It’s that time again! I like net worth updates and restarted them early this year. Posting them pushes me to try harder, I am also forced to actually check, and I started blogging so I could share with all of you and get feedback.
Net Worth Update – September 2015
Cash (in all checking and savings accounts) – $96,400 (+$8400)
Stocks – $16,000 (-$778)
Retirement – $130,200 (-$9927)
Home – $306,000 (same)
Rental House – $122,000 (same)
Cars – $17,200 (same)
Home – $197,000 ($200)
Car – $12,400 ($220)
Total Net Worth = $478,400
July 2015: $480,285
Total Change: -$1885
I’m ECSTATIC! I know that’s a weird reaction to a $10,000 loss on your stocks, but everyone I know with significant money in stocks of any sort have lost way more in August, and ours are already going back up. Our overall drop of $1885 was just because of a great cash increase from pet sitting and some rental income I delayed getting to the bank last month thanks to my crazy pet sitting schedule.
Overall, it was a solid month with increased pet sitting income. October’s net worth will probably take a hit thanks to $4500 going out in the next two weeks for estimated quarterly taxes.
Our home values are pretty spot on right now thanks to the official evaluations we just had done. Our car values are based off of Kelley Blue Book and what I see on Craigslist.
In the short term, we are working on keeping our expenses low and increasing our income. I’d also love to hit a net worth of $500,000 by the end of 2015, but it’s probably going to depend more on the stock market than on pure savings…
How have you been doing lately? What are your short-term and long-term financial goals?