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January 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 – $26,200 ($1500 up)
2. Stocks – $19,100 ($200 down)
3. Retirement – $46,000 ($1000 up)
4. Home – $130,000 (same)
5. Cars – $16,000 (same)


1. Home – $67,500 (down $600)

Total Net Worth = $169,800 instead of $166,900
Increase/Decrease = Up $2900 from last month (WOOT)

We spent about $107 on Weight Watchers Online and $150 extra on healthier groceries but we still did pretty well last month.  I wish the market did better…

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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8 comments to January 2011 Net Worth

  • That’s a good increase Crystal.

    I don’t include pension value in our NW because we only have the value of our annual pension payment at retirement, not a fund value.

  • Total net worth of $169,800? That’s pretty good. My wife and I are still young, but last I checked, our net worth is a whopping $5,000. That number used to be negative! But, we’re really paying off our debts in a hurry. :)

  • @Laura, good point. That’s another reason I won’t include our pension. :-) My main reason is still because I’m too lazy to figure out how to find its balance, lol.

    @LifeAndMyFinances, yeah, when my husband and I got married at 21 and 22, we had a net worth around $600 I think. We spent the next 2 years saving up for our home’s 20% downpayment and started building up our accounts after that…

  • MikeS

    That’s a pretty good increase. It’s going to be harder for you to grow it as a percentage the bigger the number gets.

    A nice market helped my net worth in January. I’m up $2,354 from $32,921 to $35,275.

  • Oh, how I wish I could say I had a net worth like yours! right now I am hovering around the $20k mark and I’m hoping to get it to $25k by the end of the year. (I’m going to be shelling out a pretty penny or two on home improvements this year, ah, the joys of home ownership!)

  • Excluding investments (since there’s no way for us to know what was your contribution/the market movement) a $2100 change in cash and home equity in one month is pretty awesome.

    That’s like…+/- 1.3% in one month :o ex-investments. Guess that savedquarter challenge helps :P

  • @MikeS, congrats on the increase! I hope you and your wife are doing well.

    @Merceedes, it’ll get better with time. :-) We were just lucky to start out with home equity by buying a foreclosure…

    @JT, LOL, yeah, I guess it’s not bad at all!

  • […] again, they raised our premium.  We went from $765 a year to $825.  I was pretty upset since our home value has definitely not gone up and I have no idea why it would take $184,000 to rebuild a $130,000 […]