net worth
June Networth: +$2,145!
June’s net worth is probably going to be the best month of this year! I got an extra paycheck by getting this new job, and therefore was able to add a $1,000 buffer to my checking, increase my Emergency Fund by $500 and pay off the $850 balance on my credit card from moving expenses. Here’s the detailed breakdown:
Liquid Assets: $8,066
Checking Account: $1,000
Emergency Savings: $6,100
Car Repair Fund: $745
Gift Fund: $95
Me Fund: $100
Future Fund: $26.14
Long-term Assets: $5,112.56
401(k): $3,754.27
Roth IRA: $1,320.49
Stocks: $38.58
Debts: $0
This is the FIRST time since I’ve become debt-free that I actually have $0 in debt reflected on my net worth! Sure I haven’t gotten into any more debt and all is paid off, but for some reason ever since March I have had a balance on my credit card which has reflected whenever the end of the month comes to calculate net worth. Yay for officially no more debt!
Net Worth = $13,178 (increased $2,145 from May!!!)
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May Net Worth: +$338
I’m a bit late in posting my net worth from May, but here it is, better late than never! I am having some technical difficulties and cannot post my Net Worth IQ graph on here, so please click here for the time being until I get that posted.
Liquid Assets: $6,771.34
Checking Account: $60.52
Emergency Savings: $5,601.98
Car Repair Fund: $745.96
Gift Fund: $236.74
Me Fund: $100
Future Fund: $26.14
Long-term Assets: $5,112.56
401(k): $3,754.27
Roth IRA: $1,320.49
Stocks: $38.58
Debts: $850
Credit Card: $850 — This looks terrible, but I put all of the moving costs on the credit card, which included a refundable $150 deposit for the truck that was still applied at the end of May. I also used my credit card to buy’s J’s birthday gift so I could get more credit card points.
Net Worth = $11,034.10 (increased $338 from April)
Notes: This was one of those to-be-expected bad months. Nothing too terrible occurred, it just so happened I was moving at the end of May so all of the accounts were lower than normal. Of course the market behaving poorly didn’t help my retirement accounts… but no worries! It’s already back to normal and I cannot wait to share what June is going to be like!
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April’s Net Worth: Past the $10k Mark!
Liquid Assets: $5,495.58
Checking Account: $1.71 (<–Yep, true story. I should probably add a buffer…)
Emergency Savings: $4,889.89
Car Repair Fund: $313.33
Gift Fund: $214.58
Me Fund: $50
Future Fund: $26.09
Long-term Assets: $5,239.05
401(k): $3,923.05
Roth IRA: $1,277.42
Stocks: $38.58
Debts: $37.65
Credit Card: $37.65 — A good friend had her wallet stolen so I fronted her some cash in the meantime while she waited to get her debit card back. She’s already paid me back, but at the end of April this charge was still on my account.
Net Worth = $10,696.98
Notes: It was just nine months ago I reached the positive net worth threshold. Hmmm I wonder if I can make the $20,000 net worth goal by 2011?? I say yes as long as the stock market doesn’t collapse upon me. :)
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March's Net Worth: + $747
Liquid Assets: $4,406.58
Checking Account: $24.01
Emergency Savings: $4,076.41
Car Repair Fund: $89.66
Gift Fund: $165.47
Me Fund: $25
Future Fund: $26.03
Long-term Assets: $4,962.18
401(k): $3,648.27
Roth IRA: $1,275.33
Stocks: $38.58
Debts: $126.78
Credit Card: $126.78
Net Worth = $9,241.98
My cash was down $354 because I had to pay for the car repairs. I’m so upset that I had to use my credit card the first month I become debt-free! Oh well, I need to move on. There’s always an ebb and flow to finances and I’m pretty optimistic about April’s results.
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February's Net Worth: +$2,035!
Here’s the Breakdown:
Liquid Assets: $4,760
Checking Account: $54.48
Emergency Savings: $3,976 | $500 added to this from Tax Refund
Car Repair Fund: $638
Gift Fund: $65.47
Future Fund: $26.03
Long-term Assets: $4,335
401(k): $3,252
Roth IRA: $1,044
Stocks: $38
Debts: $602
Student Loans: $500 | paid $1,200 towards debt!
Credit Cards: $102 | payment on this balance was pending on 2/28
Net Worth = $8,493
I increased my net worth by $2,035, which was mostly due to $1,200 paying debt, my $500 federal tax refund, and the stock market doing well. I think Frugal February was a success!
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January's Net Worth: Up $1,075
Here’s the Breakdown:
Cash (or Liquid Assets): $4,218
Checking Account: $32
Emergency Savings: $3,473
Car Repair Fund: $604
Gift Fund: $84
Retirement (or Longterm Assets): $3,902
401(k): $2,959
Roth IRA: $943
Stocks: $38 – I have no idea why I have this and really should do something with it.
Debts: $1,700
Student Loans: $1,700 (down $800)
Net Worth = $6,458
I increased my net worth by $1,075, a pretty tall order with some large purchases and a loooong month that never seemed to end. Oh, AND here’s an official announcement that I’m a member of the Thousand Dollar Club! Huzzah!
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