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

February 1, 2010

January ’10 Net Worth Update (+1.95%)

Filed under: Excel fun, Net Worth, Personal Finance, Real Example, Uncategorized — Tags: , , , , — thebalancedspreadsheet @ 11:53 am

2010 started out with the lowest increase since June and included an actual dip in total assets but still an overall increase none the less.

Net worth Jan '10

Cash-The quarterly sale of stock in the employee stock purchase program was the main reason for the increase. The cash is made up of a $10,000 emergency fund while the rest is mostly in savings for a car/vacation.

Employee Stock Purchase Program– As previously noted, our ESPP account was depleted to buy stock on December 31st. That stock was sold on January 10th and put into our cash reserves. The January amount equals one month’s pay that will be used to buy stock at the end of the fourth quarter.

House-I have recently tried some of the online home valuators and got a wide range of values. The average was around the $95,000 and I will be using the amount for a while.

Retirement-For the first time in a while the stock market hit a downturn. The actual loss was much greater considering we contributed about $1,100 into our 401(K) and ROTH IRA accounts. Starting this month my company will be began offering a ROTH 401(K) feature which I started to participate in.

Pension-A new year means a reset on the level on contributions put into my pension each month. The $172.76 will be constant for most of 2010.

Mortgage-Another triple mortgage payment reduces the principal by ~$1,800!  I have discussed our decision to pay down the mortgage as quickly 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. We 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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4 Comments »

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    Pingback by Friday Fiscals: Blizzard Edition | Finance Blog — February 6, 2010 @ 2:17 am

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    Pingback by Friday Fiscals: Blizzard Edition | Finance, credit, debt, insurance, investing, leasing, loans and mortage — February 13, 2010 @ 8:57 am

  4. […] could have been put down.  This means I am still paying $58.00 a month in PMI and as mentioned before the condo has dropped about 16% in value since 2006.  Thankfully I am in aggressive pay down mode […]

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