Net Worth May 2011

The market was really crappy this month. My 457 actually decreased $30 despite my contributions. I think that's the first time that's ever happened to me. Oh well. I guess I have more shares or something.

But at least my student loans also continue to decrease. And my DH's new job definitely increased our prospective networth so all in all it was an okay month.

My new net worth is -$103,579! Have I mentioned I CAN'T WAIT until I'm not in the negative six figures anymore? It's so close I can taste it! I'm not even the poorest person on Networth IQ in my age bracket anymore. There are 17 people poorer than me! NB: Most of them are also lawyers.

Here are the stats:

Cash: Not tracking as all our cash is joint right now.

Retirement: My 457 account balance stands at $9,861. I have approximately $5859 in my pension (refundable until vested). And finally I have approximately $1000 in my Roth I.R.A. but the statement only comes quarterly so who knows if that's gone up. This makes for a grand total of $16,720 saved for retirement.

Student Loans: These are at the LOWEST THEY'VE EVER BEEN at a whopping $119,009!

Credit Card: All of our debts are joint debts now so this number is misleading but they will all be paid off within 4-5 months now that we are working together.

Net Worth April 2011

My net worth is rising slowly but surely month to month. As of today, I am worth negative $104,529! This means I will hit negative five figures in 2011 if all goes well. :-)

Now that I've combined accounts with DH I could technically count all of his assets and liabilities too but for now I'm going to just track mine. It wouldn't put me in the black to do so, however, as his networth is around negative $15,000 (still much better than mine!).




Here are the details:

Cash: This category is pretty useless now that my cash is combined with DH's. If I ever acquire some of my "own" cash from saving my fun money, here is where I will track it I guess.

Retirement: My 457 account balance stands at $9,892. I have approximately $5659 in my pension (refundable until vested). And finally I have contributed $1000 in my Roth I.R.A. and for some reason that makes sense when my financial advisor explains it, it's only in a Money Market account now. This makes for a grand total of $16,551 saved for retirement.

Student Loans: These are at the LOWEST THEY'VE EVER BEEN at a whopping $119,790!

Credit Card: All of our debts are joint debts now so this number is misleading but they will all be paid off within 4-5 months now that we are working together and DH got a new job!

Net Worth March 2011

March is gone and I'm $1100 richer (less poor?). My current networth is -$106,073.

Here's the breakdown:

Cash: I'm keeping this the same because all of the cash I have right now is earmarked for debt payoff.

Retirement: My 457 account balance stands at $9,551. I have approximately $5459 in my pension (refundable until vested). And finally I have contributed $1000 in my Roth I.R.A. and for some reason that makes sense when my financial advisor explains it, it's only in a Money Market account now. This makes for a grand total of $16,010 saved for retirement.

Student Loans: These are at the LOWEST THEY'VE EVER BEEN at a whopping $120,793!

Credit Card: Not much progress yet as we're scrambling to pay off joint debts first.

My husband and I talked about our debt payoff progress some this week and we've decided to join accounts. I know this is definitely the right move but I'm still a little nervous to see how it's going to work out. We're a team now so we should act as one financially. I will probably continue to post "my" networth on the blog though just because I like to track it.

Net Worth February 2011

I can't believe it's finally March! And I'm $1200 richer than I was in February. That feels good. My net worth is -$107,237.





Cash: This has stayed the same. I have more cash waiting to clear my account but then I'm sending it on to our joint account to pay off debt.


Retirement: My 457 account balance stands at $9,213. I have approximately $5258 in my pension (refundable until vested). And finally I have contributed $1000 in my Roth I.R.A. and for some reason that makes sense when my financial advisor explains it, it's only in a Money Market account now. This makes for a grand total of $15,471 saved for retirement.

Student Loans: These are at the LOWEST THEY'VE EVER BEEN at a whopping $121,418.

Credit Card: Not much progress yet as we're scrambling to pay off joint debts first.

Net Worth January 2011

January was a pretty good month. I increased my net worth by over a grand, woo hoo. My current net worth is -$$108,441.

Cash: This has stayed the same. I do have some cash sitting in my bank account I need to send to the credit card but I'm waiting until payday.

Retirement: My 457 account balance stands at $8,920. I have approximately $5147 in my pension (refundable until vested). And finally I have contributed $1000 in my Roth I.R.A. and I am waiting to see my first statement. This makes for a grand total of $15,067 saved for retirement.

Student Loans: These are at the LOWEST THEY'VE EVER BEEN at a whopping $122,218.97.
Credit Card: The extra paycheck pay off plan will soon be in effect.

Net Worth December 2010

Another month, another Networth I.Q. statement. As of this month, I am worth approximately:

-$109,493

This represents an increase of $1,761 from last month, which is pretty awesome considering that's way more than half of my net monthly salary. I like seeing it go up, even if I'm still in the negative six figures.

Cash: This has stayed the same. My husband is the one who manages the cash savings so this category won't be going anywhere for a while.

Retirement: My 457 account balance stands at $8,770.42. I have approximately $5037 in my pension (refundable until vested), including about $90 that I paid towards buying back old time. And finally I have contributed $1000 in my Roth I.R.A. and I am waiting to see my first statement. This makes for a grand total of $14,807 saved for retirement.

Student Loans: These are at the LOWEST THEY'VE EVER BEEN at a whopping $123,010.35.

Credit Card: December brought some unexpected expenses so this hasn't gone anywhere unfortunately.

I haven't been tracking my net worth all year so I can't really do a year end report but I'm satisfied with the way I'm ending this year and looking forward to a great 2011.

Net Worth November 2010

Now that November has come to an end, I am happy to announce I am worth $1228 more this month according to Networth IQ. That's pretty excellent, even though it only represents an increase of 1.09% from my October 2010 report.

My net worth is -$111,254!

Here's the breakdown details:

Cash: This has stayed the same. My husband is the one who manages the cash savings so this category won't be going anywhere for a while.

Retirement: My 457 account balance stands at $8164, which is lower than last month oddly enough, though the account isn't showing any losses for this period. Strange. Maybe I wrote down the wrong number last month. I have approximately $4835 in my pension (refundable until vested). And finally I have $1000 in my Roth I.R.A., or at least I hope I do since I sent in $500 more last month but I am waiting to see my first statement. This makes for a grand total of $13,899 saved for retirement.

Student Loans: These are at the LOWEST THEY'VE EVER BEEN at a whopping $123,863.

Credit Card: Still waiting to pay this off. It will happen soon.

So bring on December!

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.