July 2014 Net Worth Update

July had its fair share of ups and downs. Let’s get right to it…

July 2014

Net Worth as of July 31, 2014: $211,675

Overall, my net worth increased by $88,538 this month!

A terrific increase in net worth this past month, the largest increase by far, but I’m still disappointed with myself. Let’s head into the breakdown to see why.

Cash: $1,374 [MTM ($1,151)]

Every month, I say this category always fluctuates. This month is no exception. Unfortunately, it didn’t fluctuate in my favor this time around. A huge chunk of this decrease was due to the travelling I did as well as some travelling I booked for September.

Savings: $1,123 [MTM ($99)]

My emergency fund is still in tact at $1,000. My travel fund decreased by $99, which was completely expected since I just got back from San Diego and used that money as play money. That’s the whole point of having a travel fund in the first place, right? So I wasn’t too sad about this decrease.

401k: $413 [MTM $271]

Slow and steady is the motto for this account. I love that my employer immediately matches my contributions every pay period. My previous employer only matched my contributions once a year.

Traditional IRA: $8,785 [MTM ($113)]

A small loss this month for the Tradish. The markets aren’t performing too well, plus the fact that I am not contributing one penny to this account is the reason for this drop.

Roth IRA: $14,890 [MTM $283]

Yes, this account increased by $283. But considering I contribute about $460 to this account every month, I actually lost money this time around. Darn it, markets! When the market performs well, it’s amazing! When it doesn’t do so hot, it’s not fun at all 🙁

Est. Car Value: $17,821 [MTM $0]

No change this month. I’ve decided to update this quarterly. Next update to this value will be next month in August.

Est. Home Value: [MTM $89,000]

I’ve been looking forward to updating this amount for a few months now! This increase in value almost feels as if I’m cheating, though. In fact, if my home didn’t increase in value, I would be looking at a decrease for the month. It’s not like I did anything to cause this bump in value. I guess this is the good part about being a home owner!

Credit Cards: $2,165 [MTM $586]

After last month’s amazing progress in the category, it hurts to see this balance back up over the $2,000 mark. I paid about $1,500 towards my credit card debt this month, but I still ended up with an increase in balance.

Part of it is due to the fact that I put our Air Bnb on my card for our latest trip to SD. But most of my friends paid me back (except for one – if you’re reading this, I’ll be bugging you soon enough)! I guess another reason is due to the fact that I finally booked my flight to New Orleans in September for FinCon. Even though I got a pretty good deal, it is not cheap to fly to NOLA from SFO.

Still, these travel expenses may be hefty, but it simply doesn’t add up. I’m so frustrated at my backwards progress this month that I’m vowing to track all of my expenses for the month of August. As a pf blogger, I know this seems odd that I’m just now going to start tracking my expenses. I’ve been avoiding doing so simply because I’m scared of the findings.

But now – this credit card debt war that is currently underway depends on me being meticulous about what I’m doing with my money. So for August, I’ll be tracking my expenses so that in September I can review, adjust, and hopefully get back on the right track.

Student Loans: $15,654 [MTM ($125)]

I was tired of seeing little $50 decreases each month, so I finally decided to throw just a little more at these loans. A three-digit difference really makes me feel better than a two-digit decrease ever did!

Car Loan: $18,500 [MTM ($331)]

Nothing new here. Slow and steady progress for now until my credit card debt is gone for good!

Mortgage: $275,413 [MTM ($477)]

Same as my car loan – nothing new! I’ll be paying the absolute minimum each month until my situation changes.

This month was my greatest net worth increase yet! But my progress (or lack there of) with my credit card debt is completely overshadowing this feat. I’m trying to focus on the positive, and hopefully my credit card debt progress will be much better this month!

How did your July go? Did your credit card debt yo-yo like mine does?



  1. age August 22, 2014

    you’re awesome! help me budget and save money!

    • Lisa E. August 22, 2014

      Thanks Age! I’ll gladly help, hit me up 🙂

  2. Ben @ The Wealth Gospel August 15, 2014

    That’s an awesome increase on the home value! Makes me wonder why the heck I’m still in an apartment lol
    Ben @ The Wealth Gospel recently posted…How I Earned $13,000 My First Year BloggingMy Profile

    • Lisa E. August 16, 2014

      Thanks Ben! Being a homeowner isn’t for everyone. Heck – I’m not even sure if it’s for me!

