October 2015 Net Worth Review

Wow - I didn't realize its been 5 months since my last review.  Time to get back on track....

Here's to the Numbers (since May2015)!!

Cash - $25,503 (-$3,600)
Investments - $183,545 ($13,076)
Home Value - $366,000 ($0)
Personal Assets - $66,950 ($19,250)
Less: Liabilities - $315,320 ($10,236)

Assets -

Cash - So the wife has not been working for 6 months and we've been consciously allocating more savings into mutual funds than our checking accounts.  I expect this to go up slightly as the Prof returns to work today but we'll still be pushing for more stock market returns in the future.

Investments - The market has been crazy since May.  It was down 12% in August but then had its best month in 4 years in October.  However, the selling of vehicles attributed to a $8,750 contribution to our investing account.

Personal Assets - 

We said goodbye to the 2006 Sonata and the 2009 Acura MDX!! First, we're taken over the payments on my mother-in-law's 2012 MDX.  The payments were roughly the same and will only extend the life of our loan by 6 months.  As a condition of this arrangement, I needed to get a new car.  My mother-in-law did not like her grandchildren riding around in a 2006 sedan with 110,000 miles on it.  So, I bought a 2013 Sonata Hybrid!  It's been 6 weeks and I've purchased one tank of gas! 

Liabilities -

Mortgage - $287,130 - Steady payments.  Nearly back to our principal pre-refinance.

Student Loans - $2,141 - Just making our usual $100/month payments.  At 1.26%, I have no concern with paying them off early.

Acura Loan - $12,143 - 0.9% interest.
Sonata Hybrid - $14,388 - 3.99% interest.
 

Total Joint Net Worth - $326,193.  A 5.8% increase since May and 9.8% since Year-End! 
 

May 2015 Net Worth Review

Wow - I didn't realize its been 5 months since my last review.  Time to get back on track....

Here's to the Numbers (since January 2015)!!

Cash - $29,103 ($6,104)
Investments - $170,469 ($11,868)
Home Value - $366,000 ($0)
Personal Assets - $47,700 (-$1,787)
Less: Liabilities - $305,084 ($157)

Assets -

Cash - Wow.  I'm very happy about our ability to save $6k while buying a bed, hanging a kid (and push present) and home upkeep.  We've set a goal of updating our kitchen in the next 24 months, so we've made a big push to allocate money to savings more in 2015.

Investments - Great example of how steady contributions can grow over time.  The markets have performed well and we've made our usual 401k and several 529 investments.

Personal Assets - 

Nothing to see here.  Just depreciation of my Sonata.

Liabilities -

Mortgage - $289,526 - Well, we refinanced at 3.875% and lowered our payments.  We did add some principal back to eliminate all of our closing costs - which was a nice boost to cash.

Student Loans - $2,629 - Just making our usual $100/month payments.  At 1.26%, I have no concern with paying them off early.

Acura Loan - $9,929 - Steady payments!
 

Total Joint Net Worth - $308,187.  A 5.5% increase since January and 3.7% since January! 

Retirement savings Up - Check.
Cash Levels - Check
Lowered Debt Payments - Check

Very happy with 2015 so far!!

January 2015 Net Worth Review

I can't believe I never wrote a review for YE.  Our December Net Worth was $297,211!  So close to $300k

Here's to the Numbers!!

Cash - $22,999 (-$2,699)
Investments - $158,601 (-$790)
Home Value - $366,000 ($0)
Personal Assets - $49,487 ($0)
Less: Liabilities - $304.927 (-$1,713)

Assets -

Cash - Tough couple months as we've taken on some major changes within our house.  I actually started a new job and because of our new pay cycle, missed a paycheck in January.  Also, we completely furnished Baby #1's big boy room through Pottery Barn.  So, he's all ready to move once his lil sister comes!!  In addition, in January, we renovated our family room.  We covered the wood paneling and painted the walls and bricks a toupe/white to brighten up the room!  It looks great these items took their tool on the bank account.

To offset some of this stuff, the Prof has been side hustling like crazy through ebay and craigslist.  We've sold nearly $1,300 of old stuff in the last two months!  One man's junk is another man's treasure.

Investments - A rough few months in the market.  No major contributions on our end, but the markets have been up and then down in December and January.

Personal Assets - 

Nothing to see here.

Liabilities -

Mortgage - $287,084 - Slow and steady.  We are actually investigating refinancing this bad boy in order to lower our interest rate 0.5%.  It'll lower our monthly payment by about $100 but allow us to do with very minimal closing cost - win/win.

Student Loans - $3,017 (-$405) - Another one bites the dust!  I paid off my third and last graduate student loan this month!  All that is left are my undergrad loans at 1.26% - which means I pay $100/month and only $4 in interest.  I'm in no hurry to kill these right now.

Acura Loan - $11,826   Getting back on the car payment horse.  I need to get rid of this in order to start thinking about my new car!

Total Joint Net Worth - $292,160.  A -1.7% drop since December!  We were so close to $300k - soon enough.

That being said - my goal for 2015 is to increase my liquidity.  I've got a hefty retirement fund and stable earnings.  I'd like to increase my emergency fund and cash accounts.  With a new baby on the way, I'm more concerned about handling the month to month stuff than my retirement right now.  I'll still contribute 7% of my paycheck, but need to build up savings for future projects/cars.