Monday, May 3, 2010

April 2010 Net Worth

For anyone new to BFS, I post a net worth update at the beginning of every month in order to keep myself motivated and to involve BFS readers.  Please feel free to ask questions, make suggestions, or even post your net worths too.  I am a particpant-motivated blogger, so please jump on in.

I calculate our net worth as listed below.  I don't include the value of our possessions, I round down to the nearest hundred for assets, and I round up to the nearest hundred for liabilities.  I also don't include my husband's pension account since I'm too lazy to keep up with it and it shouldn't actually matter until he retires.

1. Cash - $25,500 (we paid for grad school's 1st summer session...yuck)
2. Stocks - $12,300 ($100 loss...icky)
3. Retirement - $36,000
4. Home - $130,000
5. Cars - $16,000

1. Home - $72,700
2. Car - $9,900  (We made an extra $500 principal payment in mid-April, yay!)

Total Net Worth = $137,200
Increase/Decrease = Up $3800 from last month

That's way better than I was expecting due to grad school.  We've been living on less lately since we've been staying in a lot.  Hubby's been working on grad school and I'm a paid blogging woman now.  Those two link ads on the right brought in $387.80 after Paypal took its cut.  Please feel free to ignore the ads, but I'm so happy.  :-)

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.

Please feel free to visit the archive to see our past net worths.


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  2. Yay on having some nice earnings from the ads. And you thought I was joking about this being your raise.

    Still making upward progress with my net worth as well. Right now at $17,780, up from $16,684 last month.

  3. Hey, that's great that you are up 3800 in just one month. I am afraid to look at my home value monthly. It just gets worse and worse where I live.

    You are making great progress with your savings and your blog. I could learn a lot from you!

  4. Very impressive. I don't really count my house in since I'm not going anywhere for a while.

  5. BFS, Great job on the net worth increase! Don't fret too much on the grad school fees as that is an investment for the future :)

    Frugal Scholar - I used to not count my house in, either, but I ended up doing it because my husband would always be asking how much our house was worth now on the home estimators so I figured I might as well put it in.

  6. Congratulations, always good to see the networth going up.