My Net Worth

I last did a net worth update in August.  I don’t worry  much about tracking my net worth, but I’d like to know where I sit at the beginning of the year.  If I’m going to track it, I’m going to share it.

This is where I was sitting in August:

Assets

• House: $252,900
• Cars: $19,740
• Checking accounts: $1,342
• Savings accounts: $5,481  I
• CDs: $1,101
• IRAs: $10,838
• Total: $291,402

Liabilities

• Mortgage: $31,118
• Car loan: $0.    Woo!
• Credit card: $20,967
• Total: $52,085

Overall: $239,317

Here is my current status:

Assets

• House: $252,900 (-0)  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.  It hasn’t gone down, yet, so I’m not counting the change, yet.
• Cars: $20,789 (+1049)   Kelly Blue Book suggested retail value for both of our vehicles and my motorcycle.  Wee!  Value went up on things I intend to drive into the ground!
• Checking accounts: $3,220 (+1,878)   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: $6,254 (+773)   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.
• CDs: $1,105 (+4)   I consider this a part of my emergency fund.
• IRAs: $12,001 (+1,163)  
• Investment Accounts:  $1,155 (+1155)  Occasionally, I run across some stocks that can’t possibly go down.  I’ve only been wrong once on this front, but I never risk an amount that would be painful to lose.
• Total: $297,424 (+6022)

Liabilities

• Mortgage: $29,982 (-1136)
• Car loan: $0.
• Credit card: $18,725  (-2242)  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: $48,707 (-3378)

Overall: $249,717 (+9400)

2011 Totals

• Assets:  $297,424 (-1441)
• Liabilities:  $48,707 (-10021)
• Overall: $249,717 (+9580)

I had two goals in August:  Get an IRA rolling and save an extra $2500.

The IRAs I have are just sitting.   I haven’t done anything to boost them, in any way, so hurray for the free $1163!

My savings have only grown my $773, but the $1000 I put in the investment account 3 weeks ago came from my car fund, so it would have been a growth of $1773, which isn’t bad at all.

I would still like to kill that credit card debt by August, which I think is doable.   My crazy goal is to get rid of it by the end of May.

On 4/15/2009, I had $90,395 in debt.  Today, it’s $48,707, so I’ve paid down $41,688 in just under three years, for an average of $1263 per month.  That average is down $92 over the last few months.  I blame our insane Christmas.

Overall, we had a good year.  Paying off my car loan while paying down $4800 in credit card debt feels good.  Now, I need to make 2012 better.