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 $1,000 was withdrawn from savings to transact the deal, and we spent another $321.94 getting the new vehicle outfitted with an alarm and a few other things.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 related to cars, my wife got a flat tire, resulting in a $159.25 replacement tire.
• We withdrew $2,000 from savings and used a $1,000 business reimbursement check to open a Roth for me, and fund it with $3,000. The $1,000 business expense will not hit my credit card until July or August, at which time we will pay it off from savings. In the meantime, we are earning stock market returns on the money.
• My wife graduated (great job sugar!) this month, so we spent $219.08 on a nice party for her.
• June was a heavier than usual month for gifts to family/friends ($216).

We’re tracking nicely to meet our 2007 net worth goal of $22,000. It’s just over half way thru the year and we’re currently at 59.19% of our annual goal.

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 a net worth milestone of $10,000 next month.

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 Vanguard 500 Index Fund Inv). We also restarted my company 401(k), albeit at a measly 2% of my gross pay. Our retirement investment focus for 2007 is to fully fund our Roth IRA’s, and put any “extra” money into my 401(k) plan.
• We paid off our American Express credit card.
• I took $50 from my April fun money ($180/month) and deposited it into our ING Direct account. I hope to get $500 saved up to speculate with in the stock market (more for fun/education than as an investment purposes).
• We had numerous large expenses in April (noted in the spreadsheet) that totaled $1,219.45.

I have added a 2007 net worth goal meter to the blog (upper right hand corner) that will provide a quick reference on our progress.

Thank God for the great month and hopefully we can duplicate it again in May.

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 recovered pretty well from the $1,000 hit it took during the February stock market plunge
• We have $100 (starting small) invested in prosper at an average rate of 12.23%.
• Our emergency fund was given needed attention
• We made some serious headway on paying down our credit card debt. All of the remaining credit card debt is on 0% interest credit cards
• My wife’s student loan balance also was hacked down by the tuition reimbursement that she received

I don’t expect us to be able to keep up this kind of a pacing in the coming months, but we’ll sure try.

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.