December 2008 Net Worth

Credit Score	673	655
Assets	November	December	Difference
Cash Accts.	$6,530.00	$6,665.00	$135.00
Home	$133,000.00	$132,500.00	-$500.00
Rental	$72,348.00	$72,348.00	$0.00
401k	$3,170.00	$3,098.61	-$71.39
529	$262.00	$303.00	$41.00
Roth	$1,056.00	$1,058.00	$2.00
Misc (Car, etc)	$7,000.00	$7,000.00	$0.00
Total Assets	$223,366.00	$222,972.61	-$393.39
Liabilities	November	December	Difference
CC	$1,202.00	$500.00	-$702.00
Home	$97,400.00	$97,200.00	-$200.00
Rental	$66,434.00	$66,379.00	-$55.00
HELOC	$9,024.00	$8,978.00	-$46.00
Student Loans	$53,984.81	$53,875.54	-$109.27
Total Liabilities	$228,044.81	$226,932.54	-$1,112.27
Net Worth	-$4,678.81	-$3,959.93	$718.88

 

My net worth increased by $718 dollars, putting my total net worth to -$3,959.  So I’ll probably still be in the negative by the end of the year.  But I think a $22,000 increase is pretty impressive. 

Cash Accounts:  No big change from the previous month.

Credit Cards: I paid them before the end of the month, but I did some serious shopping last weekend. 

Home: the value dropped by $500.  

Roth:  I’ve cut back on my Roth to focus on the more liquid part of my Emergency Fund.

Efund: Is at $3,000. I’m awaiting a $460 automatic savings deposit and I have to come up with another $140 to meet my savings goal for the year.

401k: I only lost $71 for the month.  Not as bad as the previous months, but not as good as I would like it.

Summary:  not a terribly great month, but not too bad either.

 

 

November 2008 Net Worth

Credit Score	683	673
Assets	October	November	Difference
Cash Accts.	$7,300.00	$6,530.00	-$770.00
Home	$124,500.00	$133,000.00	$8,500.00
Rental	$72,348.00	$72,348.00	$0.00
401k	$3,560.07	$3,170.00	-$390.07
529	$299.00	$262.00	-$37.00
Roth	$1,025.00	$1,056.00	$31.00
Misc (Car, etc)	$7,000.00	$7,000.00	$0.00
Total Assets	$216,032.07	$223,366.00	$7,333.93
Liabilities	October	November	Difference
CC	$824.00	$1,202.00	$378.00
Home	$97,432.36	$97,400.00	-$32.36
Rental	$66,500.00	$66,434.00	-$66.00
HELOC	$9,076.00	$9,024.00	-$52.00
Student Loans	$54,181.02	$53,984.81	-$196.21
Total Liabilities	$228,013.38	$228,044.81	$31.43
Net Worth	-$11,981.31	-$4,678.81	$7,302.50

My net worth increased by $7,302 dollars, putting my total net worth to -$4,678.  I know it’s too early to get excited about since the increase is due to the value of my home, but I’m going to forget that for a moment and be happy.  I was sad whenever my home worth dropped but I still stuck with the numbers Zillow dished out, so I’m going to be happy now that my home value is increasing using Zillow.  Too continue… I started out this year with a -$29,000 net worth.   -$29,000!  And now I’m at -$4,000.  Man, God is good.  And a special shout out to Clever Dude, Single Ma, Dough Roller and Get Rich Slowly for the ed-u-ma-cation.  Thanks for the knowledge… Kinda sappy.  Sorry.  

Cash Accounts:  I’m missing a couple of key deposits, which would account for the price difference from last month to this month.

Credit Cards: I haven’t paid my cc bills yet.  Usually by the time I post my net worth they are already paid. 

Home:  Home value increased by $8,500. Weird, since the US is supposedly in a recession, right?  Well, Oklahoma I guess is still booming.  Plus our home values didn’t sky rocket like California or Las Vegas. 

Roth:  I’ve cut back on my Roth to focus on the more liquid part of my Emergency Fund.

Efund: Is at $2,500. $1,100 left to reach my efund goal.  It’s gonna be close.

Investments: I’m still resisting the urge to buy some bonds and take the Roth out of a money market account.   

401k: my 401K took another big hit as well as the 529 account.  No surprises there.  I’m still investing regularly.  In fact, I got a 5% raise this month and bumped up my contributions from $50 to $170.  I know it’s still pitiful, but something is better than nothing.  I’ll do better once my efund is up and running.

