I’m getting back on track with my net worth tracking. With the purchase of a house and several month’s waiting, I am just going to put the current balances out there without comparison to month’s before. I am also going to omit a few tedious things like capital gains tracking for the IRA & credit card cash back.
Lil’ Sizzlers Portfolio:
0.00 – No longer exists!
2,639+100 = 2,739
Roth IRA Basis:
My Contribution Basis: 2,289
Company Match: 2,289
“Liquid” Assets (cash, stock and retirement):
Paid on loan: 278.16 (161.38 Principal / 116.78 Interest)
+1,650 – WOOT!!!
Zillow Estimate: 173,000
Acting Appraisal: 166,500
Loan Balance: 149,845
April Payment: 254 P / 485 I / 311 E = 1,050
Monthly Income: 2,502
Monthly Assets Change: N/A
Monthly Liabilities Change: N/A
Monthly Net Worth Change: N/A
Monthly Savings Rate (IRA/401k+Match/Cash/StudenLoan): N/A
Credit Score Update:
Credit Karma scores: 764 TU / 758 Equifax
FICO score: 758
What a change! I am finally a “homeborrower”, and proud of it! The past few months were a ride, see below’s post for more details. I am pretty much where I left off back in December, which is good considering I added a house to my inventory, and paid 3 months extra rent and utilities for the rental. Girlfriend definitely helped with that by contributing around $1,000 of her tax return.
Also, WOO-HOO on finally hitting positive net worth! Of course, if you consider the mortgage, it’ll be another 15 years before that would happen. However, it’s neither here nor there & I decided to keep it seperate. Added quite a bit to the personal assets category with the new home purchase, including a large TV, used riding lawn mower, tools, fancy TV stand and other home items.
Going forward, I will leave the mortgage seperate from the net worth details. I’ll provide a monthly breakdown of it at the bottom of each list to track the steady progress. I am happy to see that with the interest rate I got and down payment, we are able to make an immediate dent in the principal amount of the loan.