Sign Up | Login
Explore | Questions | Tips | Journals | My Portfolio | My Badge

Net Worth Report for July 2013

Assets   $ Diff % Diff
Cash $15,543 - -
Stocks $0 - -
Bonds $0 - -
Annuities $0 - -
Retirement $86,939 - -
Home $128,983 - -
Other Real Estate $0 - -
Cars $30,000 - -
Personal Property $0 - -
Other $6,500 - -
Total Assets $267,965 - -
Debts   $ Diff % Diff
Home Mortgage(s) $122,000 - -
Other Mortgage(s) $0 - -
Student Loans $0 - -
Credit Card $0 - -
Car Loans $0 - -
Other $0 - -
Total Debts $122,000 - -
 
Net Worth $145,965 - -
Net Worth History Chart
Monthly Entry
Paid off my student loan, truck loan, CC pretty much every other debt that I had with the exception of the mortgage but hey I didn't have $125,000 just laying around. The mortgage debt is an approximation since I can't get my login information from work.

My primary focus at this point has been to save up around $35,000 which is roughly 6 months worth of income as an insurance policy to hedge against a job loss. Seeing as how I'm in the military that doesn't seem like a likely possibility but I am debating a career change in the not-so-distant future. Regardless, it's not a bad idea to have liquid cash around. After that the focus will be on paying down the mortgage and upping my retirment/savings contributions. I still feel like I should make an appt with an advisor to get an idea where I will be retirement-wise if I maintain my savings plan as is.

Been setting aside $150/paycheck (not on the books) in order to purchase big-ticket items. Guns, Bicycle, D-SLR... that kind of thing. Mason jar equivalent of a child's piggy bank.

Father passed away recently, and after clearing out his estate it became more apparent that I needed to maintain focus on my own finances. It appears he had no life insurance in effect, made no effort toward final planning, and had virtually nothing in the bank.

Still leaning toward med school. Hopefully by the end of this tour I'll have a good amount in the bank saved and be ready to absorb the pay out for it.

I'll try to keep this updated more often than I have been.//jmc

Net Worth Report for January 2012

Assets   $ Diff % Diff
Cash $10,166 - -
Stocks $0 - -
Bonds $0 - -
Annuities $0 - -
Retirement $56,989 - -
Home $132,700 - -
Other Real Estate $0 - -
Cars $29,817 - -
Personal Property $0 - -
Other $7,060 - -
Total Assets $236,732 - -
Debts   $ Diff % Diff
Home Mortgage(s) $129,300 - -
Other Mortgage(s) $0 - -
Student Loans $998 - -
Credit Card $0 - -
Car Loans $22,923 - -
Other $0 - -
Total Debts $153,221 - -
 
Net Worth $83,511 - -
Net Worth History Chart
Monthly Entry
I feel like I never post on here anymore, I've been continuing to sock away cash as my future with the military is uncertain. I've continued to take classes at the local community college in an effort to apply to med school. We shall see how that goes.
Wish I had better news for my house, but it continues to decline in value, I need to hire a painter, have some bathroom repairs completed and have the carpet replaced before I sell it. Saved up about $4500 toward my roof repairs from the hail storm almost 2 years ago. I need to complete that before the 2 year anniversary or else I doubt insurance will cover it. Sold the BMW, got some cash that I'm saving off-line (not factored in calculation) for toys, little by little I've been siphoning off money to put towards those.

Think I'm going to talk to a financial advisor in the near future, I'd like to take a more proactive and participatory role in my retirement savings, and I'd like to see some big(ger) returns too.

That's about it for now.... //J

Net Worth Report for February 2011

Assets   $ Diff % Diff
Cash $13,449 - -
Stocks $0 - -
Bonds $0 - -
Annuities $0 - -
Retirement $46,860 - -
Home $135,000 - -
Other Real Estate $0 - -
Cars $32,600 - -
Personal Property $0 - -
Other $5,200 - -
Total Assets $233,109 - -
Debts   $ Diff % Diff
Home Mortgage(s) $131,822 - -
Other Mortgage(s) $0 - -
Student Loans $1,914 - -
Credit Card $959 - -
Car Loans $30,966 - -
Other $0 - -
Total Debts $165,661 - -
 
Net Worth $67,448 - -
Net Worth History Chart
Monthly Entry
I've gotta get on here more... I fell off the wagon there for a bit, started spending without tracking and although I didn't get myself into any serious trouble, I didn't like where I was heading. Sat down the other night and finally wrote down the status of all my accounts in order to make some sense of it all.

Bought a (used) truck, the BMW was falling apart faster than I could get her back together, and she was/is in need of some major repairs that frankly I couldn't justify the expense on. She's still sitting in my garage until I decide on an outcome, I'm leaning toward donation in order to get the $500 tax write off which is probably more than I'd get from a trade in. Got a hefty Income Tax refund that will most likely go to pay off the last bit of the Motorcycle loan, and the last bit of my deductible for my roof. It's only taken me 11 months to save up the 2% deductible to get my roof fixed from last spring's hail storm (just in time for hail season this year (NOTE TO SELF: lower HOI deductible to 1%)).

I'm planning a road trip to LA this month to see a good friend of mine and the truck doesn't get the same MPGs as my last car so I'll have to budget accordingly. A few other "nice to haves" are on my horizon as well as the $1000+ or so per semester for college tuition and books. So I do feel better that I can predict and channel my money, should get a boost in income next month with an increase in Flight pay I think about $400 more. Should give me a little more breathing room. I'm currently contributing 17% of pretax base pay to TSP (~$880/mo), I plan on increasing that to 20% when I reach the half-way point on the truck loan.

Little by little I'll get things paid down. I really hate owing money and being in debt!!!

J