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February 2011 Net Worth

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 participant-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 anyway.


1. Cash – $27,700  ($1500 up)
2. Stocks – $19,500  ($400 up)
3. Retirement – $48,000  ($2000 up)
4. Home – $130,000 (same)
5. Cars – $16,000 (same)


1. Home – $66,900  (down $600)

Total Net Worth = $174,300 instead of $169,800
Increase/Decrease = Up $4500 from last month (WOOT!!!)

Yay for blogging income and a good return on our retirement accounts!!!

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 very 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 archives to see our past net worths.

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4 comments to February 2011 Net Worth

  • MikeS

    Nice increase!!! I’m a big fan of market gains too. I’m up $4,376 this month, from $35,275 to $39,651.

    I should find out about 2 big things in the next week or so, bonus and salary increase. Hoping for at least the same bonus as last year and fingers crossed for a decent raise.

    My ING savings account is approaching an all-time high for me. My wife won’t get excited about it, but I do. I’m very much a personal finance geek.

  • I don’t usually keep track of how much is in my bank account, but I do give myself small rewards when I hit milestones such as 100K in the savings acct, etc.

  • @MikeS, WOW! A 12% jump in one month – that’s fantastic!!! Good luck on your raise and bonus!!! As you know, we got a sneaky pay cut and my next review is in October…

    Hey, pf geeks kick butt!

    @Henway, it’s nice to reward yourself. When we pay off our mortgage (6 years or less to go), we’re going to use one month of payments ($900) to throw a party and upgrade something in the house. :-)