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Net Worth Archive for 2012

Net Worth Report for December 2012

Assets   $ Diff % Diff
Cash $47,232 $471 1.01 %
Stocks $0 $0 -
Bonds $0 $0 -
Annuities $3,255 $53 1.66 %
Retirement $54,548 $1,962 3.73 %
Home $395,000 $0 0.00 %
Other Real Estate $0 $0 -
Cars $7,000 $0 0.00 %
Personal Property $18,000 $0 0.00 %
Other $0 $0 -
Total Assets $525,035 $2,486 0.48 %
Debts   $ Diff % Diff
Home Mortgage(s) $306,968 ($520) -0.17 %
Other Mortgage(s) $0 $0 -
Student Loans $0 $0 -
Credit Card $2,322 $596 34.53 %
Car Loans $0 $0 -
Other $0 ($220) -
Total Debts $309,290 ($144) -0.05 %
 
Net Worth $215,745 $2,630 1.23 %
Net Worth History Chart
Monthly Entry
And there goes another year without too much action in the net worth department. 2012 was more about getting certain accounts back to previous thresholds, which I was mostly able to do.

The checking, savings, and emergency fund accounts are all now where they should be. The only one left to replenish is the business account, and there are several freelance jobs in the works which should take care of that in the next 2-3 months.

What's on tap for 2013? A vacation to Alaska is planned for June, and there's one or two more pieces of furniture to acquire for the house before I'm 100% done. At least all the current furniture has been paid off, allowing me to shift some of those funds to the Roth IRA, allowing me to put away even more in the tax-free retirement fund than before. I've been underfunding those accounts long enough.

Net Worth Report for November 2012

Assets   $ Diff % Diff
Cash $46,761 $1,098 2.40 %
Stocks $0 $0 -
Bonds $0 $0 -
Annuities $3,202 $52 1.65 %
Retirement $52,586 $599 1.15 %
Home $395,000 $0 0.00 %
Other Real Estate $0 $0 -
Cars $7,000 $0 0.00 %
Personal Property $18,000 $0 0.00 %
Other $0 $0 -
Total Assets $522,549 $1,749 0.34 %
Debts   $ Diff % Diff
Home Mortgage(s) $307,488 ($517) -0.17 %
Other Mortgage(s) $0 $0 -
Student Loans $0 $0 -
Credit Card $1,726 $982 131.99 %
Car Loans $0 $0 -
Other $220 ($180) -45.00 %
Total Debts $309,434 $285 0.09 %
 
Net Worth $213,115 $1,464 0.69 %
Net Worth History Chart
Monthly Entry
I did a bad thing.

I was afraid I wouldn't get past the week of Black Friday without springing for something. Alas, the opportunity to get a decent item for a decent price was too much to resist. I picked up a Samsung 46" Slim LED TV (because sometimes there's just no need to use the projector for casual viewing). Total came to $871 (including taxes and recycling fee). It's a current year model with a bunch of nice features, and I saved $300, so I can mark that long-standing item off my list.

But enough about expenses. I've been pulling a few extra jobs (websites and music) so took in more than usual. I'm also continuing to hold off on all non-essential business expenses until that account is back to $10K (need a few more months for that). Another piece of good news is that I have one payment left on the house furniture. Good times!

The end of the year will be marked by a bunch of account re-balancing. I'll be throwing extra fundage into the Roth IRA (making up for the current lack of 401k contributions). Also, as of January 2013, the new default amount in my checking will increase to $8000. That's a solid 2 months worth of expenses (a first-line-of-defense contingency measure). Extra savings and emergency fund amounts will remain the same for now. This all totals a 9-month cushion, were my income to completely cease. Hopefully I don't have to use it, but these days you never know what the future holds.

