January 2010 Net Worth

I wanted to use this blog to be as open as possible with our finances and to create a lasting record.  With that in mind, I'll start off by posting our current net worth.

We calculate our net worth as listed below.  We don't include the value of our possessions, we round down to the nearest hundred for assets, and we round up to the nearest hundred for liabilities.

Assets
1. Cash - $21,000
2. Stocks - $11,700
3. Retirement - $31,400
4. Home - $130,000
5. Cars - $17,000

Liabilities
1. Home - $74,400
2. Car - $12,000

Total Net Worth = $124,700

I base the value of our home on two things: comparables selling in our neighborhood and the estimated appraisal by Chase Home Value Estimator.  I will always estimate low.

I base the value of our cars on Kelley Blue Book's Private Party Value of our vehicles in "Good" condition truncated down to the nearest $1000.  For example, if my car is valued at $4600, I'd calculate that as $4000.

How is your net worth coming?  Anything you're trying to change?