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

November 2, 2009

October ’09 Net Worth Update (+4.66%)

Filed under: Excel fun, Net Worth, Personal Finance, Uncategorized — Tags: , , — thebalancedspreadsheet @ 12:39 pm

October was another good month net worth month, although not quite as good as September, but still good overall.  We finally got caught up on our ROTH IRA contributions for the year.

Net worth Oct '09

Net Worth Oct '09

Cash-The huge increase this month was due to the sale of some company stock in the Employee stock purchase program (ESPP).  That contributed approx $5,400 in increases.  That was offset by our catch up funding to our ROTH IRA.  We contributed about $1,400 between my wife and me, so now most of our balance less our $10,000 emergency fund is for our vacation/car fund.

Employee Stock Purchase Program-As previously noted, our ESPP account was depleted to buy stock on September 30th.  That stock was sold on October 9th and put into our cash reserves.  The October amount equals one month’s pay that will be used to buy stock at the end of the fourth quarter.

House-A few condos have sold for more then the $95,000 that is on the balance sheet.  I think we have might have hit the bottom of the real estate market.  With that being said I am still leaving the condo valued at $95,000 for now.  I would rather be conservative then jumping the gun.

Retirement-Unfortunately all of the gain is 401(K) and IRA contributions.  The stock market has stayed flat for the most part this month.  Still overall our investments are up around or over 30% since the beginning of the year.

Pension-Back to the normal contribution.  This amount will increase ever so slightly in November and December due to hitting the next income level threshold.

Mortgage-Another triple mortgage payment reduces the principal by ~$1,750!  I have discussed our decision to pay down the mortgage pretty as quick as we can before. It is really cool to see the principle reduced by big chunks every month.  At our current rate, we will pay the mortgage off on July, 2013.  I have decided against refinancing for now due to the breakeven point being 24 months.

You can see past net worth updates at the net worth history page.

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