My net worth increased a wee bit in February, an almost negligible +0.2%. My federal tax refund was deposited, which was a big plus, but I spent a large amount on some plane tickets, which was a big minus. There were a few other odd one-time things, but otherwise my spending was more or less in line, and the stock market continued to be its ugly self.
Assets:
- Cash and Bank Accounts total $35,689
- Condo Equity $86,707
- Retirement $207,128
- E*Trade $15,771
- Treasury Direct & Bonds $4,583
Liabilities:
- Amex $185
- Visa $6,293
Net worth $343,400
Expenses:
- Housing $1,944 (this is just my maintenance charge and a prepayment of principal made in error so it's really going more towards home equity rather than being a true expense)
- Business expense $414 (will be reimbursed)
- Charity $230
- Clothing -$105 (returned some stuff bought last month)
- Dining $923 (bought Rolaids for the first time in my life. But at least they were the cheaper Duane Reade generic version.)
- Entertainment $23
- Gifts Given $57
- Household $113
- Misc $520 (includes tax prep fee)
- Taxes, Self $2,029
- Subscriptions $61
- Travel $3,942 (includes Metrocard, a family visit, and part of vacation cost)
- Gas & Electric $38
- Telephone $78
Next month will look weird due to two mortgage payments, and hopefully, another tax refund and a bonus... and let's hope the market does a little better too!
6 comments:
Hi, longtime reader but had to ask...why do you carry a balance on both credit cards with so much money in Cash accounts? My priority would be to pay those off rather than save cash.
Hi Adrienne,
I never carry a balance on my credit cards-- they are paid off in full every month, but in the middle of the billing cycle, those charges need to be shown as a liability when calculating my net worth.
Your gas/electric bill is only 38 dollars?! You're so lucky. Mine runs ~200 and it's cold when I'm not home and at night, and I have a programmable thermostat. Count your blessings.
-tasha
Hi Tasha,
THe expense category is called "gas & electric" but I think actually this month it only includes electric, as my gas bill only comes every other month. But in general my utility bills are pretty low, as I also have a programmable thermostat and don't use a lot of electrical appliances.
high dining expense --> rolaids
LOL
you should move to an accrual basis of accounting for tracking net worth -- at least for the monthly expenses like mortgage, utilities, cellphone. that way your updates are comparing apples to apples each month.
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