Check back soon for an analysis of my personal fiscal year 2012.
Highlights from last month.
- Great gains in cash this month, mostly due to receiving 3 paychecks instead of two. We’ve also done well in the spending department this month.
- Credit card debt is way up due to putting money against our next vacation. We’ve also paid about $1000 to carpet a portion of our basement, which I may carry on the card for a few months due to having 0% interest until next March.
- Finally Zillow said my house went up in value! The rapidity of change here seems extreme to me….
- Another finally: the car value change make sense, and by make sense I mean they actually dropped this month instead of gone up. I’m going to continue to carry the new car at cost until the NADA values it less than what I paid. Right now the NADA thinks it’s worth about $2k more than what I paid.
- This month is a new net worth record for me! I blew past the last one, which was May 2012, by about $8k. The gains were mostly due to stock market performance. It’s exciting to see such a large gain for the month!
Wow, it’s amazing how quickly a year goes by. I’ve now been tracking my net worth on this blog for over a year and thought I would expend a post analyzing how things have changed in the past 13 months.
As you can see from the charts, a lot has changed! I’m happy to note that my net worth is up 15.5%, which is a great gain for about a year’s worth of savings. Other noteworthy changes:
- Zillow thinks my house is worth $10k less than it was at this time last year, which is a bit discouraging. Just think where my net worth would be had it remained the same.
- Debt is down across the board with the exception of our new car loan, which more than offsets the gain in vehicle value we see in the assets section.
- Great increases in cash and investments this year! A lot of the investment gain is from contributions, but still solid. I’m excited to see how those increase once the economy picks up the pace a bit, which could be years away.
Overall I’m very happy with the past year. I’m definitely hoping to see our net worth grow over the $300k mark by the end of this calendar year, but that may be a bit lofty.
Highlights from last month.
- Cash is down in a big way this month. I’ll admit I didn’t track very well so I really don’t know where it all went. Some if it was paying off the credit card charges on our June vacation, but that wasn’t even close to being all of it. I’ll have to do a cash flow analysis this month, like I should have been doing the past few months, to find out.
- Debt is down across the board. I love it when our liabilities are all green for the month. Hopefully this trend continues, but credit card utilization fluctuates month to month so that will be red from time to time.
- Zillow is again telling me that my home value has dropped. Nothing else really to say.
- Credit card debt is down as predicted, but is still high due to us paying for our next trip in November. I would like to see this drop again next month.
- I am happily watching my mortgage drop by a lot every month since I refinanced last year. At it’s current pace it’s dropping over $1k every 3 months. I’m so glad I went to a 20 year term, the principal just drops.
I’m starting to realize that we here at BlogToAMillion are clearly not the best bloggers. No mid-month posts from either one of us. I blame work for my poor blogging performance. I’m actually back on a project that keeps me busy, grows my skills, and increases my visibility to management. When I’m engaged at work I don’t feel the desire to blog, which I guess is a good thing for me? Clearly it’s not good for the reader, but I don’t think we really have any so that’s ok . Anyway, this is the blog to read if you want to see monthly updates about two people’s finances that are making a concerted effort to grow their net worth! Plus you get the added benefit of potentially watching one or both of us crash and burn financially, because you never know what the future may hold.
Highlights from last month.
- I pretty much recovered all of the investment losses from the month of May in the month of June. Clearly some of this recovery was from automatic funding in my 401k and Roth, but either way I’m happy making a full recovery in a single month.
- Zillow continues to tell me my house is worth less and less. I’m not sure what to think about this. I need to discuss with Don about maybe tracking home prices at cost. I refuse to believe that home prices are that volatile, especially in the downward direction, in my area. Or maybe I’m just doing the Denial Twist on that one.
- I’ve had a nice cash recovery this month, but expect a drop again next month. That credit card debt needs to get paid off with something . This pile of credit card debt is mostly from some vacation and home improvement spending, which are both covered by targeted savings accounts. I never carry a balance, so I expect the CC debt to drop significantly this month unless I spend a significant amount on something else, like our next planned trip.
Donald
Age: 32
Assets: $401,669
Liabilities: ($129,290)
Net Worth: $272,379Memberships
Paul
Age: 31
Assets: 477,660
Liabilities: ($123,725)
Net Worth: $353,935
