I'm really late on the New Year's review! I'm sorry but it's been a crazy few weeks with finishing grad school, turning 30!!, and starting a new job!! Did I mention that was all in the same week!
Regardless, the review should have been done and there are no excuses - so let's review and I'll fill you in on the details later!!
Cash - $33,160 ($6,034)
Investments - $125,580 ($3,830)
Home Value - $366,000 ($0)
Personal Assets - $48,399 ($0)
Less: Liabilities - $332,304 (-$3,441)
Assets -
Investments - A good month for the market place. This was almost solely due to the markets as I have not started my 401(k) at my new work yet, so our contributions were limited. Little Guy got a nice boost in his college fund from his godfather though!!!
Personal Assets -
Regardless, the review should have been done and there are no excuses - so let's review and I'll fill you in on the details later!!
Here's to the Numbers!!
Cash - $33,160 ($6,034)
Investments - $125,580 ($3,830)
Home Value - $366,000 ($0)
Personal Assets - $48,399 ($0)
Less: Liabilities - $332,304 (-$3,441)
Assets -
Cash - We saw a crazy influx of cash during the month and the major contributor to that was a $5,000 bonus for starting my job, a $3,000 birthday gift from my parents and a $1,000 christmas gift. The other question is where did it all go - well, we stepped up our graduate school loan payback and will do additional paybacks next month. So, I'm very happy with our cash position, but will not maintain such a high balance.
Investments - A good month for the market place. This was almost solely due to the markets as I have not started my 401(k) at my new work yet, so our contributions were limited. Little Guy got a nice boost in his college fund from his godfather though!!!
Personal Assets -
No change here. Just lazy.
Liabilities -
Mortgage - $292,010 - Small gains but still loving the house!
Student Loans - $24,076 - We made a big payment in December and have another ready in January. Our high-interest loans should be around $16k by the end of January. I'm proud of that considering they were once at $32k!!
Acura Loan - $16,218 Nothing unusual here. Lower on the priority list but still making monthly progress. The loan is actually structured so that we don't have to make another payment until August since we've "prepaid" so much already.
Liabilities -
Mortgage - $292,010 - Small gains but still loving the house!
Student Loans - $24,076 - We made a big payment in December and have another ready in January. Our high-interest loans should be around $16k by the end of January. I'm proud of that considering they were once at $32k!!
Acura Loan - $16,218 Nothing unusual here. Lower on the priority list but still making monthly progress. The loan is actually structured so that we don't have to make another payment until August since we've "prepaid" so much already.
Total Joint Net Worth - $240,835. A beautiful 10.3% improvement in December. I'm pumped how well we are doing and our ability to progress going forward. I can't expect the market to continue its crazy upward trend, but the debt reduction will definitely continue. I just have to remember the immortal words of Ferris Buellers - "Life moves pretty fast. If you don't stop to look around every once in a while, you might miss it."
