October Net Worth Review

I really need to get back to the blog.  I've neglected it the past couple months aside from the Net Worth Review.  To be honest, it's been really hard to find the time - and that's not an excuse nor is it an embellishment.  School has picked up and I've really tried to concentrate at work and devote more time to that.  I let myself slack off and realized I need to do more at the office to set myself apart.  So, between that and the preparations for Little Peach - the blog has taken a backseat.

 

Cash - $15,086 (-$4,067)
Investments - $83,369 (+$623)
Home Value - $180,000 ($0)
Personal Assets - $50,892 (+$26,977)
Less: Liabilities - $188,626 (+$23,720)

Here's how it breaks down:

Obviously, there was a major purchase made during the month.  The Prof and I bought a new car!!!! (Everytime I say that I feel like Bob Barker!)  The Acura MDX is not sitting in our driveway being sweet!!  So, we paid $5k down and took a loan of $24.2k for a car worth $27.6k.  So, the major fluctutations are mostly explained through those three items.  I'm not thrilled about the taking out a loan like that, but we got a decent interest rate and the value was great.  Also, we had the cash ear-marked for this purchase since June, so no love lost there either.  However, I did get to create a new Loan Pay Down Schedule in my Super Sweet Spreadsheet!!!  Let the Debt Destruction begin!!!

Assets -
Cash - Decent month overall when you consider the $5k reduction for the car.  We put one of Laura's paychecks into Investments and used one to build up the emergency fund.  Also, we received some supplemental funds regarding Fantasy winnings of $50 and $150 for selling some books.  Not a lot, but every bit helps.

Investments - The markets took a hit this month as my return was actual negative (1-1.5%) for the month.  Most of that was due to II-VI's negative return of ~13%.  Easily the most frustrating stock to own ever.  Some people say to buy now that its low, but everyone fundamental mark is negative.  I don't see the upside.  We'll keep what we have since they were a gift, but I won't be adding to that.

Personal Assets - No Change to the Home Value.  Then we see the additional of the Acura less normal depreciation on the Sonata and Acura.

 

Liabilities -
Mortgage - $130,524 - Blah, Blah, Blah. 

Student Loans - $33,908 - A small change here as we've altered our strategy toward growth and away from paying down debt.  No big deal. 

 

Acura Loan - $24,194 - I told the Prof that we would be taking an aggressive approach to this debt in order to reduce the principal sooner.  We'll pay a bit more than expected per the 60 month amortization schedule to try and pay it off in 3 and half years.  Did I ever tell you I hate debt??

Total Joint Net Worth - $140,721

After all that we saw our Net Worth decrease $187.  Not bad considering the loss in cash and the markets in October.  November election looms so the markets could be volatile, but it is a 3 Paycheck Month!!!  So, hopefully we'll see some big gains.  Also, the Prof and I have some NFL Office Pools in action - hopefully we can get lucky over the next couple weeks!