Net Worth Report for October 2012

Assets   $ Diff % Diff
Cash $45,663 $631 1.40 %
Stocks $0 $0 -
Bonds $0 $0 -
Annuities $3,150 $53 1.71 %
Retirement $51,987 ($550) -1.05 %
Home $395,000 $0 0.00 %
Other Real Estate $0 $0 -
Cars $7,000 $0 0.00 %
Personal Property $18,000 $0 0.00 %
Other $0 $0 -
Total Assets $520,800 $134 0.03 %
Debts   $ Diff % Diff
Home Mortgage(s) $308,005 ($516) -0.17 %
Other Mortgage(s) $0 $0 -
Student Loans $0 $0 -
Credit Card $744 ($118) -13.69 %
Car Loans $0 $0 -
Other $400 ($180) -31.03 %
Total Debts $309,149 ($814) -0.26 %
 
Net Worth $211,651 $948 0.45 %
Net Worth History Chart
Monthly Entry
So I've put in an appeal for reducing the property tax, which according to the workshop I attended, is a WAY bigger process than what I thought it would be, and even if I win, the value won't carry over to next year. But hey, it's the principle of the matter, and I can save up to $450 in property taxes for 2012. Challenge accepted.

Did some more music gigs which kept the income stable. Also got freelance website gigs coming up for November, so maybe I'll get the business account back to where it should be. Not by the end of the year, but in the right direction anyway!

Net Worth Report for September 2012

Assets   $ Diff % Diff
Cash $45,032 ($1,928) -4.11 %
Stocks $0 $0 -
Bonds $0 $0 -
Annuities $3,097 $52 1.71 %
Retirement $52,537 $1,643 3.23 %
Home $395,000 ($3,000) -0.75 %
Other Real Estate $0 $0 -
Cars $7,000 $0 0.00 %
Personal Property $18,000 $0 0.00 %
Other $0 $0 -
Total Assets $520,666 ($3,233) -0.62 %
Debts   $ Diff % Diff
Home Mortgage(s) $308,521 ($515) -0.17 %
Other Mortgage(s) $0 $0 -
Student Loans $0 $0 -
Credit Card $862 ($1,890) -68.68 %
Car Loans $0 $0 -
Other $580 ($180) -23.68 %
Total Debts $309,963 ($2,585) -0.83 %
 
Net Worth $210,703 ($648) -0.31 %
Net Worth History Chart
Monthly Entry
The MacBook Pro has been paid for, carving out a small chunk from the cash asset. Otherwise not much else. Took a small week-long vacation to Texas, managing to keep total travel expenses to $120 or so, while also doing some extra music gigs to help get the savings fund back over $10K.

Still waiting for the green light on working from home, which should happen some time in the next 30 days. In the meantime, I'm doing a lot of work on personal projects, which is keeping me from going out and spending. Maybe it'll help ease up on the monthly budget.

Also, the appeal on my property tax is pending. Still waiting to see when I can go in and get this impound amount lowered a bit. House values are coming back up, but still way south of what the state thinks this place is worth. Until I get the final results, I'll keep inching down the house value so the graph looks stable.

Net Worth Report for August 2012

Assets   $ Diff % Diff
Cash $46,960 ($216) -0.46 %
Stocks $0 $0 -
Bonds $0 $0 -
Annuities $3,045 $51 1.70 %
Retirement $50,894 $1,228 2.47 %
Home $398,000 ($2,000) -0.50 %
Other Real Estate $0 $0 -
Cars $7,000 $0 0.00 %
Personal Property $18,000 $0 0.00 %
Other $0 $0 -
Total Assets $523,899 ($937) -0.18 %
Debts   $ Diff % Diff
Home Mortgage(s) $309,036 ($513) -0.17 %
Other Mortgage(s) $0 $0 -
Student Loans $0 $0 -
Credit Card $2,752 ($878) -24.19 %
Car Loans $0 $0 -
Other $760 ($180) -19.15 %
Total Debts $312,548 ($1,571) -0.50 %
 
Net Worth $211,351 $634 0.30 %
Net Worth History Chart
Monthly Entry
Loving the new lappy, but that high credit card debt is still hanging over my head for another 10 days. The cash asset will drop considerably in September, so I'm fasting on other expenditures for the next 30 days to stem the loss.

