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End of the 2021 Year Net Worth Update

January 20th, 2022 at 10:00 pm

Cash/Liquid Savings:

$1,214 Animal Fund ($209)
$7,537 Escrow Fund ($5,814)
$6,427 Checkings ($1,700)
$20 Car Fund ($1,805)
$1,491 HSA ($416)

$16,689 Total Liquid Savings ($9,944)

Retirement:

$45,294 DH's 401K ($34,945)
$5,463 DH's IRA ($4,892)
$15,337 My IRA ($13,741)

$66,094 Total Retirement ($53,578)

Liabilities:

-$119,044 Mortgage (-$121,847)

Assets:

$185,000 House
$20,000 in Cars (not counted in figures)



2021 Total Net Worth: $148,739 ($126, 675)
2021 Net Worth without Mortgage & House: $82,783 ($63,522)

Numbers in () are 2020 figures for comparison.

Some of the 2020 numbers are best estimate because I did not post a detailed net worth update last year. But I do have all the figures in my budgeting software. In 2021 we managed to stay out of consumer debt, went on vacation, got a newer car, paid for another baby with cash, made some significant home improvements, and I quit my job to be a SAHM! Lots of changes and we still managed to raise our net worth! Here is to hoping next year is even better!

October Check In & New Website

October 30th, 2020 at 02:22 pm

Debts

Mortgage -$122,309.94 (-$230.57)
Medical Loan #2 -$4,700 (-$500)

Savings

Roth IRAs +$16,380 (+$268)
401K +$30,317 (+$735)
Emergency Fund +$8,284 (+$212)
Animal Fund +$938 (+$0)
Truck Fund +$2,030 (+$5)
HSA +$2,524 (+$250)

Overall: +$2,200.57

Markets went up a bit. Slowly picking at debts and savings. Still waiting on insurance reimbursement from July. 

*****
Thought I would let you know that I am working on a new website that will showcase personal finance blogs. https://budgetbloggers.com/

If you have and suggestions on things you would like to see let me know. 

February Check In

February 27th, 2020 at 05:41 pm

Debts
Mortgage -$112,573.97 (-$156.77)
0% CC $0 (-$2,700)
Helitech Loan -$3,150 (-$400)
Medical Loan -$1,700 (-$100)

Savings
Roth IRAs +$15,568 (-$464)
401K +$25,648 (-$615)
Emergency Fund +$3,406 (+$302)
Animal Fund +$505 (+$0)
Truck Fund +$1,845 (+$120)
HSA +$928 (+$204)

Overall: +$2,903.77

I paid off my credit card! Next goal is to pay off the Helitech loan by June, but hopefully even sooner than that. Retirement is down from the Coronavirus scare. Next month will see the addition of at least $7,000 in medical bills plus I have to pay our 6 month car insurance.

End of the 2019 Year Net Worth Update

January 3rd, 2020 at 03:32 pm

Cash/Liquid Savings:

$105 Animal Fund ($590)
$1,129 Escrow Fund ($690)
$1,100 EF ($1,000)
$1,665 Car Fund ($1,205)
$506 HSA

$4,505 Total Liquid Savings ($3,486)

Retirement:

$26,208 DH's 401K ($16,930)
$4,256 DH's IRA ($3,400)
$11,961 My IRA ($8,630)

$42,425 Total Retirement ($28,960)

Liabilities:

-$112,887 Mortgage (-$114,713)
-$3,100 Home CC (-$12,360)
-$3,950 Helitech Loan
-$1,900 Medical Loan


-$121,837 Total Liabilities (-$127,073) / -$8,950 Non-Mortgage Debt (-$12,360)


2019 Total Net Worth: -$74,907
2019 Net Worth without Mortgage: $37,980


Numbers in () are last year's figures for comparison.

Our retirement accounts went up quite a bit.

Liquid savings did not increase very much due to pregnancy and large medical bills.

We added 2 new debts this year but total unsecured debt is still less than last year so that's a win! Hopefully 2020 will be the year we are debt free again.