Category Archives: Net Worth

July 2007 Net Worth Update (+$2,039.64)

July was our lightest net worth increase month yet. Our net worth increased $2,039.64 over last month, to a new total of $15,062.84 (click spreadsheet below).Still, we had a better month than I expected, primarily because a $1,000 business expense has not posted yet . Here are the highlights from July: In an effort to sock away a bit more money, we increased my 401(k) contribution from 2% to 3%. My wife received an additional $1,674.68 in income in July that greatly helped boost our savings account Read more [...]

June 2007 Net Worth Update (+$3,979.67)

We had a lot of financial action in June. Our investments ended on a down note, but we still increased our net worth by $3,979.67, to $13,022.20 (click on the spreadsheet below).My wife received an extra $1,161.67 paycheck this month. I cashed in 6 days of vacation time for an extra $1,219.11. We sold Car 1 and bought a new (used) Car 1. $1,000 was withdrawn from savings to transact the deal, and we spent another $321.94 getting the new vehicle outfitted with an alarm and a few other things. Also Read more [...]

May 2007 Net Worth Update (+$2,604.03)

Our net worth is now at $9,042.53, a $2,604.03 increase from last month (click on the spreadsheet below). Our biggest gain came from a $600 increase in our 401(k), only $100 of which was from contributions. We also checked off another short term goal by opening a Roth IRA for my wife and funding it with $3,000 (thus the hit to our savings amount). Our liabilities were reduced by their standard monthly amounts, except for our Chase credit card that we paid $105 extra on.God willing, we should reach Read more [...]

Good Net Worth Progress

We have made good, consistent progress on our net worth and should reach a net worth milestone of $10,000 next month. In fact, if all goes as planned, our net worth in June will be roughly $11,000, half way to our 2007 goal of $22,000.

As we pay off debt and increase our investments, I’m beginning to feel how getting your money to work for you is a powerful thing. I’m sure there will be hiccups along the way but so far, we’re right on track.

April 2007 Net Worth Update (+$3,145.07)

I didn't expect us to match our huge net worth increase in March, but we had a good net worth increase in April (click on the spreadsheet below). Our total net worth is now $6,438.50, well on our way to our 2007 goal of $22,000.Some highlights from April follow:The nice boost to our net worth this month came thru a $1,147.24 (after taxes) commission check that my wife earned. We deposited $630.00 into our Emigrant Direct savings account for Roth IRA funding (once we hit $3,000 will be moved into Read more [...]

March 2007 Net Worth Update (+$6,462.28)

A lot of progress was made since our February 2007 Net Worth update. We have a positive net worth! Thank God! It’s a great feeling to finally have a positive net worth, even if it is only $3,293.43.I can’t believe we were able to post a $6,462.28 change (click on spreadsheet below) to our net worth in one month. Over half of this increase was due to our Federal and State tax refunds ($2,044) and my wife receiving a $1,463 tuition reimbursement.Here are the highlights from March:Our 401(k) has Read more [...]

February 2007 Net Worth

I will be updating our net worth on this blog at the end of every month.Below is our net worth for February 2007 (click on spreadsheet). I realize we're half way thru March already but wanted to use this as a starting point. As you can see, we currently have a negative net worth. Nowhere to go from here but up.February Notes:Purchase price used for condo value Read more [...]