Friday, March 07, 2008

Net Worth Statement: March 2008

 

Assets

February

March

 

Difference

% change

Checking+Savings

$3,300.00

$6,169.00

 

$2,869.00

86.94%

Home

$124,500.00

$124,500.00

 

$0.00

0.00%

Rental

$70,000.00

$70,000.00

 

$0.00

0.00%

401k

$3,816.82

$3,884.34

 

$67.52

1.77%

529

$119.00

$134.00

 

$15.00

12.61%

Roth

$25.00

$475.00

 

$450.00

1800.00%

Misc (Car, etc)

$7,000.00

$7,000.00

 

$0.00

0.00%

Total Assets

$208,760.82

$212,162.34

 

$3,401.52

1.63%

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities

February

March

 

Difference

% change

CC

$3,055.00

$500.00

 

-$2,555.00

-83.63%

Home

$98,612.00

$98,512.00

 

-$100.00

-0.10%

Rental

$66,859.00

$66,859.00

 

$0.00

0.00%

HELOC

$9,463.00

$9,363.00

 

-$100.00

-1.06%

Student Loans

$54,605.49

$54,595.49

 

-$10.00

-0.02%

Total Liabilities

$232,594.49

$229,829.49

 

-$2,765.00

1.19%

 

 

 

 

 

 

Net Worth

-$23,833.67

-$17,667.15

 

$6,166.52

25.87%

 

This is my second net worth increase! 

Credit Cards: I no longer have any credit card debt.  I am marking February 2008 as the month I eliminated revolving cc debt and I will celebrate this month every year!  All cc’s in the future will be paid off in full by the closing date. 

Home:  My home value neither increased or decreased so I’m happy with that.

Roth:  The Biggest Mover. I started my Roth in February 2008 with $25.  Thanks to my tax refund and my monthly savings plan, I now have $475 in that sucka.  That feels pretty good.  I am on my way to a pretty decent retirement. 

Efund: From a previous post, I’ve decided to get serious about building my efund.  So, I’ve calculated that I’ll need approximately $18,000 to fully fund it.  I am going to use both my Roth and a savings account as my designated efund.  I am going to be funneling most of the money into my savings account though, just to be safe.  I am giving myself a goal of 5 years with a savings plan of $300 per month. 

 

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