Happy Thanksgiving! November was a good month for our net worth. It increased $7,220.55 over last month, to a total of $293,750.08 (see table below).
What Worked
My wife earned a $12,490 gross ($7,664.17 net) quarterly bonus. We used this money to pay some of our 0% credit card balance down, deposited a bit into savings, and paid an additional $1,100 to our home mortgage. We contributed $617.20 to our retirement accounts in November and the total balance increased $4,577.35 to $138,021.77. I also moved my old company 401(k) balance ($68,291.73) to traditional IRA with Vanguard.
What Didn’t Work
We purchased a new (used) vehicle adding $26,000 in debt to our liabilities. Thankfully, they gave us $5,000 trade-in for our 2006 Honda Accord (120Kmiles) that was pretty beat up and needed ~$1,200 is work.
Next Month
December should be a pretty typical month. We plan to keep the Christmas presents affordable, but thoughtful.
| Assets | Oct-14 | Nov-14 | Change | % Change |
| 401(k) Accts | 76,840.58 | 8,548.85 | (68,291.73) | -798.84% |
| Roth IRAs | 10,891.89 | 11,322.39 | 430.50 | 3.80% |
| Traditional IRAs | 45,711.95 | 118,150.53 | 72,438.58 | 61.31% |
| Taxable Brokerage Accts | 1,148.00 | 898.53 | (249.47) | -27.76% |
| Cash & Savings Accts | 7,814.70 | 9,152.70 | 1,338.00 | 14.62% |
| Son’s 529 Plan / Upromise | 10,576.31 | 11,034.39 | 458.08 | 4.15% |
| Daughter’s 529 Plan / Upromise | 3,313.44 | 3,457.07 | 143.63 | 4.15% |
| Home | 489,000.00 | 489,000.00 | – | 0.00% |
| Car 1 | – | 30,000.00 | 30,000.00 | 100.00% |
| Car 2 | 8,610.33 | – | (8,610.33) | 100.00% |
| Car 3 | 13,859.24 | 13,720.65 | (138.59) | -1.01% |
| Total Assets | 667,766.44 | 695,285.11 | 27,518.67 | 3.96% |
| Liabilities | Oct-14 | Nov-14 | Change | % Change |
| Credit Card Balances | 9,834.11 | 5,883.31 | (3,950.80) | -67.15% |
| Home Mortgage | 371,402.80 | 369,651.72 | (1,751.08) | -0.47% |
| Car 1 Loan | – | 26,000.00 | 26,000.00 | 100.00% |
| Car 2 Loan | – | – | – | 0.00% |
| Car 3 Loan | – | – | – | 0.00% |
| Total Liabilities | 381,236.91 | 401,535.03 | 20,298.12 | 5.06% |
| Net Worth | 286,529.53 | 293,750.08 | 7,220.55 | 2.46% |
Congrats on the increase!
I just added you to our Blogger Net Worth Tracker List 🙂
http://rockstarfinance.com/blogger-net-worths/
Here’s to another great month!
Thanks, J. Money! I appreciate you including me.