QuestForAMillion.net

Here is our net worth calculation for February. We managed to have a decent increase for the month, but it would have been over $1000 more if it weren’t for the stock market plunge on the 29th. We paid off our 0% credit card which accounts for most of the decreases in both cash and credit accounts. Also, I invested money we had sitting in our newly opened brokerage account, so I moved that calculation from Cash & Savings to Investment. We had a net worth increase of $3934 or about 4% for the month. Unfortunately we’re still below where we started the year.

Notes:

1. Cash & Savings decreased due to debt payoff and some investment.
2. The credit accounts consist of a HELOC and the rewards card that most of our monthly spending goes on (which we pay in full every month). We put $200 toward the HELOC in February.
3. The increase in investments was due to investing the cash sitting our brokerage fund. This was the minimum amount needed to open the account.
4. For the second month in a row the college funds have decreased despite us adding funds to both kids’ accounts. I hope this trend doesn’t continue for long.

Goals

Our main goal for next month hasn’t changed: work on building cash and savings up (especially with our new strategy for the car and student loans).