Woohoo. We escaped the month of December unscathed. There were lots of Christmas presents to be purchased and some excessive treats like yesterday’s blogged about limo excursion. Even though December was one of our higher cost months, we were able to keep plugging and chugging away at our Net Worth and bring it up a few points. Here’s the breakdown…
Checking Account: $10,473; +$684. You are probably thinking “Ninja, why the heck do you have $10K just chilling in your checking account.” It basically has to do with the process of switching banks and making sure all my i’s are dotted and t’s are crossed before I transfer like 5 grand to our savings. Can’t wait for that!!!
Savings Accounts: $13,616; +1,511. I’m convinced I get the same high contributing to savings, that fat kids get when looking at a twinkie! Gotta love me some ING, baby!
Roth IRA: $21,531; +$1,390. I love, love, LOVE watching my Roth IRA increase in value, even when I don’t contribute anything to it. I don’t expect 2011 to be a killer year for the markets, but I’ll take any little gain I can get.
TSP (401K): $20,621; +$1,907. The standard 5% contribution heads this direction each month. That 5% gets fully matched. I invest in virtually the same types of 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. Yes, posting about my non-existent student loan debt is one of my favorite things about my net worth updates!
Credit Card: $1,704. Yes, we technically have credit card debt, but I don’t think of it that way, since I pay my balance off in full each month. The day I miss my credit card payment, is the day I chop that sucker up and go all cash. Fortunately, I’m going on three years with no missed payments.
With all the increases in our assets section, we managed to move ourselves up $4,306. This means our Net Worth now stands at $64,540 (this time last year, it was $28,793). As much as I wish I could claim Girl Ninja and I are totally awesome, the majority of this increase really comes from our retirement investments. If you don’t contribute to retirement you are an idiot you better start now!
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.**