Net Worth Update

Now that my taxes are done and paid for, I thought it would be nice to update my net worth.

In January, I had:


  • House: $252,900
  • Cars: $20,789
  • Checking accounts: $3,220
  • Savings accounts$6,254
  • CDs: $1,105
  • IRAs: $12,001
  • Investment Accounts: $1,155
  • Total: $297,424


  • Mortgage: $29,982
  • Credit card: $18,725
  • Total: $48,707

Overall: $249,717.00

Here is my current status:


  • House: $240,100 (-12,800)  Estimated market value according to the county tax assessor.   This will be going down in a few months when the estimates are finalized for the year.  I don’t care much about this number.  We’re not moving any time soon, so the lower the value, the lower the tax assessment.
  • Cars: $15,857 (-4,932)   Kelly Blue Book suggested retail value for both of our vehicles and my motorcycle.
  • Checking accounts: $4,817 (+1,597)   I have accounts spread across three banks.  I don’t keep much operating cash here, so this fluctuates based on how far away my next paycheck is.
  • Savings accounts: $6,418 (+164)   I have savings accounts spread across a few banks.  This does not include my kids’ accounts, even though they are in my name.  This includes every savings goal I have at the moment.  I swept a chunk of this into an IRA to lower my tax bill, which is also why my IRA balance is up as much as it is.
  • CDs: $1,107 (+2)   I consider this a part of my emergency fund.
  • IRAs: $16,398 (+4,397)  I have finally started to contribute automatically.  It’s only $200 at the moment, but it’s something.
  • Investment Accounts:  $308 (-847)  I pulled most of this out and threw it at a credit card.
  • Total: $285,005 (-12,419)


  • Mortgage: $28,162 (-1,820)
  • Credit card: $16,038  (-2,687)  This is the current target of my debt snowball.  This has actually grown a bit over the last week.  I did a balance transfer that cost $400, but it gives me 0% for a year, versus the 9% I was paying.  That will pay for itself in 3 months, while simplifying my payments a bit and saving me almost a thousand dollars in payments this year.
  • Total: $44,200 (-4,507)

Overall: $240,805 (-8,912)

Well, I lost some net worth over the last quarter, but it’s still a good report.  If I disregard the change in value of my house and cars–two thing I have no control over–my overall total would have gone up almost $9,000.

All in all, it’s been a good year for me, so far, though paying off that credit card by fall is going to be a challenge.

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    1. I just love how your mortgage costs less than a new Toyota Prius V! Good stuff man!

    2. awesome balance on the mortgage! You’ll get the cc’s soon enough, just remember to mark a calendar or something you’ll remember when the 0% goes away.


    1. […] Live Real, Now paid his taxes, so he’s giving a mod-month update.  His net worth is about $250,000.  I don’t really go by net worth, but he has some money in savings, checking, and investments, so he’s doing good. […]

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