Net Worth: August 2010

August 2, 2010 · 12 comments

I don’t know if I’ve ever loved Girl Ninja more than I do right now! On last months, Net Worth Update, I predicted my NW would go down by three thousand dollars after some wedding/honeymoon/moving expenses. Fortunately, Girl Ninja, coupled with some Stock Market positivity, actually helped my NW increase! Totally not expected, but I’m a happy camper :)

Here’s the breakdown…

Assets:

Checking Account: $4,216, -$1,823. Still keeping the checking above the normal $1,000 balance I generally try and keep, because I leave for Aruba one week from today and want access to quick cash in case Girl Ninja gets kidnapped or something…only kidding…kind of.

Savings Accounts: $13,047, +$0. No change here because I’m keeping my cash in the checking account until after I get back from the honeymoon. I’m keeping my fingers crossed this Dual Income No Kids thing is as cool as I hear. Should provide for some major saving capabilities for the rest of the year.

Roth IRA: $13,851,+$1,114. Still haven’t made my 2010 Roth Contribution, but I’m 75% sure I will before time is up. Just waiting for life to settle down a bit before I part ways with another $5,000.

TSP (401K): $15,069, +$1,603. The standard 5% contribution heads this direction each month. I also get that 5% fully matched. I invest in virtually the same funds in both my Roth IRA and in my 401K so they generally perform the same.

Liabilities:

Student Loan: $0. That’s right. My student loan is still $0 and it will be FOREVER. I’m not quite sure if I’ll ever take this account off my NW updates. It feels too darn good to re-post it each month and it reminds me I Punched Debt In The Face!!!!

Credit Card: $0. I typically show my CC balance for each month, even though I pay it off in full. Right now the balance is $0 because I just sent in a payment. I use my CC for just about every purchase I make. Some months it’s a couple hundred, others a couple thousand.

Even with a $2,500 honeymoon deposit and $800 in home furnishings, my net worth went up +$2,496. There are really only three explanations for this: 1) Girl Ninja started moving her money in to my/our checking account, 2) the stock market went up, 3) I lived within my means. All said and done, this leaves me with a Net Worth of $46,186. Ready or Not $50K…here I come!!!!!

**I chose not to include possessions (including my car) in my NW calculations, which would probably increase my worth by about $8K.**

1 laura @ no more spending

Yay to punching debt in the face! I think I’m going to leave the debt line on my net worth spreadsheet too; the zero makes me happy every time.

Well done on the increase!

2 Victoria

Hey there Ninja – You might have a typo you didn’t notice on the TSP (401K). If not – woohoo! Go you!

3 Budgeting in the Fun Stuff

Hahaha, I was thinking the same thing. Go Ninja! :-)

4 Sandy L

Dual Incomes Rock. What more is there to say?

5 Brian

Nice. It all worked out.

6 Michelle

You’ll break the 50K barrier before October, I’m sure! Congrats on the big event this week and good luck!

7 Budgeting in the Fun Stuff

Despite paying off our $4600 car loan, the last $2000 grad school bill, and about $1000 in other stuff, our net worth went up this month too ($3800)! The DINK cash flow really does kick butt – especially when it’s paired with all of our stocks going up… :-)

I hope you get to enjoy tons of net worth increases from here on out!

8 Jessie

It takes time, but before you know it – you’ll stop posting my/our and just say our. It reads funny b/c you said it’s your networth but GN contributed.

I can so relate b/c Jordan and I often go from saying my to our or we on a regular basis.

Cheers to DINK…. (haha duel income no kids)…. it’s going to let Jordan and I pay off my student loan at the end of the month!

9 PunchDebt

I said “my” because it is my account. Girl Ninja’s name is not on it, so she couldn’t get the money without me. I indicated “our” though because it was her money, and what is now MY account will become OUR account after we get married and we sign her up to join it.

You’re right though, there are times when I say “my” when it should be “our”. It will take some getting use to.

10 Trina

Just a thought regarding Aruba. We were recently in Turks and Caicos and we paid half of our resort fee before we arrived and half when we were there (upon checkout)….we were charged an international transaction fee every time we used our debit card down there. It wasn’t terrible (a total of less than $50 for the entire week), but I would have paid the entire amount in full had I known about it before we left or used cash for any dinners out/excursions/etc.
Trina

11 Financial Samurai

It is a good strategy to get the spouse to transfer money to your account! I must follow!

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