It’s that time again! I like net worth updates and restarted them early last 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 – February 2016
Cash (in all checking and savings accounts) – $89,000 (-$18,000)
Stocks – $16,900 (-$825)
Retirement – $139,300 (+$3630)
Home – $306,000 (same)
Rental House – $122,000 (same)
Cars – $16,000 (same)
Home – $195,360 ($640)
Car – $11,300 ($400)
Total Net Worth = $482,540
Last Month: $488,250
Total Change: -$5710
Honestly, I expected worse. We took a huge cash hit because we paid estimated quarterly taxes ($4500), fully funded our 2016 Roth IRA’s ($11,000), had dental bills for hubby ($1500), and paid our December credit card bills which were higher than usual thanks to our traveling and Christmas shopping.
Even if cash wasn’t swallowed up, I expected the stock market to hurt us hard. But I threw my $5500 into my target date mutual fund near the lowest part of the latest decline, so it’s already bounced back.
Overall, I’m optimistic for 2016. I’m aiming for at least $500,000 by the end of the year with the BIG goal set at $550,000.
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.
How have you been doing lately? What are your short-term and long-term financial goals?