Well, it looks like I missed a Net Worth Update in December, but here I am to start the new year on the right foot. I’ll make it a goal to try to update the net worth every month this year. Here are the numbers:
SAVINGS (Checking, ING Savings) +4,901 to $30,794
Our savings accounts were up almost $5,000 in December. I’m not entirely sure where that all came from, but most of it came from withdrawing $3,000 from the Vanguard account and also from selling a stock position to prepare us for an upcoming (year or two) home purchase.
INVESTMENTS (Fidelity, Zecco, Edward Jones and Prosper) +901 to $11,178
Investments were up last month even though I sold off a large portion of stock. I didn’t invest anything new except for a few more loans at Prosper.com. I withdrew everything I had in a Vanguard account and put it in my downpayment fund. I also finally figured out how much was in Bird’s mystery Edward Jones account (about $3,600). I think we will be withdrawing that in the coming months and adding it to the downpayment fund.
Still missing from the investment calculation is my ESPP account and Bird’s ESPP account. Neither of us currently know how to access our accounts or how much is in them. Oops. Better add that to the to-do list as well.
RETIREMENT (Roth IRA, Current 401k, Former 401k, Bird’s Former 401k, Bird’s Current 401k) +24,115 to $51,328
My Retirement calculation got a huge jump this month because I finally figured out how to log-on and check Bird’s accounts. So in addition to my former and current 401k and my Roth IRA, I have added her former 401k and her current 401k. Sidenote: On December 31, I contributed $1,500 to my Roth IRA to max it out at $5,000 for the year!
STUDENT LOANS - $17,998 to $27,566
For the first time, I added Bird’s loan ($18,192) on top of mine ($9,374) and here is the new number. Both are at relatively low interest rates (2.75% and 2.85%) so don’t look for us to pay these off any time soon.
Overall, my net worth was up almost 22% in the month of December.
Much of the increase this month came from adding Bird’s accounts, but I also added her debt and was pleasantly surprised to see the jump. From now on, I will be reporting on our total net worth as we continue to figure out how to combine our lives and our finances in this young marriage of ours.
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{ 3 comments… read them below or add one }
Looks good – the last few months have been much better for stocks, so it’s nice that you’ve gotten some benefit from that.
I notice that you don’t list a mortage in your net worth. Do you own your townhouse outright, or did you sell it?
Ok, I’m ashamed to admit it, but since you called me on it…I simply don’t include it because it seems a little too complicated for me. I don’t own it outright but I do only own half of it (with a friend). We are planning on trying to sell it this summer. Once Bird and I buy a house of our own, which we will plan to live in for a LONG time, then I will probably add it in. For now, I will just deal with the consequences of the house (probably going to lose money) when we sell and reflect that in the net worth then (probably taking money from savings to cover losses.) Good question, though. Thanks for asking.
Whoa, come how the interest rate on your loans is so incredibly low?!