April 2013 Net Worth Review

Logan started his first day of day care today.  It really reminded me how important our personal finances are and that I REALLY want to eliminate debt and grow our net worth.  The sooner I can get the Prof. out of the classroom and home with the man, I will be a happy camper.

Cash - $18,100 ($596)

Investments - $111,692 (+$1,146)
Home Value - $197,000 ($0)
Personal Assets - $52,112 ($0)
Less: Liabilities - $180,992 ($-1,645)

Assets -

Cash - Very interesting.  The only month in which the Prof did not receive any funds on her maternity leave, our cash balance increases.  The only additional funds we received was a $400 tax refund from an amendment I processed on my 2010 tax return.  I did sell my golf clubs and win a Masters Pool, so that could explain $200.  Otherwise, we would have broken even.

 

Investments - More growth in the markets!  Also, we did transfer some money around this month though.  I cashed in our investment in Muhlenkamp Fund and made our annual IRA contribution, for the 2012 tax year.  So, $4k has been transferred from Investments to Retirement.  The only negative is the progress of our "wedding present".  Shares of II-VI have plummeted based upon March 31 financial results and the stock continues to be beaten up for its low earnings potential in 2013.  Very frustrating.

Personal Assets - 

No change here.  We are continuing to search for a new house, but no reason to alter the current valuation.  Also, we'll review the cars next month on the bi-monthly cycle.

Liabilities -
Mortgage - $130,734 - Another mortgage payment.....
Student Loans - $29,384- Very nice to see this fall below $30k!  Also, I'll be paying off one of the Graduate Loans on May 2nd!  As I said last month, its time to get aggressive with this.

Acura Loan - $20,486.  Back to the usual $550 payment.

 

The Prof and I have set out on becoming debt free.  As we have gotten serious in the house search, we have realized how much farther our money would go without these payments every month.  The minimum pay-off period is set at April 2016.  Three Years from today.  That's the minimum!  I hope to get it done in 2015.  It's going to be hard, but I know we can do it!  I'll break down the amortization some other time.

 

Total Joint Net Worth - $197,983

OHHHH!! Almost at $200k!!  That would be awesome!!!  The wife starts her job again in May - so the extra income will be nice!  We're still on track for our 2013 goal of $225k!