Net Worth 4/2014

I realize I’m 10 days late on this, as the unspoken PF blog rule is to post your net worth updates on the first of each month. But hey – gotta start somewhere, right?

I’ve been debating what to include in our net worth. Do we list our home value estimate and what we owe on our mortgage? Do we list our retirement accounts? What about the savings account tied to Boomerang Guy’s business?

For now, because the goal of this blog is to document our student loan payoff journey, I’m sticking with our personal liquid assets and non-mortgage debt. So basically, I’m just telling you what’s in our checking account each month and where our loans sit. Transparent…yes. But hey! If you can’t trust the world wide web, who can you trust? I started tracking our loans in November 2012, so to give you some background of our last eighteen months, I’m including the first month I documented and the numbers as of April 1, 2014.

Any questions? Any feedback? Put it in the comments and I’ll address it in a future post!

 

ASSETS 1-Nov-12 1-Apr-14
Checking $2,832.88 500
Savings $804.57 1000
     
Total assets $3,637.45 $1,500.00
     
DEBTS 11/1/2012 4/1/2014
     
Car loan -$9,377.87 0
CC#1 -$721.02 0
CC#2 -$179.04 0
CC#3  0 -$1,200
CC#4 -$519.03 0
Great Lakes 1 -$3,889.00 -$2,039
Firstmark 1 -$3,373.86 -$2,551
Firstmark 2 -$4,538.64 -$3,544
Firstmark 3 -$5,650.64 -$4,452
Great Lakes/ACS -$6,728.30 -$5,626
     
Add rows as needed    
Total debts -$34,977.40 -$19,412.00
     
NET WORTH -$31,339.95 -$17,912.00
     
Starting debt -$60,000.00 -$60,000.00
   
     
Total debt paid off $25,022.60 $40,588.00
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It’s official – Boomerang Kids

Well bloggies, our wordpress name is now accurate. We are officially moved into the rents’ basement.

 

First impressions?

 

Such a great space. Ideal for a studio apartment, really. It’s an L shape, with the carpeted living room area just off the stairs, and then the second half with hardwood floors and our bed snuggled up to the egress window. There’s a full bath (almost completed, ahem, right husband?), and a kitchenette with a sink, mini fridge, and room for a microwave/coffee pot/whatever appliances we can’t live without. Plus, the door down the stairs fully shuts, and locks, and provides plenty of privacy when needed.

 

I am so grateful! It’s a funny situation to be in; a couple in their late twenties, gainfully employed and averaging a higher than median annual income, moving BACK into the parents basement. However, as I spent this last weekend running errands and settling in, and not feeling burdened by the household chores to complete, I was just reminded of how blessed we are to have these people who love us in our lives. Plus, when we receive the renter’s check this week that covers our mortgage payment, I’m going to feel even MORE grateful. 

(I’m going to need you all to remind me of this ecstatic feeling shortly. I mean how long can it be until I want to do away with myself or my MIL?)