Net Worth 2015-07

Total Net Worth in July: $318,592 (+$15,063)

A much better month than June.  We finally got some traction on the 401K loan (+3,522), and we are hoping to have it paid off by November.

It has been too long, but we finally broke thru the $310K milestone, and almost hit the $320K milestone.

Assets: (-$634)

Once again we are taking a conservative view of property price appreciation. I do not plan to update our property values very often (if ever).

I looked up the KBB values on our vehicles.  My vehicle went down in price, and the value has been updated.  My wife’s car supposedly went up in value, but I  left it unchanged in the net worth calculation.

Net Cash Accounts: (+$2,538)

This section contains the balances of all of our cash accounts outside of our rental property.  Emergency funds, banking, savings accounts, HSA, FSA and credit cards. (we do not include escrow balances in our net worth) We pay the credit cards off in full every month, but the balances obviously change from month to month.

The biggest adjustment to our cash accounts came from paying off our larger than normal June credit card statement.  We did have a decent sized car repair/maintenance bill in July, but otherwise the month was unremarkable.

I doubt this section moves much over the next few months as we hope to put all excess cash towards the 401K loan.

Net Cash Rental Accounts: (+$398)

In this grouping we have a rental checking account, a savings account for emergencies and big-ticket items, liabilities booked for the return of damage deposits.  Additionally, in this group we have a credit card for rental expenses that is paid off in full every month.

This was a better month for the rental compared to June as we had no major maintenance or repair expenses.

As of the end of the month we were still waiting on the August rent from one of our tenants.  It’s not late until 5 days after the beginning of the month,  and there is no reason to believe we wont be paid on time but I am pointing it out because of the impact on the rental account balance.

Hopefully we will get a chance to build some cash reserves in this area over the next few months after depleting them in June.

Retirement accounts: (+$8,557)

Ok, it was a good month here, I am pleased.  Even if a fair amount of the change was from our extra payments to our 401K loan.

We are in a little more cash than usual, and I would like to get it into the market if we get a pullback.  In addition its time to look at getting rebalanced.

Liabilities: (+$4,204)

We paid down $3,522 on our 401K loan. I am hoping we can have this paid off in Oct or Nov.

The pay-down on our mortgages will continue to be about $700/month over the course of the year.

Thanks for reading, how did you do this month?


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