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

April 1, 2010

March ’10 Net Worth Update (+6.23%)

Filed under: Net Worth, Personal Finance, Real Example — Tags: , , , — thebalancedspreadsheet @ 10:25 am

March included hitting a milestone as we crossed the $100,000 mark!  We might actually dip below that in April due to some cash expenses described below but it is exciting to see our net worth grow.  After hitting the six figure mark our next goal is the seven-figure mark although that is a few years away. 🙂

Cash-The usual decrease for the month, the balance will decrease a little in April and May due to some big financial changes for us which will be discussed about in the coming weeks.  Also in May is our one year anniversary trip to San Diego!  Our flight and hotel are already paid for but there will be money spent on food, entertainment, and a car while we are out there. 

Employee Stock Purchase Program– End of a quarter so the amount is maxed out at $5,000.  Stock was bought at the close of business on March 31st and after quickly selling it will be posted to my checking account in about a week.

House-I have recently tried some of the online home evaluators 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-Big increase in retirement in the month of March as only a third of the increase is due to contributions into our 401(K) and ROTH IRA accounts.  Starting in 2010 my company began offering a ROTH 401(K)feature which I started to participate in.

Pension-Back to the normal contribution this month.  This amount should stay steady until October or November of this year. 

Mortgage-Another triple mortgage payment reduces the principal by ~$1,800!  We are trying to pay down the mortgage as quickly as we can and it is really cool to see the principle reduced by big chunks every month.  I have added a sidebar on the right side of the blog that has a graph that charts our progress as well as a goal sheet that shows how much time we have left.  At our current pace we will pay the mortgage off in 3 years and 2 months.

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


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