Our net worth increased an amazing $18,666.21 from last month, to a total of $207,920.17 (click on spreadsheet below). This puts us at 120.05% of our 2012 net worth goal of $173,200.
Sadly, my wife was laid off this month, but not before contributing to our net worth in a big way. She earned a quarterly bonus of $11,350.00 gross ($8,182.69 net). We tithed 10%, put $6,500 into savings, and are keeping the balance in our checking account. In addition to the bonus, her company automatically 100% vested her in her 401(k) match and profit sharing. We didn’t expect to see any of this ~$6,000 because she was only with the company for 1-1/2 years. This blessing increased our total retirement accounts balance ~10%! We contributed a total of $3,021.83 to our retirement accounts and saw them increase $9,321.16 to $74,552.93 total. We also contributed $1,500 to our son’s 529 Plan this month. Busy month!
My wife’s company laid off the entire sales force, so we focused on putting money into savings.
Next month is a big question mark. My wife will be officially unemployed after she receives her last paycheck on 12/14.
They laid off their entire sales force? Why would any company do that? Is this company going out of business?
Anonymous- It doesn’t make any sense. They should have at least kept my wife and other top performers. My wife believes the company is having legal issues and has postponed the sale of the product until it is resolved. Time will tell…
-1MansMoney