Category Archives: Net Worth

May Net Worth Update (-$12,703.04)

May was the craziest month we’ve had in quite awhile. We ended up short selling our condo and moving into a rental unit. The rental unit is twice the size of our old place and will save us $1,000/month. Because of this, our net worth dropped $12,703.04 from last month to $33,251.66 (click on spreadsheet below). Since the short sale is better for us in the long term, but not great in the short term, I’m skipping my standard “what worked” and “what didn’t work” in this net worth Read more [...]

April 2009 Net Worth Update (+$3,318.51)

We had another really good increase to our new worth this month. It increased $3,318.51 from last month to $45,954.70 (click on spreadsheet below). What worked: We invested a total of $975.19 in our retirement accounts (401k, Roth IRAs & Traditional IRA) and saw them increase a total of $2,926.45 over last month. Very nice. My wife's began contributing 5% to her company 401(k) this month. What did not work: We are in the process of trying to short sell our house (we began this Read more [...]

March 2009 Net Worth Update (+$3,253.07)

We had a good increase to our new worth in March. In increased $3,253.07 from last month to $42,636.19 (click on spreadsheet below). What worked: We contributed $943.94 to our retirement accounts (401k and Roth IRAs) and saw them increase a total of $3,185.34 over last month. Pretty amazing! We rolled my wife’s old 401(k) to a traditional IRA this month. My wife also received a $862.00 quarterly bonus ($490.91 net) from her old company. What did not work: We saved a total of $820.00, Read more [...]

February 2009 Net Worth Update (-$2,630.57)

February saw a decline in our net worth. It was reduced $2,630.57 from last month to $39,383.12 (click on spreadsheet below).What worked:Our prayers were answered and my wife found a new job that pays her more than her old job and has better benefits.What did not work:My employer implemented a company wide salary reduction resulting in a 10% salary cut for me on 2/25. Initially, I was expecting a 20-25% reduction in pay, so the 10% reduction is much more bearable. We also contributed $657.47 total Read more [...]

January 2009 Net Worth Update (-$70.00)

January was a somewhat neutral month for us. Our net worth was reduced $70.00 from last month to $42,013.69 (click on spreadsheet below).What worked:We contributed $771.00 total to our retirement accounts (401k and Roth IRAs), although they only increased over last month by $385.61. We also deposited $900 in our savings account.What did not work:We pulled $1,169.14 out of savings for our 2nd property tax payment (this was a planned expense). We also pulled $1,484 out of savings to purchase 106 shares Read more [...]

2008 Net Worth Recap

2008 was a great year, even with the very rough economy. Below is a table compiling our net worth data for 2008 (click on table to enlarge). Some highlights from 2008 include:We increased our net worth from $23,873.25 to $ 42,083.69. We missed our net worth goal of $47,800.00 by $5,716.31, but still made good progress.We increased our savings account balance from $4,629.57 to $15,651.73. This cash will help provide us some security while my wife looks for a new job.We contributed $6,250.00 total Read more [...]

December 2008 Net Worth Update (+6,906.48)

Since we will be traveling for the holidays, I am posting our December net worth a bit early.Our net worth in December increased $6,906.48 over last month to $42,083.69 (click on spreadsheet below). This is one of our strongest monthly increases yet and is a nice change from the decrease in our net worth over the last 3 months. Unfortunately, even with this very strong month, we came up $5,716.31 short of our 2008 net worth goal of $47,800. All things considered, with this economy, that's not too Read more [...]

November 2008 Net Worth Update (-$121.89)

Ouch, another down month for our net worth, but not by much. It decreased $121.89 from October to $35,177.21 (click on spreadsheet below).What worked:We both still have our jobs, even with my company laying off 15% of its employees in October. We were able to deposit $715 into our savings account, but pulled $1,169.14 out for our condo tax payment. Thankfully, this was a planned expense that we have been saving a little for each month. We sold our 15 shares of Toyota Motor Corporation (ticker TM) Read more [...]

October 2008 Net Worth Update (-$3,598.11)

As with most people, October was another brutal month for our net worth. It decreased $3,598.11 from last month to $35,299.10, a 9.25% drop (click on spreadsheet below). What worked:We both still have our jobs. Seriously, with unemployment at 7.7% in California, we are blessed to be working. We deposited $661 into our savings account and subsequently pulled $1,000 out of saving to open a stock trading account. We purchased 15 shares of Toyota Motor Corporation (ticker TM) for $63.71/share It Read more [...]

September 2009 Net Worth Update (-$3,310.51)

It will be interesting to see how many blogger’s actually saw an increase in their net worth in September. It was a very rough month, and our net worth took a huge $3,310.51 drop to $38,897.21. On the bright side, long term, the depressed stock market should help put our investments that much further ahead when it comes time to retire, since we’re buying everything “on sale” right now.What worked:We finally sold Car 1 (my truck). This will allow us to save an additional $293/month in car Read more [...]