Category Archives: Net Worth

June 2013 Net Worth

To see last month’s net worth, check out May 2013 Net Worth.

It’s June! Wow, time just passes by! I turned 23 last month, and I look forward to having an amazing year!

Summer is here, finally! I have been working out and eating healthier to get ready for the summer. I have been working out five times a week. I do a combination of Pilates  yoga, weights, and bootcamp.

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Here’s the progress we have made this past month.

Savings: $39,500. We are +$3,000. We met our savings goal for the month. We are really close to reaching the $50,000 mark, at which point we can start searching for a house. Only 3.5 more months to go!

Checking: $1,161.23 This amount varies every month, as we get paid, and pay all our bills.

401K: $13,543 This increased by +$1,504. The markets are going up and up and away!

ROTH IRA #1: $3,534.72 This increased by +$98. The markets keep going up and up!

ESPP: $2,665  This increased by +1,465. Finally updated this valuation.

Discover Credit Card: -$1,535. I pay this bill off every month.

CoAmerica Credit Card: -$417.89. The statement monthly amount gets paid off in full.

Total Increase of $3,067!

I have to admit these net worth updates are not the most interesting, but they do keep us accountable.

How was your last month? Are your progressing on your annual goals?

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May 2013 Net Worth

If you are interested in seeing how I have progressed since last month, check out my April Net Worth update.

May is here! Next week I turn 23! Pretty daunting and scary. I’m one year closer to 30, and I’m not sure if I like that fact. My 22nd year in life went pretty quickly. A couple of days back, I started thinking about all my professional goals, and realized I will be with my company for a year in June. I told myself I would need to start hustling after one year. Deadline is almost here. So far, I have learned a lot, and feel a lot more confident! Yay for experience!

Last month, we paid off our car loan. It’s been pretty nice not having a loan over our heads, and a car payment. Our minimum car payment was only $150, but I was paying off the car loan early, and added another $250 to the payment, every month.

Savings: $36,500. We are +$3,000. We met our savings goal for the month. We are really close to reaching the $50,000 mark, at which point we can start searching for a house. Only 4.5 more months to go! 4.5 mo. x $3,000 = $13500. We should hit our goal in September.

Checking: $500. We paid off the credit card bills, and other expenses.

401K: $12,039. This increased by +$1,694. The markets are going up and up and away!

ROTH IRA #1: $3,436. This increased by +$87. The markets are hot and heavy.

ESPP: $1,200. My ESPP only increases once every quarter. Money is withdrawn from every paycheck, and then held by the company until the end of the quarter when it is automatically invested.

Discover Credit Card: -$813.33. I paid off last month’s billing statement. We are on good on this one. Amount is recurring transactions.

CoAmerica Credit Card: -$219. I just paid off last billing’s statement. Next payment in next month. Only car and renter’s insurance goes on here.

A total increase of $4,781! This is hard to believe!!!!

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How was your last month’s progress? Please share :) The more the merrier.

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Current State of Finances: Net Worth May 2012

I have decided to share our current state of finances to give myself and everyone a framework of our financial situation. It took me a while to decide whether I would share actual numbers on my blog. I decided to track my personal finance history and share numbers to keep us on track on our financial and personal journey. Our financial situation has been fluctuating significantly this past year, but I hope for positive growth this year.

I, also, must confess we have not been tracking our expenses. I signed up for mint, but I not started to use it effectively. This is something I need to work on now that I do not have school anymore. I feel like if I kept track of my finances, I would not have spent so much during college. I actually had quicken since high school, but sometime during freshman year of college, I decided to stop tracking my finances. I think I did not want to look at how much I was spending on fast food or clothes. If I could go back, I would change that!

As you may also know, I finished my undergraduate and graduate degree with no debt. I had scholarships that paid 85% of my way, and my parents paid for 15%. My husband also finished his bachelor’s with no debt. His parents paid for his tuition, and my husband paid for his living expenses.

So, here it is. It’s very short and simple.

  • $19,720 in savings
  • $440 in checking account
  • $400 for a freelance job ( I should be getting this money soon and it will go straight to savings)

I’m not sure how much my husband’s car is worth, so I will not include it in our net worth.

Our net worth looks pretty good, especially for our life stage, but it’s actually a little inflated because the savings we have are actually for my car and braces.

Once we start working we will start contributing to our 401K and ROTH IRAs. I want to max out both our ROTH IRAs this year. (More on that later). I, also, want to start making some additional side income apart from salary.

Any thoughts or comments? How are you doing?

SavvyFinancialLatina