Friday, January 2, 2015

Net worth update - beginning of 2015

It's time for a check in on my net worth... here are the current numbers:

Approximate value of our house: $222,975 (+$21,319 since last quarter) (Estimation from Zillow)
Roth IRA: $41,686 (+$1,976 since last quarter)
Simple IRA: $7,526 (+438 since last quarter)
Regular IRA: $6,573 ($2,260 since last quarter)
Lending Club: $221 (same as last quarter)
Savings (including emergency fund): $28,341 (-$14,024 since last quarter)

Total assets: $307,322 (+$11,969 since last quarter)

Mortgage: $165,400 (-$1,630 since last quarter)

Total net worth including our house: $141,922
Difference since last quarter: +$13,599

Calculation of my net worth not including the house:

Roth IRA: $41,686
Simple IRA: $7,526
Regular IRA: $6,573
Lending Club: $221
Savings (including emergency fund): $28,341

Total assets: $84,347

Mortgage: $165,400

Total net worth not including the house: -$81,053
Difference of -$7,720 since last quarter

Our savings have dropped a bit due to getting our house re-sided. I thought we overpaid:( It's disappointing to work and save for so long and then spend it so easily. Sadly my husband want to buy a brand new truck. He bought a brand new Ford Ranger in 2001 and I think he said he paid $14,000. To buy a comparable brand new 4 wheel drive truck now (they no longer make the Ranger), it would cost about $40,000 after tax and fees. Wow!  Has inflation really been that bad?

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