Net Worth Update – February 2018

For the month of February, I stuck to my budget and I eventually came well under budget. I’m proud of myself. Tracking my budget on a weekly basis, and adjusting accordingly seems to work best for me. The markets aren’t doing so great, but my net worth increased slightly. Here’s where I stand net worth wise:

Liquid Assets Start End $ Change
Cash & Checking $700 $837 +$137
Gift Cards $0 $45 +$45
Emergency Fund  $4,100  $4,995  +$895
Irregular Bills  $1,185  $502 ($683)
Savings Goals $245 $245 +$0
Brokerage Accts $910 $892  ($18)
Illiquid Assets Start End $ Change
Savings Bonds $1,650 $863  ($787)
Home Equity $13,225 $14,000  +$775
401K $28,517 $28,444  ($73)
Roth IRA $21,548 $21,114  ($434)
Liabilities Start End $ Change
Credit Cards ($636) ($507) +$129
Medical ($735) ($0) +$735
Furniture Loan ($1,687) ($1,582) +$105
401K Loan ($10,432) ($10,190) +$242
Net Worth $58,590 $59,658 +$1,068
% Change +1.8%
  • Liquid Assets

    • Cash & Checking – I try to maintain a $500 cash cushion in my checking account.
    • Gift Card Balances – This is a new “account” I’ll be tracking in hopes of  maximizing my credit card rewards subject to minimizing my online shopping.
    • Emergency Fund – I contributed a bit and had some illiquid savings bonds (ibonds) obtained liquidity.
    • Irregular Bills –  I hold cash for less-than-monthly bills here.
    • Short-Term Savings, Long Term Savings, Brokerage #1 & 2 – I saved but no investments this month.

    Illiquid Assets

    • Savings Bonds – This decreased due to savings bonds (ibonds) becoming liquid assets. But I did buy some new ones.
    • Home Equity – I’m gaining equity!
    • 401K & Roth IRA – the market went down, but my continued contributions  helped cushion the blow a little.

    Liabilities

    • Credit Cards – I’m carrying over a credit card balance at 0% interest.
    • Medical – I finally paid off all my medical bills
    • Furniture Loan  – A 0% APR loan for furniture
    • 401K Loan – Used to finance my condo.

Budget & Spending

Category Budgeted Actual Remaining
Bills & Utilities $250 $205 $45 under
Food $200 $147 $53 under
Medical $- $832 $-
Everything Else $200 $180 $20 under
Total $650  $532 $118 under

I fell $118 under budget. Admittedly, part of the reason for the low food budget was a $40 refund from the month prior. And I did make $50 in online purchase returns.

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