Wednesday, July 20, 2011

July 2011 Net Worth Update

I apologize for keeping you waiting for so long (I've officially missed 4 on time posts). Here's where I left off....

My assets increased by $960.35 and my liabilities decreased by $1132.14. Here's the summary explanation:

403(b): (+739.34) This includes three bi-weekly contributions of $205 (total of $615). The rest reflects the growth of the underlying investments (two mutual funds). 

Emergency Savings: (+15.26) $15 of this amount reflects my deposits of $5 into the account every two weeks. I've earned $0.26 in interest on the balance. This amount will soon dwindle to $51.88 as I've set up a transfer of $400 to cover my new credit card balance.

Regular Brokerage Account and Roth IRA: (+$56.37 and +$158.92) Nothing new here: recurring deposits of $25 into the regular brokerage account every two weeks and no deposits into the Roth. You won't notice it, but I deposited $75 into my regular brokerage account since the June 1st update; however, the growth noted here is $56.37. Even though the balance for the regular brokerage account is higher than last month, I actually have an unrealized loss.

Savings Account: (-$9.54) This account is still suffering from motion sickness. Despite my deposits via "Keep the Change" and monthly deposits of $25 ($50 deposited since my last net worth update), the change in the balance is lower than it was in June. It doesn't help that I recently transferred $100 to cover part of my credit card balance. 

Car Loan: (+1027.53) I can hardly believe I put over one thousand bucks towards this account since my last update. Nevertheless, I am officially under a $5k balance! The end of this loan is fast approaching! Maybe then I can make up with my dwindling savings accounts balances :)

Credit Card: (+$397.27) I paid off my balance and have since had a number of transactions. However, the balance for this account is $0, thanks to the $280.41 payment I made. Going forward, this account will only have a recurring expense of $6 every week for a virtual assistant I pay. Most of my expenses will now go to my shiny new rewards card...
*NEW*Rewards Credit Card (-368.98) ...And it really is shiny. Like "bling-bling-gold" shiny. Anywho, I've been swiping away with my new friend: I reserved a hotel room for a family gathering later this month, purchased airfare to Florida for September (I jumped on a fare sale, a round-trip ticket for $95.40 ain't too shabby), and food. Going forward, I plan to use this account for all food, gasoline (and other vehicle maintenance) and miscellaneous expenses; furthermore, I will pay the balance in full every billing cycle (over at least two payments per cycle to keep the balance low).

Student Loan: (+$76.33) Every month, $229.21 diligently goes towards my student loan. I'm looking forward to increasing this amount, soon!

No comments:

Post a Comment