Wednesday, November 3, 2010

Net Worth October 2010

I haven't tracked my net worth on the blog in forever but last month I was inspired to log into Networth IQ and plug some numbers in. I thought there was still a little widget in my sidebar to show you my networth but it turns out there isn't. I will look into that, but in the meantime....



My net worth is -$112,482!




Which, okay, may sound pretty crappy (in fact I appear to have the second lowest networth in all of Networth IQ for my salary range), but it just so happens to be $22,673 more than it was when I made my first real accounting in May 2008.

I decided instead of just focusing on the negative with my student loan roundups, I should show my whole networth each month on the blog just like my richer contemporaries do.

Here it is, in detail:

Cash: I probably shouldn't enter a number in this category but I just seem to use the amount I have sitting around in my bank account, so ignore this. My cash savings is in our joint bank accounts so it's not included.

Retirement: Some of this calculation involved guesswork as my pension system doesn't seem to want to allow me to log into their website but taking 3% of my salary over the past 3.5 years, I have approximately $4725 in my pension (refundable until vested at 5 years). I also have $8,233 in my 457 retirement account and a whopping $500 in my newly opened Roth I.R.A. This makes for a grand total of $13, 458. Hopefully I will be able to buy back my $600 in pension time sometime this millenia, setting my five year vesting date at September 2011.

Student Loans: These are at THE LOWEST THEY HAVE EVER BEEN (I'm gonna have to start using that) at $124,650.
Credit Card: Boo. I am waiting to knock out some of my recent overspending with my extra paycheck coming up soon.
There it is. I look forward to seeing it go up next month.

4 comments:

ND Chic'c Cents said...

You are heading in the right direction. That's a positive!

FB @ FabulouslyBroke.com said...

You can only go up from here.

Seriously.. it's a daunting climb, but I think it's totally doable and if you keep up on the net worth thing, you will feel even more motivated to get 'er done up to where it's pitch black.

ella said...

thanks so much for updating regularly - reading your posts helps keep me motivated!

Sallie's Niece said...

Thanks all. I'm excited to see it go up too!