I downgraded cable TV to the economy package since I hardly watch TV at all. That will save about $30-40 a month. Long-term observers may notice the "Other Debts" has been steadily decreasing by $180/month, which was the 0% interest promotional offer on the Living Spaces furniture for when I moved in. 4 months to go until that is paid off, which we be a nice "raise" for 2013.

Going on a brief trip to Texas (and day trip to Oklahoma), but my ticket is paid for and it's only for 6 days. Spending on this excursion should be minimal. One music gig would take care of it.

Net Worth Report for July 2012

Assets   $ Diff % Diff
Cash $47,176 $121 0.26 %
Stocks $0 $0 -
Bonds $0 $0 -
Annuities $2,994 $52 1.77 %
Retirement $49,666 $780 1.60 %
Home $400,000 $0 0.00 %
Other Real Estate $0 $0 -
Cars $7,000 $0 0.00 %
Personal Property $18,000 $0 0.00 %
Other $0 $0 -
Total Assets $524,836 $953 0.18 %
Debts   $ Diff % Diff
Home Mortgage(s) $309,549 ($510) -0.16 %
Other Mortgage(s) $0 $0 -
Student Loans $0 $0 -
Credit Card $3,630 $2,010 124.07 %
Car Loans $0 $0 -
Other $940 ($180) -16.07 %
Total Debts $314,119 $1,320 0.42 %
 
Net Worth $210,717 ($367) -0.17 %
Net Worth History Chart
Monthly Entry
You knew it was coming. So did I. After 8 years, the laptop has finally been replaced with a new machine, a 13" MacBook Pro with all the upgraded bells and whistles. Best Buy had a sale with $75 off, only a 5% dent, but it's still something. I also re-worked the guest bedroom with a new mattress, sheets and window blinds (all deeply discounted of course), so that added to the spending this month as well. Seriously time to cool it now!

The annual property tax notice came, and I'll be a son of a gun if the taxable value didn't change at all! Now I know the townhouses around here dropped at least 10% by the new year 2012. Methinks the local government is too lazy to check it out and figures most people won't bother to challenge it. Well, guess again! I'm gathering some comps and will appeal that figure. I know I can get it down and save a few hundy on the property tax. California gets enough from me as it is.

I re-adjusted personal property values, depreciating some of the older things while adding the new lappy, and, oh look, the total value hasn't changed at all. Just great. Some of my stuff isn't worth what it used to be.

I have a few music gigs on deck for August (about time!) and maybe a freelance project to try and stem the steep losses my cash flow will take from paying off these new expenses. I believe it's time for another spending fast, yes?

Net Worth Report for June 2012

Assets   $ Diff % Diff
Cash $47,055 $538 1.16 %
Stocks $0 $0 -
Bonds $0 $0 -
Annuities $2,942 $51 1.76 %
Retirement $48,886 $1,269 2.67 %
Home $400,000 $0 0.00 %
Other Real Estate $0 $0 -
Cars $7,000 $0 0.00 %
Personal Property $18,000 $0 0.00 %
Other $0 $0 -
Total Assets $523,883 $1,858 0.36 %
Debts   $ Diff % Diff
Home Mortgage(s) $310,059 ($510) -0.16 %
Other Mortgage(s) $0 $0 -
Student Loans $0 $0 -
Credit Card $1,620 $811 100.25 %
Car Loans $0 $0 -
Other $1,120 ($180) -13.85 %
Total Debts $312,799 $121 0.04 %
 
Net Worth $211,084 $1,737 0.83 %
Net Worth History Chart
Monthly Entry
Nothing exciting for this round. Still haven't bought a new lappy yet, but it will probably happen in the next week. The state will also be re-assessing my home value for this coming-up tax year, so I'm leaving that at the 400k mark for now. My net worth may take a wild swing the next month or so, depending on what they say. Let's hope it's not gruesome.

