Assets:
Approximate value of our house: $201,152* (+$23,330 since last quarter)
Roth IRA: $28,704 (+$640 since last quarter)
Simple IRA: $5,637 (+141 since last quarter)
Regular IRA: $2,656 (+$1,071 since last quarter)
Lending Club: $211 (+$2 since last quarter)
Savings (including emergency fund): $28,531 (+$4,987 since last quarter)
*Estimation from Zillow
Total assets: $266,891 (+$30,171 since last quarter)
Liabilities:
Mortgage: $174,909 (-$1,524 since last quarter)
Total net worth including our house: $91,982
Difference since last quarter: $31,695
I have been debating whether or not to include the value of our house in these estimates, and while I am very happy to see our house supposedly increased in value by over $23,000 in just three short months, I just don't know if I can believe that. I'm thinking I may just need to start doing these updates without the house value to get a more accurate measurement of my net worth. I don't include other non-cash assets like our cars or TVs so I probably shouldn't include the house either... But the one difference is those things are paid off and we are in debt with the house, so if I don't include the value of the house, does that mean I also should not include our mortgage liability? I feel like if I don't include what we owe on the mortgage then that also is not a good representation of what my net worth is either. Maybe there is a part of me that doesn't like the see a negative net worth if I were to ignore the house value, but include the mortgage on this net worth update. I also have been leaving off my husband's 401(k) (which I think has close to $80K in it), so I guess technically that is not giving me a very accurate reading as well.
So here are the numbers ignoring the house. I think I'm going to look at that ugly negative net worth value and that will be motivation to try to get it to a positive number!
Assets:
Roth IRA: $28,704
Simple IRA: $5,637
Regular IRA: $2,656
Lending Club: $211
Savings (including emergency fund): $28,531
Total assets: $65,739
Liabilities:
Mortgage: $174,909
Total net worth not including the house: -$109,170
Tuesday, July 2, 2013
Monday, June 24, 2013
Extra cash challenge - May results
Ooops, this is really late because I thought I had posted it already, but I just realized it was still in draft mode today!
Here are my numbers for the extra cash challenge for May:
Advertising: $251.74
Amazon: $9.24
ING/Capital One 360: $14.27
Lending Club: $1.15
Part-time job: 25.97
Total: $302.37
Difference from last month: - $2.09
It looks like another good and consistent month! I am not going to be working the whole month of June, so I'm hoping to be able to bring these numbers up even more! I still have a lot of unsold stuff from my aunt that I have already listed on Ebay a few times. I got permission to lower the prices a bit, so I'll give it one last shot to get the left over stuff sold. I've been listing these items on and off since the beginning of the year without much luck. I think we agreed on 20% commission for me to list these. If I can't get anything else to sell, I will have made about $50 total since I first started listing her stuff. It probably wasn't worth my time with all the times I listed them and made multiple trips to the post office. So, I'll re-list the unsold junk a few more times this month and then I'll post my final profits on next month's extra cash challenge.
Here are my numbers for the extra cash challenge for May:
Advertising: $251.74
Amazon: $9.24
ING/Capital One 360: $14.27
Lending Club: $1.15
Part-time job: 25.97
Total: $302.37
Difference from last month: - $2.09
It looks like another good and consistent month! I am not going to be working the whole month of June, so I'm hoping to be able to bring these numbers up even more! I still have a lot of unsold stuff from my aunt that I have already listed on Ebay a few times. I got permission to lower the prices a bit, so I'll give it one last shot to get the left over stuff sold. I've been listing these items on and off since the beginning of the year without much luck. I think we agreed on 20% commission for me to list these. If I can't get anything else to sell, I will have made about $50 total since I first started listing her stuff. It probably wasn't worth my time with all the times I listed them and made multiple trips to the post office. So, I'll re-list the unsold junk a few more times this month and then I'll post my final profits on next month's extra cash challenge.
Sunday, May 12, 2013
Extra cash challenge - April results
Each month I total up any money I have made outside of my regular job. In this day and age it's good to have multiple streams of income. Here are April's results:
Advertising: $244.92
Amazon: $26.92
ING/Capital One 360: $14.10
Lending Club: $1.19
Part-time job: $17.33
Total: $304.46
Difference from last month: +$102.08
I'm pretty happy with my results this past month. Who couldn't use an extra $300? Of course most of this is pre-tax money, so it's probably closer to $200.
After next Friday any "extra" cash will be my only income. I am a temporary worker and they have this weird agreement in their contracts that once a temp worker works three years at the same position, they have to take a mandatory 60 day unpaid leave of absence. Stupid rules. However, they have said I could apply for unemployment, so I will probably do that so I at least get some money coming in during that time. I am looking forward to some time away from the grind though. Hopefully I can motivate myself to try to come up with some ways to make some money while I wait out the 2 months.
Advertising: $244.92
Amazon: $26.92
ING/Capital One 360: $14.10
Lending Club: $1.19
Part-time job: $17.33
Total: $304.46
Difference from last month: +$102.08
I'm pretty happy with my results this past month. Who couldn't use an extra $300? Of course most of this is pre-tax money, so it's probably closer to $200.
After next Friday any "extra" cash will be my only income. I am a temporary worker and they have this weird agreement in their contracts that once a temp worker works three years at the same position, they have to take a mandatory 60 day unpaid leave of absence. Stupid rules. However, they have said I could apply for unemployment, so I will probably do that so I at least get some money coming in during that time. I am looking forward to some time away from the grind though. Hopefully I can motivate myself to try to come up with some ways to make some money while I wait out the 2 months.
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