I finally updated my net worth for the first time this year-- not good news, but that's hardly a surprise! I'm at $282,997, a drop of 5.2% year to date. I should probably be expressing this as a range of perhaps $250,000-$282,997, to account for a possible drop in my home equity.
I haven't changed my home value up til for a number of reasons, mainly because I have tried to be conservative in how I valued it all along, and because my research into comparative sales seemed to support it based on price per square foot in my area for properties I'm familiar with-- but so few things are selling lately that there aren't that many data points, and with things the way they are now, I probably wouldn't get that value if I had to sell tomorrow. Fortunately, I don't have to sell tomorrow! I bought my home as a place to live in, not an investment. That doesn't mean I don't care if the value goes down, and in retrospect, of course I wish I'd timed my purchase differently, but it's all somewhat abstract until I have to sell. I'm also still confident that I could rent my place out for more than my carrying costs, so I don't forsee a situation where I'd be forced to sell.
As for my expenses in January and February, here's a few items of note:
- Charity $51 (for a friend who's doing the AIDS ride)
- Clothing $249 (a $19 pair of pants at Muji and some boots at Zappos)
- Dining $1,253 (included stocking up on wine)
- Education $58 (French class tuition and une livre)
- Entertainment $226 (included tennis tickets and seeing August Osage County)
- Gifts Given -$442 (returned some expensive Christmas items that I didn't end up giving)
- Household $318 (includes about $200 for some curtains bought on sale)
- Medical $495 (includes the usual insurance and FSA expenses, plus $200 for adjustments to a nightguard I wear because I sometimes clench my jaw. This wasn't covered by my insurance.)
- Miscellaneous $244 (a haircut and some art supplies)
- Utilities $333 (gas, electric and telephone)
All in all, I haven't been doing too badly when it comes to expenses, so at least I am saving some cash this year. Unfortunately, it can't seem to keep up with the hemorrhaging in my investment accounts! Oh well... onwards and upwards!