Net Worth Report for May 2012

Assets   $ Diff % Diff
Cash $46,517 $3,795 8.88 %
Stocks $0 $0 -
Bonds $0 $0 -
Annuities $2,891 $52 1.83 %
Retirement $47,617 ($2,346) -4.70 %
Home $400,000 ($4,000) -0.99 %
Other Real Estate $0 $0 -
Cars $7,000 $0 0.00 %
Personal Property $18,000 $0 0.00 %
Other $0 $0 -
Total Assets $522,025 ($2,499) -0.48 %
Debts   $ Diff % Diff
Home Mortgage(s) $310,569 ($507) -0.16 %
Other Mortgage(s) $0 $0 -
Student Loans $0 $0 -
Credit Card $809 $126 18.45 %
Car Loans $0 $0 -
Other $1,300 ($180) -12.16 %
Total Debts $312,678 ($561) -0.18 %
 
Net Worth $209,347 ($1,938) -0.92 %
Net Worth History Chart
Monthly Entry
The Federal and State tax rebates came in, so that pushed up the value in the cash flow department. Unfortunately the faltering stock market and decreasing home value offset all that. Par for the course I suppose.

Taking spotty side jobs here and there so it helps keeps things stable, but the impending purchase of a new laptop computer will put pressure on business funds just a bit.

Net Worth Report for April 2012

Assets   $ Diff % Diff
Cash $42,722 $1,175 2.83 %
Stocks $0 $0 -
Bonds $0 $0 -
Annuities $2,839 ($10) -0.35 %
Retirement $49,963 ($77) -0.15 %
Home $404,000 ($1,000) -0.25 %
Other Real Estate $0 $0 -
Cars $7,000 $0 0.00 %
Personal Property $18,000 $0 0.00 %
Other $0 $0 -
Total Assets $524,524 $88 0.02 %
Debts   $ Diff % Diff
Home Mortgage(s) $311,076 ($496) -0.16 %
Other Mortgage(s) $0 $0 -
Student Loans $0 $0 -
Credit Card $683 $137 25.09 %
Car Loans $0 $0 -
Other $1,480 ($180) -10.84 %
Total Debts $313,239 ($539) -0.17 %
 
Net Worth $211,285 $627 0.30 %
Net Worth History Chart
Monthly Entry
Ho hum, just coasting along and keeping it light. The only excitement was a 6-day roadtrip, which will thankfully be cheap due to free hotel stays and free gas. My temporary roommate is gone, but it was a nice little boost to the cash flow while it lasted. Also had to adjust the annuity amount since I finally got an annual statement and saw how my interest was really being handed out. The rate is, of course, dropping like everything else.

Still waiting for both federal and state tax refunds. Also needing to badly replace the aging laptop... where are the new machines Apple??

Net Worth Report for March 2012

Assets   $ Diff % Diff
Cash $41,547 ($562) -1.33 %
Stocks $0 $0 -
Bonds $0 $0 -
Annuities $2,849 $52 1.86 %
Retirement $50,040 $1,244 2.55 %
Home $405,000 ($3,000) -0.74 %
Other Real Estate $0 $0 -
Cars $7,000 $0 0.00 %
Personal Property $18,000 $0 0.00 %
Other $0 $0 -
Total Assets $524,436 ($2,266) -0.43 %
Debts   $ Diff % Diff
Home Mortgage(s) $311,572 ($495) -0.16 %
Other Mortgage(s) $0 $0 -
Student Loans $0 $0 -
Credit Card $546 ($431) -44.11 %
Car Loans $0 $0 -
Other $1,660 ($180) -9.78 %
Total Debts $313,778 ($1,106) -0.35 %
 
Net Worth $210,658 ($1,160) -0.55 %
Net Worth History Chart
Monthly Entry
At least the stock market is going in the right direction, unlike the value of my home (and I'm being very generous with the figure). Oh well, that's how the system works...

