July 2014 Net Worth Check: Artificially Inflated
Three months ago, I predicted that we would be more or less out of cash by now. That turns out not to be even remotely true, for two main reasons: Mr. FP’s old job paid out his last three months of paychecks in one lump sum, which we are currently living off of; and generous relatives sent us gifts, unsolicited but accepted with love and gratitude, totaling $3000 to “help with your moving costs.”
So the numbers are artificially high this month as we are spending down that last lump-sum paycheck. That said, it’s nice to see that we still have some cash reserves, even after paying off our last loan, and that the number is rising. Here’s how it looks this quarter:
Cash: $7638.35 (after paychecks start coming in from the new job, we’ll see what’s left here and invest most of the leftovers)
Investments: $55,102.25 (This is up about 10% even without money going in. Apparently the market is doing well?)
- Mr. FP’s 403(b): $30,432.31
- Mrs. FP’s rollover IRA: $17,181.63
- Mrs. FP’s Roth IRA: $7487.56
Property: $2000 (1999 Honda Accord)*
Credit Cards: -$1514.73
Net Worth: $63,225.87!
Wow, that’s up a lot–almost 17%! I don’t expect that kind of gain in the next few months, but I think we can maintain modest growth even after spending down these last paychecks. I didn’t realize how well our investments were doing or how much money we had until I sat down and added it up–which is, after all, the point of this exercise, to force myself to look at numbers and see our whole picture. What about you, readers? Has it been a good second quarter for you as well, or are you hoping for better luck the rest of the year?
*I re-checked the car’s value and took $1000 off. Mint offered to track it for me, but I try to use a more realistic number than you get from websites.