October Net Worth

I like to do these "snapshot" type totals on the personal net worth on the 1sts of every month.
Just take all your assets(cash,investments,loans owed to you) and subtract your liabilities(debts) and you get your Personal Net Worth.
Not very scientific but it gives me a sense of which direction we are heading in.  8-)

We are up from September 1's total.
Net Worth on just our cash and non-retirement accounts on October 1st went down $721.55 from the September 1st total.
Well that's what happens when, though you didn't spend all your month's income, you shell out a couple thousand dollars of savings on a new driveway.

The retirement accounts went up by $4,863.93 however, leaving us with an overall gain of $3,911.90 for October over our September net worth standing.

Yay us!

Since moving the bulk of our retirement money into safer more stable instruments(since we are so close to cashing out), we don't see the gains we use to on that money.  This disappoints me every month until I remember that we are being prudent and wise with the money at this stage in the game.
Not very wise to keep gambling with assets with the market so volatile.

Hubs and I had a sit-down a few days ago to see where we need to move money to.  We had some liquid cash sitting not earning anything for us so we'll move it into a CD where it will at least earn 1%......a pitiful 1%....... 8-P

How is your money doing?
Is this month better than last month or not?
How do you keep your money working for you when you aren't using it?

Sluggy




 

Net Worth Report/Changes....2013 to 2014

I started doing a monthly Net Worth statement in January 2013.
So on the heels of reporting in on my 2013 $20K Savings Challenge here is the change in our Net Worth from Jan. 2013 to Jan. 2014.......

This includes all the monies I get my hands on and don't spend(net income, dividends, interest, side income, tax refunds, etc.)during the year, plus all the retirement monies.  I don't include the house value(since we couldn't liquidate it and need to live SOMEWHERE)and the value of the stock we own(a tiny little amount), nor do I include the College Account monies(since that's technically not "our" money but the kids' money....even though it "was" our money to begin with lolz).

Anyway, our Net Worth from January 2013 to 2014 went up $62,734.61.

Most of that up tick is due to increases in the retirement monies because we spent $23,611.66 on emergencies(house improvements, repairs and supplies, car expenses) and vacation spending/travel last year from the $28,907.08 I saved in 2012, so we are only "up" $5,295.42 in the monies I control for 2013 from 2012.

I hope that last bit made some sense. ;-)

$62K is good but not great at this point in our journey to retirement.....but it's still better than a poke in the eye, right?

Sluggy