  3. No Nonsense Landlord August 9, 2014

    Great job. Do not relay on the home value to always be there. Interest rates go up, housing prices go down. Unless wages go up, home values cannot keep going up.

    I wish they could, as I would be sitting on a gold mine.
    No Nonsense Landlord recently posted…Rental Cash Flow and August Rent CollectionsMy Profile

    • Lisa E. August 9, 2014

      Thanks for the advice! I know home values change with the wind, but it’s nice to see it change in my favor 🙂

  4. Good job on paying a three-digit difference on your student loan Lisa! You’re still on the right track!
    Marie @ Financial Debauchery recently posted…The BIG Advantages of a Solo 401k Retirement Plan for the Self-EmployedMy Profile

    • Lisa E. August 9, 2014

      Thanks Marie! Can’t wait until those loans are gone for good!

  5. Brian @ Luke1428 August 8, 2014

    Yes…continue to focus on the positive Lisa. These things take time to get the momentum really going. You’ll get there! 🙂
    Brian @ Luke1428 recently posted…All Work and No Play: Combating the Dangers of WorkaholismMy Profile

    • Lisa E. August 9, 2014

      Thanks Brian!

  6. Taylor August 8, 2014

    Sweeeeeet increase in net worth!!!! My credit card was hit with a bomb called vet bills. Eeekk.

    • Lisa E. August 9, 2014

      Yuck – vet bills are no fun! 🙁

  7. Michelle August 6, 2014

    An increase in Californian home values-NICE! Loving the net worth increase.
    Michelle recently posted…The Alchemy of The Side HustleMy Profile

    • Lisa E. August 9, 2014

      Thanks Michelle!

  8. anna August 6, 2014

    Great jump for July, Lisa! I definitely believe it with the home value if it’s anything like the SD market. Hope August is an even better month for you! 🙂
    anna recently posted…Pregnancy Notes: The Good, The Bad, and The FunnyMy Profile

    • Lisa E. August 9, 2014

      Thanks Anna! I hope you’re doing well!

  9. save. spend. splurge. August 6, 2014

    That is a SERIOUS jump. Good on you!
    save. spend. splurge. recently posted…I did it. I GOT A CONTRACT.My Profile

    • Lisa E. August 9, 2014

      My biggest jump yet – thanks!

  10. Hooray on that net worth increase! You are not alone, we will pay it all off in time…in time…
    Thea @ Monster Piggy Bank recently posted…6 Tips for reading through contracts and the fine printMy Profile

    • Lisa E. August 9, 2014

      Thanks Thea! Yes, in time – and I can’t wait until that time is actually here!

  11. E.M. August 3, 2014

    Good luck with tracking your expenses! I know it may seem scary to face the numbers, but it will be for the best in the end. I’m sure it’ll get you on the right track. Paying $1,500 toward your credit card debt alone is still great, though!
    E.M. recently posted…Being Grateful: Thirty-Seventh EditionMy Profile

    • Lisa E. August 9, 2014

      Thanks EM – I’m going to need it! I’m not even halfway through the month and I already know I’m missing some numbers… This might have to be an early fail :/

  12. Well July income wise was a bust for me, but didn’t do TOO horribly with spending. I think when I was younger I did that yo-yo credit card thing, but I don’t use credit cards anymore unless I have the cash to pay for it, meaning I only use them for rewards, then pay down the balance right away. Have you thought about not using your card at all and only going with cash you saved?
    Tonya@Budget and the Beach recently posted…July Was a BustMy Profile

    • Lisa E. August 9, 2014

      Hmm… I have thought about just not using my card at all… But there are some expenses that auto-reload using my credit card because it’s so much easier that way (mostly my commute expenses). I’m thinking of maybe only using my credit card for just commute related expenses – gas, toll, and parking. That should help with this terrible yo-yo routine… Thanks Tonya!

  13. Athena August 2, 2014

    Woohoo on that net worth increase! My credit card debt fluctuates as well. I just have VS and Kohls card but those go up and down overtime. You’ll have it paid off sooner than later, don’t worry!

    • Lisa E. August 9, 2014

      I have a Kohl’s card, too! Haha. Can’t wait until they’re gone for good…

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