March 2019 Net Worth Report

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Come see how we increased our net worth by 15%. This is our second net worth report. Come take a peek at all of our assets, our liabilities, and our financial goals! #networthreport #networthpersonalfinance #personalfinance #networthmoney #networth #makesavespendgive

Because Matthew and I have big goals.

Okay, okay, the longer answer is we want to pay off our debt, and have the freedom to retire early. Tracking our net worth each month is a great way to see if we’re on track, keep us accountable, and hopefully it inspires at least one person to do the same (or you can just be nosy and peep our net worth, that’s okay too!).

Other Net Worth Reports:

Assests:

Roth IRA (Brittney):

$9.57

I didn’t make any contributions to this, but I still had a nice gain of $0.57 (I’ll take what I can get).

Disney Stock (1 Share):

$114.85

Matthew’s uncle got him a share of Disney stock when he was a baby. We haven’t quite gotten around to adding the stock to his investment account, which is why it’s on it’s own line. Last month around this time it was worth about $112.59 so it did increase a little bit.

401(K) (Matthew)

$1,345.33

Last month it was worth $1217.59. The increase is mostly due to Matthew’s contributions from his paycheck.

Roth IRA (Matthew)

$16,342.52

Last month this was worth $16,396.97, so it did decrease a little bit. It kind of worried me, but I know it happens.

Home Value: 

$128,750

This is what I estimated our condo to be worth. Hopefully this goes up when we sell it in a few years. 🙂

Car Value:

$4,829

I didn’t know if I should include car value or not in our net worth calculations – but it seemed like most people do… I used KBB.com to estimate the value of our Prius.

Personal Property:

$1,200

This is the ol’ jewelry collection and by collection I mean one item (engagement ring).

Total Assets: $152,591.31

Debt & Liabilities:

Best Buy Store Card:

$1,338.16

Last moth the balance was $1,438.16
Matthew opened up a Best Buy store card, and purchased a washer, a dryer, and a TV for our new condo. There’s no interest if the balance is paid off within 18 months. We’ve been paying $150ish/month on the card.

Credit Cards (Brittney):

$2,590.30

Last month’s balance: $2,643.82
I thought I was making good progress on paying these down, but then a few of my cards got hit with $85+ “yearly fees”. My fault for not reading the fine print. Oooof!

Student Loan (Brittney):

$29,853.85

Last month’s balance: $29,792.73
This is for my few years I spent messing around in college (I didn’t get a degree). I’m currently in forbearance, and payments will officially begin in October (2019).

Home Mortgage:

$123,243.99

Last month’s balance: $123,892.73
This month I kind of dug into everything and saw that out of our $890~ payment, only a small portion was actually going towards the principal. It was just shocking to see. 

Total Liabilities: -$157,026.10

Net Worth:

-$4,434.79

How We Did This Month:

We paid a small bit towards our credit cards (not as much as I would have liked), and out investments did increase a bit (thanks to Matthew contributing to his 401k). We did have an increase of 15% in our net worth because of these things – which is great don’t get me wrong, but I’d like to do even better this month.

This month I’d like to pay off more of the credit card debt (at least $150), and I’d like for us to contribute $300-$400 more to Matthew’s Roth IRA before we start tackling the credit card debt.

Goals:

One of our main goals is having a mini-emergency fund set up. I think $1000 is a good starting point, then we’d like to pay off our high interest debt (this year), increase our emergency fund, pay off our remaining debt, then start investing more so we can reach financial independence.

Save $1000 Mini-Emergency Fund
0%
Pay Off Credit Cards
28.5%
Save 6 Months Of Expeneses
0%
Pay Off Student Loan
0%
Pay Off Mortgage
1.3%
Have $1,000,000 Invested
1.78%

2 thoughts on “March 2019 Net Worth Report”

  1. Your net worth will increase faster the more you pay off your credit card/student loan debt. Especially when you are paying interest on these debts. Check out the Dave Ramsey show for a step-by-step guide!

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