It's March 2nd and we're expecting 6" to 10" of snow today. Not cool. It's been a wild two months of 2014 and as such, I missed the boat on my January Net Worth Review. Little Guy turned 1 on February 7th and the Prof turned 30 on the 22nd!! It's been a great month (among the snow and ice) and we are excited for the rest of the year.
Cash - $32,321 (-$839)
Investments - $135,790 ($10,210)
Home Value - $366,000 ($0)
Personal Assets - $52,367 ($3,968)
Less: Liabilities - $334,264 ($1,960)
Assets -
Investments - Wow. January was a sour month for the market place, but February roared back strong. I've done some consolidating to my accounts this year and transferred my PNC IRA to a Vanguard IRA and then rolled over my 401k as well. Now, I have fewer accounts and achieved a lower expense ratio as a result of increased holdings! BAM and BAM!
Personal Assets -
Here's to the Numbers!!
Cash - $32,321 (-$839)
Investments - $135,790 ($10,210)
Home Value - $366,000 ($0)
Personal Assets - $52,367 ($3,968)
Less: Liabilities - $334,264 ($1,960)
Assets -
Cash - January & February were pretty boring months in terms of cash flow. We've been very aggressive with my student loan payments as you will see below, so our cash levels haven't increased that much. We're actually happy with our level of cash at this point and would like to use some of the excess to pay down Debt and build investments. Having an emergency fund is important, but with the new house - our next big purchase need will be construction projects or my new car, which won't be for at least 18 months. So, eliminating debt is high priority right now.
Investments - Wow. January was a sour month for the market place, but February roared back strong. I've done some consolidating to my accounts this year and transferred my PNC IRA to a Vanguard IRA and then rolled over my 401k as well. Now, I have fewer accounts and achieved a lower expense ratio as a result of increased holdings! BAM and BAM!
Personal Assets -
We got some jewelry appraised as part of our new insurance policy. The value of our wedding rings and other items increased significantly than my original estimates. Although we wouldn't sell these items unless absolutely necessary, its also nice knowing that its there.
Liabilities -
Mortgage - $291,612 - More small gains. We may attack this harder in the future, but for now, I'm okay with interest rate and a roof over my head.
Student Loans - $18,344 - We've paid down this by $5,732 in only two months! I'm really excited to watch this go down and we should make another large payment in March when our Tax Refund comes in. As I said before, we're comfortable with our current savings and using some of that to lower our debt to $0 in 2014 is goal.
Acura Loan - $15,188 We'll continue to make larger than needed payments to the Acura, but won't get ultra aggressive until the 6.8% student loans are gone. Just math. This should still be gone by mid-year 2015.
PNC (Screw You) Loan - $9,120 - So, the Education Assistance that PNC provided was bogus. They changed their policy and are forcing me to pay back over $9k of the $15k that was provided. This is why I will be closing all my PNC accounts in March.
Liabilities -
Mortgage - $291,612 - More small gains. We may attack this harder in the future, but for now, I'm okay with interest rate and a roof over my head.
Student Loans - $18,344 - We've paid down this by $5,732 in only two months! I'm really excited to watch this go down and we should make another large payment in March when our Tax Refund comes in. As I said before, we're comfortable with our current savings and using some of that to lower our debt to $0 in 2014 is goal.
Acura Loan - $15,188 We'll continue to make larger than needed payments to the Acura, but won't get ultra aggressive until the 6.8% student loans are gone. Just math. This should still be gone by mid-year 2015.
PNC (Screw You) Loan - $9,120 - So, the Education Assistance that PNC provided was bogus. They changed their policy and are forcing me to pay back over $9k of the $15k that was provided. This is why I will be closing all my PNC accounts in March.
Total Joint Net Worth - $252,213. A 4.9% improvement since December. Steady growth even with the unexpected liability (still bitter). I expect our Net Worth to continue to grow as debt goes down and investments go up! It's an exciting time for our household!!
