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Monthly Net Worth Update – June 2010
Another volatile month sees us end up …. exactly where we started?
Our assets decreased 0.07%
As I look over our asset accounts, it appears that every balance has dropped slightly except for my stock options. My stock options value increased almost 14% and that just about completely balanced out all the other drops. Actually, that’s not exactly true – somehow our retirement accounts managed to increase slightly this month as well.
Our cash accounts have been dropping pretty quickly the last few months as we continue to pay off the large expenses related to our baby’s birth and adjust to living on one salary. Overall, it did decrease again this month but by a much smaller amount that the previous few months. I’m hoping that’s a good sign that we’re starting to get our spending in line with out income.
Our liabilities decreased 0.12%
Our mortgage dropped the standard 0.12% again this month. I mentioned previously that our mortgage payment is by far our largest payment each month (well, it still is). I think we’ll need to do something about this to get our expenses to meet up with our income, but I’m not exactly sure what to do about it at this point as our home value is much less than our mortgage balance.
Our net worth held steady
Well, this is the first month that has happened – our overall net worth basically did not budge from last month’s value. I guess that’s a good thing. Of course, I’d like to see it increasing but after a significant drop last month, I’m just happy it did not head even further south this month.
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The percentages that you have qouted may only seem small amounts but in the long term they will have a much more significant impact. Just think of the interest that you would have been paying on that extra amount of mortgage capital, but paying off a little more it’s reduced the overall balance. In the economic downturn the fact that things have held steady is a testiment to your frugality. Great work
Would have been interesting to read your comments on the current stock market situation. The Dow has had four 400-point swings in a row.