Spring is here! Baseball is back! It's March Net Worth Time!!!
Cash - $32,319 (-$2)
Investments - $137,310 ($1,520)
Home Value - $366,000 ($0)
Personal Assets - $52,367 (-$1,767)
Less: Liabilities - $327,549 (-$6,715)
Assets -
Investments - Considering I invested $1,500 into my IRA and I made $980 weekly contributions into my 401(k), this month was not a great month for the market, but also not a terrible month. Markets be crazy!!
Personal Assets -
Here's to the Numbers!!
Cash - $32,319 (-$2)
Investments - $137,310 ($1,520)
Home Value - $366,000 ($0)
Personal Assets - $52,367 (-$1,767)
Less: Liabilities - $327,549 (-$6,715)
Assets -
Cash - Our best cash flow month yet! That's crazy to see a change of $2 considering everything that happened. First, we finalized our taxes to the tune of a $4,500 Refund!!! Easily the highest refund I have ever received and something that definitely helped eliminate our debts this month. I've written before about why I like getting a refund and don't treat it like an "interest free loan to the government". However, this year's refund is probably little higher than I'd like, it's also out of the ordinary considering everything that went into it. 3 years of grad school, Baby Boy and some capital losses (caused by moving) caused the spike in return - I'm not complaining, but I'm also not going to change my W-2 because not all those things will happen again.
Investments - Considering I invested $1,500 into my IRA and I made $980 weekly contributions into my 401(k), this month was not a great month for the market, but also not a terrible month. Markets be crazy!!
Personal Assets -
Just lowering the value of cars....
Liabilities -
Mortgage - $291,214 - Ho Hum. I've seen other places that quote this at Home Equity (Home Value less Mortgage), and it's six-and-half-one-dozen-the-other in my mind. I like looking at it as debt because then I can have a goal = $0. With equity, my goal would be $1,000,000; which is unattainable.
Student Loans - $14,220 (-$4,220) - BAM! We beat this up in March. The prof and I are on the same page about lowering this to $0 before Baby #2 and we are okay with less emergency fund, we'd like around $10k available. So, I used the refund this month to spear the b*tch, but we'll utilize some E-Funds (mostly cash flow though) to knock this out by Sept.
Acura Loan - $14,622 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 - $7,859 - I hate writing these checks and will be glad when all my PNC accounts are closed.
Liabilities -
Mortgage - $291,214 - Ho Hum. I've seen other places that quote this at Home Equity (Home Value less Mortgage), and it's six-and-half-one-dozen-the-other in my mind. I like looking at it as debt because then I can have a goal = $0. With equity, my goal would be $1,000,000; which is unattainable.
Student Loans - $14,220 (-$4,220) - BAM! We beat this up in March. The prof and I are on the same page about lowering this to $0 before Baby #2 and we are okay with less emergency fund, we'd like around $10k available. So, I used the refund this month to spear the b*tch, but we'll utilize some E-Funds (mostly cash flow though) to knock this out by Sept.
Acura Loan - $14,622 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 - $7,859 - I hate writing these checks and will be glad when all my PNC accounts are closed.
Total Joint Net Worth - $252,213. A 1.2% improvement in one month. Nothing to go crazy about, but I feel better about our position and our strategy going forward!
