QuestForAMillion.net

Here is our net worth calculation for January. Due to the horrific stock market we had a net worth decline for the month. We managed to grow our cash a small amount and decrease our liabilities, but losses in college and retirement accounts wiped out any gains. We had a net worth decrease of $4347 or about 4% for the month.

This month does not bode well for our goal of increasing our net worth for the year, but we still have 11 months to go so we’re not giving up yet.

Notes:

1. Cash & Savings didn’t see a big increase this month because we booked the hotel for our trip to the wedding this summer. That chewed up most of our gains but now we don’t have to worry about it.
2. The credit accounts consist of a HELOC, a balance on a 0% credit card that ends in March 2008, and the rewards card that most of our monthly spending goes on (which we pay in full every month).
3. The decrease in hard assets was due to revaluation of one of our cars. We had to pay the registration in January and when we pay registration is when I revalue the car.

Goals

Our main goal for next month hasn’t changed: work on building cash and savings up.