Hi everyone! I feel like I’ve been so MIA around here lately. I keep using the same excuse, but it’s true – life is so busy right now! Hopefully I can get back to you all with a more consistent schedule soon, but in the meantime, here’s my latest net worth update!
Net worth as of March 31, 2014: $116,926
Overall, my net worth increased by $1,368 this month! 🙂
After last month’s ugly update, seeing an increase this month is such a relief! Although, I would have loved to see greens across the board. What can I say – I’m a perfectionist!
Cash: $2,502 [MTM ($548)]
This account fluctuates every month, nothing too crazy to note this time around.
Savings: $548 [MTM $504]
Since I dipped pretty deep into my emergency fund last month, these next months will be dedicated to replenishing that account ASAP! $1,000 is my goal for the moment. Also, this category includes my travel fund, which I will be tapping into very soon for my trip to Las Vegas this weekend!
401(k): $8,483 [MTM ($163)]
This is my 401(k) from my previous employer. Since I no longer work there, I have stopped contributing. Currently, the funds are pending to rollover into a Traditional IRA.
Why am I rolling over my 401(k) funds into a Traditional IRA and not a Roth IRA, you ask? Since the money in my 401(k) is pre-tax, I decided to roll it over into another pre-tax vehicle, hence the Traditional over the Roth. If I had rolled it over into a Roth, I would have had to pay taxes on it right now. I didn’t feel like calculating which choice was better for me, so I just decided to keep the money pre-tax. You could argue that I should have taken the time to calculate each and every option I had available but…
Roth IRA: $12,572 [MTM $519]
Although I have stopped contributing to a 401(k) for the moment (I am not eligible to open one at my current job until I’ve been there for 90 days), my post-tax contributions to my Roth IRA remain steady. Rock steady, might I add 😉 Ah, I bet Future Lisa is just beaming with pride. Or maybe she’s cursing me for not rolling my 401(k) money into a Roth IRA, haha.
Credit Cards: $2,502 [MTM ($216)]
Yes, this credit card debt is ANNOYING. It just never seems to die! But alas, I will not throw ALL my money at this just yet until I get my emergency fund back in place. I recently made the decision to pay off my cc debt over my emergency fund and almost immediately regretted it. I am definitely going to learn from that!
Student Loans: $15,963 [MTM ($58)]
A small change is a change nonetheless. Unfortunately, paying this off at lightning speed is just going to have to go on the back burner until my credit card debt is gone. Again. *sigh*
Car Loan: $19,812 [MTM ($321)]
YES – I finally broke the $20k mark on this loan! Hey, it’s the little victories that count, alright! The next milestone for this bad boy would be to no longer be underwater on the loan. I guess that’s what I get for buying brand new *facepalm*
Mortgage: $277,311 [MTM ($461)]
This will most likely by the last debt I pay off, so slow and steady is the way to go for now. Once all the other debt are gone, then maybe I’ll think about paying it off early. Maybe.
Well, there you have it – another positive jump in net worth for the books! Months like these really keep me going.
How did you do this March?