Here is my net worth update as of today...
Approximate value of our house: $187,568 (-$7,584 since last quarter) (Estimation from Zillow)
Roth IRA: $38,388 (+$2860 since last quarter)
Simple IRA: $7,190 (+$616 since last quarter)
Regular IRA: $4,528 (+$321 since last quarter)
Lending Club: $220 (+$2 since last quarter)
Savings (including emergency fund): $48,014 (+$2,928 since last quarter)
Total assets: $285,908 (-$857 since last quarter)
Mortgage: $168,642 (-$1,593 since last quarter)
Total net worth including our house: $117,266
Difference since last quarter: -$736
Calculation of my net worth not including the house:
Roth IRA: $38,388
Simple IRA: $7,190
Regular IRA: $4,528
Lending Club: $220
Savings (including emergency fund): $48,014
Total assets (monetary only): $98,340
Total net worth not including the house: - $70,302
Difference of +$8,320 since last quarter
So another quarter and the "house value" has gone down again. I don't know if I believe that though because Zillow is listing a lot of homes around us at around $220,000, so I'm guessing the true value of our house would be closer to that figure. However, our house needs some repairs. About a week ago we noticed the an area of roof/gutters/soffit etc was coming apart. We tried to fix it ourselves, but it looks like we will have to call in a professional. So sadly it looks like some of our savings will be going bu-bye in the next couple weeks. It's nice to see my savings at almost $50,000, but sadly it won't go very far. Here is a list of some expensive stuff that it'll likely get spent on...
Flooring for our basement
We had carpet in basement but we keep getting water in the basement, so we are hesitant to replace it. However the basement in our house is part of our main living space (it's a "split level"). So depending on what my husband decides to do it'll cost between $3,000 and $9,000 to fix that.
My husband decided to have a major surgery done in the next few months, and our maximum deductible is about $5,000. I know they will require several follow ups and pre-surgery doctor visits and that will add up.
Fixing that roof problem
We probably could just get the whole house re-sided while we're at it with the savings we have now, but the husband wants a truck sooner than later, so we'll probably just get the repair done and maybe replace the soffits and fascia for now. Estimate: $1,000 to $5,000.
Yes new. I disagree, but the husband seems to think getting a brand new one is a good idea. I'm still hoping to find something gently used. Maybe once we start shopping, he'll realize a new one is out of our budget. Estimate: $20,000 to $30,000
Windows and Siding
We have 3 more windows to replace and my husband wants to have the siding replaced. I'm guessing this will cost anywhere from $20,000 to $25,000.