The Balanced Spreadsheet-Financial News, Budget Advice, Debt help, Financial Tips, and other advice

August 1, 2009

July ’09 Net Worth update (+9.29%)

Filed under: Excel fun, Net Worth, Personal Finance — Tags: , — thebalancedspreadsheet @ 10:01 am

We have a real good month this month as our net income increased over 9%!  This was primarily due to the stock market recovering and the sale of some company stock.


Networth July '09

Networth July '09

Cash-The huge increase this month was due to the sale of some company stock in the Employee stock purchase program (ESPP) and the fact that we only made the minimum payment on our mortgage this month.  Currently we have a nice cushion but some of that is going towards a trip and possible IRA funding down the road.  

ESPPAs previously noted, our ESPP account was depleted to buy stock on June 30th.  That stock was sold on July 7th and put into our cash reserves.  The July amount equals one month’s pay that will be used to buy stock at the end of the third quarter.

House-Nothing new on the housing front as there has not been a condo sold in our development since March.  I am tracking this monthly as similar condos in other developments have sold but I really do not feel comfortable in trying to do comparative sales at this point.

Retirement-Nice to see our retirement accounts rebound.  Most of that is growth as I did not contribute any more to my employers 401(K).  The wife and I did each open up a ROTH IRA for 2009.  We only contributed $250 each, but will probably contribute more before the year is up.

Pension-Same contribution as last month.  This amount should stay steady until November or December.

Mortgage-Since last month we paid almost $9,000 in principal to remove PMI, we decided this month to just pay the minimum payment to build our cash fun a little.  Next month we will go back to making triple mortgage payments (!) in order to pay down the mortgage faster.


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