It pains me to post this update today as the purchase of our car last week made our Net Worth take the biggest negative hit in the history of this blog. We’ve been lucky to make some major leaps and bounds over the last few years so any drop in NW is not taken lightly. That said, I guess we save, give, and invest so much so we don’t feel bad about the times we want to spend our money. Last month we spent.
Checking Account: $8,377; (change not shown since money is constantly in and out of this account). I was able to put $5,000 of the car purchase on my credit card, so I have to keep the checking out relatively beefed up for the short term so I can pay that bill in full when it comes due.
Savings Accounts: $65,167; -$6,559. We put $8,200 from the sale of Girl Ninja’s car towards the purchase of Herbert (our Honda Pilot) and had to front the cash for the rest. Does it hurt giving up a big chunk of savings? You bet your booty it does Hoping we can get back on track for next month and give this savings account a decent bump up.
Roth IRA: $28,346; -$502. For shame. Still haven’t made my 2012 Roth IRA contribution yet, maybe I’ll let the markets drop a bit more before I start dabbling. On another note, I will have the ability to contribute to a Roth 401K here in about two weeks. Any insight in how I should allocate my retirement money now?
TSP (401K): $33,513; +$558.The performance on these accounts was negative, but my contributions exceeded my losses which results in a net positive movement. Add this to my Roth IRA balance and my retirement accounts went up to the tune of $56 last month. If my accounts continue to increase by $56 a month, it will only take 1,396 years for my retirement portfolio to reach a million dollars. JD wasn’t kidding when he named his blog Get Rich Slowly.
Credit Card: $7,841 (change not reflected since balance is paid off each month). Oh how it pains me to write those numbers down for our credit card balance. I’m taking your advice though, and on Friday I’ll be heading to the dealership to cancel my extended warranty. This will credit back to my card and reduce this balance by $2,500. I guess the bright side to a $7,000+ credit card bill is that I earned a lot of miles?
So what does all this mean for the Ninja household net worth? Well, my Excel spreadsheet tells me our NW dropped by $7,958, leaving us with a total net worth of $127,588. If you take in to consideration the $2,500 reimbursement, it’s more like a $5,400 loss. Definitely not pumped about a decreasing net worth, but I think I can say with reasonable confidence that things are looking up.
You can see all of my net worth updates here.
Favorite nail from yesterday: Dragon problems.