June was a fabulous month for me and my net worth! Without further ado, here is my June 2014 Net Worth Update!
Net Worth as of June 30, 2014: $123,137
Overall, my net worth increased by $3,591 this month!!!
Let’s head straight to the break down:
Cash: $2,525 [MTM $132]
As I’ve said before, this category fluctuates every single month. I love it when it fluctuates in my favor!
Savings: $1,222 [MTM $201]
Now that my emergency fund is at $1,000.00, I’m shifting my savings goal for the moment to my travel goals for the year! I’m going to San Diego at the end of this month, FinCon in September, and hopefully SoCal in December! I’ve got a lot to save for!
401k: $142 [MTM $142]
This is a new line item this month! I’ve been at my current job for almost 5 months now. Up until now, I couldn’t sign up for a 401k because of the initial probationary period at the start of my employment. Now that that’s over with, I’m now contributing to a 401k! My match is the same as my match at my old employer – my company will match 100% of my contributions up to 3% of my salary. Free money, baby! Another great thing is that the match is put in every single paycheck instead of once a year, which was how my last job did it.
Traditional IRA: $8,898 [MTM $156]
Not bad for an account that I’m not actively contributing to! These are all market gainz, baby
Roth IRA: $14,608 [MTM $693]
Every month, I contribute about $460 to my Roth IRA. Which means that the rest of this month’s increase, which is $233, is all from market gainz! My favorite kind of gains
Est. Car Value $17,821 [MTM $0]
I just updated the value last month, so no change this month. Next time I’ll record an update will be for August.
Est. Home Value $390,000 [MTM $0]
Zero change this month for the house value. Since I bought my house in July 2012, I’ll be updating this value next month!
Credit Cards: $1,579 [MTM ($1,407)]
I’ve chronicled my terrible relationship with credit cards in my three part series: Tired of Credit Card Debt – A Bad Love Story (here are parts one, two, and three). In the final part of the series, I declared war with my credit card debt for the millionth time, and I meant it! I paid off a huge chunk of my CC debt this past month. I’ve been working a ton of overtime lately, and all of it has been going straight to my cc debt payoff! I absolutely can’t wait until this debt is gone for good!
Student Loans: $15,780 [MTM ($59)]
Very, very, very slow progress with my student loans. But as I’ve said before – progress is progress. I’m currently paying a little over the minimum, but once my credit card debt is gone, I can focus more on these bad boys.
Car Loan: $18,831 [MTM ($326)]
I hate my car payments, but I do love my car. This debt isn’t a priority for me since, luckily, I got a great rate on the loan! This will be the next to go after the student loans.
Mortgage: $275,890 [MTM ($475)]
Again, slow and steady progress with this loan. And again, this is not a priority for me. With that being said, I love seeing the balance decrease on this loan. Who doesn’t?
An amazing June with greens across the board – love it!
How was your June?