Summary: Last month I was hoping to reach -$9,000 by the end of the year, but now it’s looking like I may actually be able to start 2009, with a flimsy but positive net worth.  GOSH…. That would be cool.

 

Net Worth Statement: October 2008

 

Credit Score	681	683
Assets	September	October	Difference	% change
Cash Accts.	$4,600.00	$7,300.00	$2,700.00	58.70%
Home	$124,500.00	$124,500.00	$0.00	0.00%
Rental	$72,348.00	$72,348.00	$0.00	0.00%
401k	$4,038.45	$3,560.07	-$478.38	-11.85%
529	$250.00	$299.00	$49.00	19.60%
Roth	$1,000.00	$1,025.00	$25.00	2.50%
Misc (Car, etc)	$7,000.00	$7,000.00	$0.00	0.00%
Total Assets	$213,736.45	$216,032.07	$2,295.62	1.07%
Liabilities	September	October	Difference	% change
CC	$0.00	$824.00	$824.00	#DIV/0!
Home	$97,770.00	$97,432.36	-$337.64	-0.35%
Rental	$66,540.00	$66,500.00	-$40.00	-0.06%
HELOC	$9,050.00	$9,076.00	$26.00	0.29%
Student Loans	$54,249.04	$54,181.02	-$68.02	-0.13%
Total Liabilities	$227,609.04	$228,013.38	$404.34	0.18%
Net Worth	-$13,872.59	-$11,981.31	$1,891.28	13.63%

 

My networth increased by $1,800 dollars HA!  But that’s because this is the first of the month as opposed to the middle of the month when I usually calculate my net worth.  Now I have a reason to do this early in the month!

Cash Accounts:  There is a big increase because I haven’t paid my bills yet.

Credit Cards: I haven’t paid my cc bills yet.  Usually by the time I post my net worth they are already paid. 

Home:  Nothing new.

Roth:  I’ve cut back on my Roth to focus on my Emergency Fund. 

Efund: Is at $2,100. $1,500 to reach my efund goal.  It’s gonna be close.

Investments: My Roth Account remains steady because it is in a money market account.  Thank God!  I wanted to keep it fixed with no risk since it is part of my efund.  I am so happy I did that.  But now everything is so low and I’m thinking about buying some low risk CHEAP bonds, but a sister shouldn’t play with her efund.  So I’m gonna try to resist the urge. 

401k: my 401K took a big hit, but my 529 has increased.  I wonder what’s up with that.  When the market was stable the value was going down.  The market is horrible and it’s going up.  I need to look at the holdings.  I didn’t do much research on the fund.  I just picked one according to my daughter’s age.

Summary: the summer is over and I’m back in the game.  I wonder if I can get over -$9,000 before the year is up.

Net Worth Statement: September 2008

 

Assets	August	September	Difference	% change
Checking+Savings	$3,538.00	$4,600.00	$1,062.00	30.02%
Home	$124,500.00	$124,500.00	$0.00	0.00%
Rental	$72,348.00	$72,348.00	$0.00	0.00%
401k	$3,979.00	$4,038.45	$59.45	1.49%
529	$225.00	$235.00	$10.00	4.44%
Roth	$967.87	$1,000.00	$32.13	3.32%
Misc (Car, etc)	$7,000.00	$7,000.00	$0.00	0.00%
Total Assets	$212,557.87	$213,721.45	$1,163.58	0.54%
Liabilities	August	September	Difference	% change
CC	$452.00	$0.00	-$452.00	-100.00%
Home	$97,870.00	$97,770.00	-$100.00	-0.10%
Rental	$66,596.00	$66,540.00	-$56.00	-0.08%
HELOC	$9,100.00	$9,050.00	-$50.00	-0.55%
Student Loans	$54,400.13	$54,390.37	-$9.76	-0.02%
Total Liabilities	$228,418.13	$227,750.37	-$667.76	-0.29%
Net Worth	-$15,860.26	-$14,028.92	$1,831.34	13.05%

 

I’m finally back at the Net worth balance I was at in June. 

Credit Cards: Nothing new here. 

Home:  Nothing new.

Roth:  I finally hit $1,000 in my Roth /Emergency Fund.  Everything was automated so it was hardly any work at all.  I wish I had started this five years ago. 

Efund: Hopefully my sis will give me the money she owes me this month and it should bump me up $1,000.  I’ll keep my fingers crossed.