‘Tis the season to increase our net worth! That’s the way we like to think of things at least. The accounts are gonna look a little screwy this month as we were moving money left and right, setting up new accounts, contributing to Roth IRAs, and punching baby dolphins in the face (just making sure you’re still paying attention :))
Here’s what we were working with over the last 30 days…
Checking Account: $9,789; +$4,257. The checking accounts are a bit stacked right now as Girl Ninja and I are in the process of switching from Chase to Wells Fargo. Don’t ask me why we’re making the move, it’s a long boring story. Hopefully this time next month we will be all done with Chase and we can keep the account closer to $2,000 or so dollars.
Savings Accounts: $12,105; -$5,984. You’ll see why I reduced my savings account by $5,000 in the next section….
Roth IRA: $20,141; +$5,011. After a little bit of Roth IRA drama, it was time to make my 2010 contribution. Special thanks to all my readers who pimp slapped me back to reality and encouraged me to invest. I’ve put $19,000 in to the thing over the last four years, and it’s nice to finally see it worth more than I contributed. Positive returns rock my face off!
TSP (401K): $18,714; +$516. The standard 5% contribution heads this direction each month. That 5% gets fully matched. I invest in virtually the same funds in both my Roth IRA and in my 401K so they generally perform the same. Pretty boring stuff if you ask me.
Student Loan: $0. I recently wrote an article for Lending Tree about how I paid off my $28,000 student loan balance in 2.5 years. You should check it out by clicking here!
Credit Card: $0. We use our credit card for our day to day spending, as a result the balance widely varies (but gets paid off every month). Why do we use our CC instead of a debit card you wonder? Because we LOVE free airline miles!
We’ve managed to increase our Net Worth by another $4,846 since last month. Yes, in case you were wondering, dual income still totally turns me on….meow!!! Our Net Worth is now $60,234 (this time last year, it was $27,389). I’m hoping we can break the $100,000 threshold sometime in 2012. Anyone else have a great last month?
p.s. you can see all of my net worth updates here.
**I chose not to include ‘possessions’ (including our cars) in our NW calculations, which would probably increase our worth by about $15,000.**