Pretty quiet again, although I did pick up a temporary roommate who's contributing an extra $150/week. Nothing big but it's a nicely added bonus for the spring. I'm trying not to get used to it because she makes really good meals for when I get home from work, haha.

I'll be sending in my taxes so the net worth should jump a little (or I'll decrease the home value a little more to compensate). Whatever keeps me above $200K!

Net Worth Report for February 2012

Assets   $ Diff % Diff
Cash $42,109 $409 0.98 %
Stocks $0 $0 -
Bonds $0 $0 -
Annuities $2,797 $52 1.89 %
Retirement $48,796 $2,227 4.78 %
Home $408,000 ($2,000) -0.49 %
Other Real Estate $0 $0 -
Cars $7,000 $0 0.00 %
Personal Property $18,000 $0 0.00 %
Other $0 $0 -
Total Assets $526,702 $688 0.13 %
Debts   $ Diff % Diff
Home Mortgage(s) $312,067 ($493) -0.16 %
Other Mortgage(s) $0 $0 -
Student Loans $0 $0 -
Credit Card $977 $139 16.59 %
Car Loans $0 $0 -
Other $1,840 ($180) -8.91 %
Total Debts $314,884 ($534) -0.17 %
 
Net Worth $211,818 $1,222 0.58 %
Net Worth History Chart
Monthly Entry
Nothing special here this time. Cash and stocks went up, so I'm offsetting those gains with more bleed from the house value. After an initial tax assessment, it looks like I'll definitely be getting a nice hefty return due to all the money I put out in 2011 on the house. That will make my goals of filling certain accounts to proper levels much more feasible. I may get there by the summer, which is much sooner than I anticipated. Good stuff...

Net Worth Report for January 2012

Assets   $ Diff % Diff
Cash $41,700 $5,616 15.56 %
Stocks $0 $0 -
Bonds $0 $0 -
Annuities $2,745 $52 1.93 %
Retirement $46,569 $2,716 6.19 %
Home $410,000 ($4,000) -0.97 %
Other Real Estate $0 $0 -
Cars $7,000 $0 0.00 %
Personal Property $18,000 $0 0.00 %
Other $0 $0 -
Total Assets $526,014 $4,384 0.84 %
Debts   $ Diff % Diff
Home Mortgage(s) $312,560 ($491) -0.16 %
Other Mortgage(s) $0 $0 -
Student Loans $0 $0 -
Credit Card $838 ($164) -16.37 %
Car Loans $0 $0 -
Other $2,020 ($180) -8.18 %
Total Debts $315,418 ($835) -0.26 %
 
Net Worth $210,596 $5,219 2.54 %
Net Worth History Chart
Monthly Entry
The year is off to a good start. Not only was I repaid some debt, but I ended up playing music gigs every single weekend in January, topped off by a decent return in the stock market. This is probably a good time to counter the gain with a few ticks off the house price, but I'm only doing that until I get my next property assessment.

I've already estimated the taxes for 2011, and because of all last year's expenses with the house, I should actually get a decent return this time (I usually break even any other year). Whatever refund I receive will go straight to savings. I do not rest until that gets back to $10,000 (currently at $6700-ish). From there I will slowly build back up the road trip fund to $2000 (currently $400), then I'll pad my checking account with 2 months worth of bill-paying funds (around $6,000). Provided nothing drastic or life-altering happens, I'm confident I can get it all there by the end of the year.

As my car continues to age, I'm entertaining the idea of starting a new separate fund for a new car. I don't plan on buying one anytime soon unless the current one gets totaled. I'm looking at a purchase in late 2015, so I have plenty of time to think about what I would like. I'm hoping hybrid/electric technology has vastly improved and become cheaper by then and I can rely less on petroleum.

Onward ho...