For anyone new to BFS, I post a net worth update at the beginning of every month in order to keep myself motivated and to involve BFS readers.  Please feel free to ask questions, make suggestions, or even post your net worths too.  I am a particpant-motivated blogger, so please jump on in.

I calculate our net worth as listed below.  I don’t include the value of our possessions, I round down to the nearest hundred for assets, and I round up to the nearest hundred for liabilities.  I also don’t include my husband’s pension account since I’m too lazy to keep up with it and it shouldn’t actually matter until he retires.

Assets
1. Cash – $25,500 (we paid for grad school’s 1st summer session…yuck)
2. Stocks – $12,300 ($100 loss…icky)
3. Retirement – $36,000
4. Home – $130,000
5. Cars – $16,000

Liabilities
1. Home – $72,700
2. Car – $9,900  (We made an extra $500 principal payment in mid-April, yay!)

Total Net Worth = $137,200
Increase/Decrease = Up $3800 from last month

That’s way better than I was expecting due to grad school.  We’ve been living on less lately since we’ve been staying in a lot.  Hubby’s been working on grad school and I’m a paid blogging woman now.  Those two link ads on the right brought in $387.80 after Paypal took its cut.  Please feel free to ignore the ads, but I’m so happy. 

I base the value of our home on two things: comparables selling in our neighborhood and the estimated appraisal by Chase Home Value Estimator.  I will always estimate low.

I base the value of our cars on Kelley Blue Book’s Private Party Value of our vehicles in “Good” condition truncated down to the nearest $1000.  For example, if my car is valued at $4600, I’d calculate that as $4000.

Please feel free to visit the archive to see our past net worths.