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Mid-Year Net Worth Update

July 1st, 2023 at 05:36 pm

Now that we are half way through the year (how is that possible already??) I wanted to check in on how I am doing financially. One of my big goals for the year was to increase my net worth. Which so far I have accomplished! My liquid savings are down but so is debt and retirement is up.

 

Cash/Liquid Savings:

 $1,364 Animal Fund (-$322)

 $5,720 Escrow Fund (-$322)

 $2,124 Checking Accounts (+$62)

 $20 Car Fund ($0)

 $99 HSA (-$1,020)

 $9,327 Total Liquid Savings (-$1,602)

 

Retirement:

 $52,237 DH's 401K (+$9,377)

 $5,683 DH's IRA (+$633)

 $21,351 My IRA (+$5,229)

 $79,271 Total Retirement (+$15,239)

 

Liabilities:

 -$114,374 Mortgage (-$1,459)

 -$9,772 Land Loan (-$1,087)

 -$891 Hospital Loan (-$372)

 -$125,037 Total Liabilities (-$2,918)

 

Assets: 

$185,000 House

$20,000 in Cars (not counted in figures)

  

Mid-Year Total Net Worth: $148,561 (+$16,557)

Mid-Year Net Worth without Mortgage & House: $77,935 (+$15,098)

Numbers in () are the changes from the beginning of 2023.

 

Really pleased to see both my retirement contributions and the market are up, leading to the biggest increase in our net worth. Now if I can get my spending reigned in and my savings up I'll be in good shape.

2 Responses to “Mid-Year Net Worth Update ”

  1. Dido Says:
    1688240076

    You're already in good shape by being focused on your savings and spending in your 20s! That bodes well for your long-term success.

  2. terri77 Says:
    1688486701

    Looking good! Are these figures your gain/losses for the year? Is your car fund for repairs or for the purchase of your next car?

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