november-nw November is behind us, and here is the second installment of my net worth report.  Simply click on the picture to the left to get a legible version of my net worth.

Liquid Assets

My liquid assets took a huge beating this past month.  The main reason for this is that I plunked a big chunk of money ( almost $2 grand ) into opening my wife a Roth IRA.  You’ll also notice that I included the mutual funds that I recently started.  I consider these to be long-term investments, but they are still “liquid” in the sense that I can convert them to cash pretty easily if I want to.  I need to continue paying down my credit card debt so that I can get my liquid assets back up to a much higher level.  Oh, on another note, I did pay off my LASIK loan.  The loan was 0% of course, but it feels good to have it paid off.

My Cars

Cars are strange sometimes.  Traditionally, cars depreciate each and every month.  Some faster than others of course, but the numbers generally go down.  However, my Civic Hybrid is apparently worth 1.25% more this month than it was last month - cool.  It’s not much, but I’ll take it.  My overall car negative equity decreased by 6.89% to a cool -$10,074.14.  Next month I should be well under $10k in negative equity.  Not exactly a stellar goal, but going the right way.

My House

My house / neighborhood still isn’t on Zillow.com, so I’m using the VA appraisal from when I purchased it.  By those standards, the equity in my home increased slightly to $16,723.84.

Retirement

As I noted above, I finally got around to opening up a Roth IRA for my wife, and I contributed $1950 to get it started.  Even though I don’t max out my Roth, I like having one for each of us, so that when I am able to max them out, I get the added benefit of two accounts vs one.  My 401(k) took a little beating, as did my wife’s TSP from her military days.  That doesn’t really worry me, as I’m just 25 and nowhere near retirement.  I did re-balance her TSP a little bit though, to make it more aggressive.  My retirement assets were up a net 27%, mostly due to opening that extra Roth.

Overall

My net worth increased by a cool $1572.77 , or 9.84%.  Since my net worth is so low, the percentages are going to be higher than you’ll see on other folks reports.  I don’t feel any richer than I did a month ago, but the report to your left says otherwise.  Net worth is funny like that - I actually feel like I have less money.  I guess that’s because I do indeed have less cash, but my car equity position is better, and I have more in retirement accounts. 

I’m not expecting a net worth increase for December - in fact, I’m expecting a decrease.  I always spend more than I should in December, and this year isn’t looking much different.  Hopefully I’ll prove myself wrong though - I would love to see a jump for December.

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