Net Worth Update – August 2013

by AB@AspiringBlogger.com

Aspiring Blogger August 2013 Net Worth Report

After posting July’s net worth report before the income and expense report, I decided I liked that format.  To be 100% transparent – the income and expense report takes a LOT of work (at least 5 hours, but it can be more) and with so much going on right now it has been tough to spend the time on it that it deserves. I like taking a look at the net worth and then having all the details behind it a few days later – but let me know if you don’t agree. If you’ve looked at the chart already – you’ll notice that this wasn’t our best month, but at least our net worth still increased. Keep reading to see what’s been going on!

ASSETS:

Cash – +$0 – No major changes here.

Cash Savings+$2,110 – We were able to sock away a little more this way than last month – which was nice, but when you look below at the credit cards – you’ll realize that we’ve already spent it all…oh well, that’s the way it goes sometimes!

Emergency Fund – +$0 – If you take a look at last month’s net worth report, you’ll notice that I switched up some of my bank accounts in an effort to simplify. Doing that also meant moving the emergency fund out of its own account and into another account with my “general savings”. It’s not a huge change, but it does mean that I won’t be reporting any interest on this account anymore – it’ll just be pegged at $20k (unless we change that amount) unless something happens and we need it.

Taxable Investments+$600 – Wow – one of the most boring accounts on here, and we finally have some action! Mrs AB’s parents gave us some money to invest with. It was definitely a nice idea, so we’ve got this money ready and we’ll hopefully be deploying it in the next month.

Roth IRA+$101 – After talking about how awesome the Roth IRAs were doing last month and helping move us toward financial independence and eventual early retirement…I guess it’s not surprising that things took a downward turn this month! I know it’ll bounce back – and we’ll keep putting money in here, so it works out in the long run.

401(k)+$845 – This gain is mostly just the money we put into it, but it’s still nice to have a positive number here.

Auto Value-$74 – Just regular auto depreciation here. We’ve had some issues with Mrs AB’s car (new brakes, needs a timing belt, someone lightly hit her bumper, etc) so I may need to adjust this – at least for the damage.

Home Value+$0 – Still set at the purchase price – no change.

LIABILITIES:

Credit Card – +$2,143 – Whoops – this went back in the wrong direction! Most of this is due to Mrs AB’s school expenses. She’s had a lot of books to buy – around $700ish, we bought her a computer (a MacBook Air – of course!), parking pass, etc. So there goes about $2k (Which should be offset next month as she got a scholarship that will offset it!) and we also had the car repairs for a little over $600 and auto insurance renewal for around $700. So all in all – a very expensive month in the Aspiring Blogger household! We definitely weren’t very frugal, but a lot of the expenses were necessary.

Mortgage-$1,123 – Since we’re paying more than our regular payment this is going down nicely. We’re currently on track to have it paid off in 10 years, but the plan is to have it paid off much sooner than that using extra money along the way.

Other+$483 – This is the new “Property Tax” category I introduced last month. I probably should just rename it to that – but I’m leaving it as other for now just in case I decide to lump something else in here in the future.

OVERALL:

Not an awesome month for us – I’ll be the first to admit that. We weren’t very frugal and had several unexpected expenses. Luckily we had enough cash on hand to take care of the expenses that came up without dipping into our emergency fund. The stock market didn’t help much this month, which is another big reason why our overall net worth increase was only $2k – way below our average.

How did August treat you? Were your investments spared or did you get hit like I did? Are you prepared for the last 4 months of the year to reach your financial goals? Not much time left! Let me know in the comments. Thanks for stopping by!

AB

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{ 6 comments… read them below or add one }

Lisa E. @ Lisa Vs. The Loans September 10, 2013 at 10:56 pm

August was such a bad month for me spending-wise. My Roth took a little downturn, too! Oh well, I guess that’s what you get for putting money in the markets! Can’t wait for the upswings!

Reply

AB@AspiringBlogger.com September 15, 2013 at 3:49 pm

I completely agree, Lisa! It sucks when it goes down – but it makes us look forward to the upswings even more! And it gives us time to put more money into the market so that it grows more when the upswings take hold – which history has told us that they will! Thanks for stopping by!
AB

Reply

moneystepper September 19, 2013 at 4:58 pm

I would say its a good place to be when you increase your monthly net wealth by over $2k and consider it to be a bad month. Just shows how well you are doing!!

Reply

AB@AspiringBlogger.com September 20, 2013 at 5:12 pm

Thanks moneystepper! I definitely have no room to complain – I just know that I have a lot of room for improvement, that’s all! Thanks for stopping by.
AB

Reply

debT debS March 30, 2014 at 10:19 am

Are you not doing financial updates anymore?

Reply

AB@AspiringBlogger.com March 31, 2014 at 8:30 am

Hey, thanks for the comment! I’ve actually put that on pause for several reasons. I’ll be back soon with an explanation. Thanks for stopping by!
AB

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