NOTE: My NW is pretty easy to calculate because I don’t own very many things. I have a savings/checking account and a couple retirement accounts . I chose not to include things like personal belongings (laptop, camera, etc) or my car (which would add probably $5K to my worth) because I figure those are things I will always need and wouldn’t really want to go with out.
Checking Account: $4,171, +$999. I try and keep around $1,000 in my checking account at all times. It’s a little stacked right now because I haven’t transferred cash in to my online savings account after selling my motorcycle.
Savings Account: $12,677, +$515. I have made paying down my student loan a priority, so sometimes I am not always able to reach my goal of adding $1K to my savings each month. I was able to scrounge enough together to throw in an extra $500.
Roth IRA: $9,583, -$492. Damn you stock market. Taking away some of my hard earned money. Oh well, I still love you 🙂
401K: $6,448, +$167. Pretty standard investing going on here, 8% of each paycheck. Not the greatest month, but as long as I see green I’ll be okay.
Student Loan: -$22,152, +$1,000. It started at 28K on 02/08. I have been making at least $1,000 monthly payments on this bizznatch after some words of wisdom from my wonderful readers. My minimum obligation is $178, so throwing another $800 on top of that goes a long way 🙂 It’s one of the hardest things I have had to do (I would prefer to see my savings account grow), but I know in the end it’s a smart financial decision.
So what does this bring my total net worth too??? $10,728. I’m up $3,477 from last time. I’m really enjoying seeing the net worth grow each month, especially considering I was worth negative $2K three months ago. Hell to the Yeah!
Take care ya’ll.