Tuesday, January 12, 2010

January 2010 Net Worth Update

Ok, so for my first (and possibly only) post of 2010, a net worth update. It's worth trying to figure out how we've been doing on this net worth thing since I started paying attention. So, without further ado, my net worth at the beginning of 2010 compared to February 2007. Not up in total, despite getting lots of money for our wedding, but mostly because of the stock market and buying our car. However, I am proud of how much we have contributed to retirement accounts in the last 3 years (retirement savings is up more than $25,000!). Although some of that money has disappeared into lower stock prices, we have maxed out our Roth IRAs for the last few years, and do have something to show for it. Yay!

Husband's 401k (no contributions) --- 27,579.44 (down from 29,887.59)
My Roth IRA -----------------------------------16,421.69 (up from 2,058.16)
Husband's Roth IRA---------------------------14,047.12 (up from zero)

Investment account -------------------27,000 (down from 32,793.81)
Exxon stock -------------------------------------6819.00 (down from 7,554.00)

CD ---------------------------------------------------0 (down from $25,000)
ING Direct savings account -------------------15,300 (up from 14,243.71)
Regular checking account -------------------1,755.00 (down from 5,452.31)

No debt! : )

Car (bought used). Since we're not planning to sell the car at any point, I don't count it towards our net worth. But technically if we needed to, we could sell it and buy something cheaper/older.

Net Worth =================== 108,922.25 (down from $116,989.58)