QuestForAMillion.net

Here is our net worth calculation for September.  Liabilities went down and assets went up which is exactly what we want to see.  We had a net worth gain of $3936 or about 4% for the month.

All in all, we’re not doing too bad, but we’re not where we need to be yet.  Our goal for the end of 2007 is to have a net worth of $100,000 so it looks like we’re in good shape there.  Our net worth at the end of 2006 was $72,068.88 so we’ve made good progress this year.

Notes:

1. Cash and savings is in a rebuilding phase since we paid off a big debt last month.
2. The retirement accounts are fully invested again and part of the increase in the accounts is from investment gains.
3. 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).  Since the HELOC is paid directly from our checking account which we hardly ever use anymore, any extra money in there goes to HELOC principle.  We managed to pay $300 to principle in September.

Goals

Our main goal for next month hasn’t changed: work on building cash and savings up.  We’re committing about $800/month for our Savings & Debt account so it should start to build pretty well.