Can I get a booya for a HUGE leap in my net worth? If the month of April were a person, I would probably want to make babies with it…unless it was a guy, then that would just be weird. Seriously though, I had a great month. I paid down a ton of money on my student loan and am oh-so-close to being debt free.
Here’s the breakdown…
Savings Account: $14,712, -$8,613. Well I’m a whole heck of a lot more cash poor. I told you I had some tricks up my sleeve in last months net worth report. That trick my friends involved taking $10,000 from my savings to throw it at my student loan. Fortunately, I was able to scrounge up $1,400 to put back in there to make the total only $8,600. I have $10,000 in an E-fund, $2,022 for temporary savings, and $2,681 left in the wedding fund.
Roth IRA: $14,826 +$336. I have fully contributed to my Roth since my senior year of college. I’m hoping to be able to scrounge up the money to do so again this year!
TSP (401K): $14,542, +$947. The standard 5% contribution heads this direction each month. I also get that 5% fully matched. Free money is the second greatest thing in the world. The first greatest thing, of course, is JUSTIN BIEBER.
Student Loan: -$4,287, +$10,208. Do you know how good it feels to have this sucker ALMOST paid off. I am so close I can taste it. If all goes according to plan, I should be debt free by August. Are you excited for me!?
That put’s me at a net worth of $41,789!!! I’m up +$3,895 from last month which may or may not TOTALLY TURN ME ON! Bow chick a bow wow. I don’t suspect having another big month like this for a while. It was a rather large jump for a few reasons. 1) Three Paychecks 2) $360 in blogging income 3) $240 in tutoring income 4) Overall good spending habits. Just goes to show if you spend less than you make, things work out.
Thanks for stalking me checking in on yet another net worth update. See you tomorrow
**If you have wondered why the blue bar (debt) in the graph sometimes increases, it’s because my credit card balance gets taken in to account each month. Even though I pay the balance in full it still appears as a “liability” in Quicken. I just deduct this from my checking account balance to give myself an accurate net worth reading. This is why my actual NW increase, may not always necessarily match with the totals of each category, but I promise the overall total is REAL. I chose not to include possessions (including my car) in my NW calculations, which would probably increase my worth by about $8K.**