Friday, January 5, 2018

Net Worth Update - DEC 2017 - $15,757

Below is my December Net Worth Update.  December was a simple month and not much changed, except paying for the medical debt I added to my credit card in November.  I've been following my spending plan and looking for ways to spend wiser.  I hoped to pay off all my debt by the end of December, but Christmas purchases had other thoughts. 

Month:
Nov
Dec
ASSETS


Checking Account
$500
$500
Savings Account 1
$1,000
$1,000
Savings Account 2
$400
$600
TD Ameritrade Account
$1,164
$1,434
Simple IRA
$4,682
$5,116
Land Cruiser
$3,000
$3,000
BMW
$3,000
$3,000
GMC Pickup
$1,500
$1,500
Total Assets
$14,161
$16,150
LIABILITIES


Bank Visa
$1,287
$393
Total Liabilities
$1.287
$393
Net Worth
$13,959
$15,757
Change

$1,798

Checking Account:  This account, for the most part will remain around $500, after everything hits.

Savings Account 1:  This account will remain at $1000

Savings Account 2:  +$200 – Same as November

TD Ameritrade Account:  +$270 – I added to it and realized some growth

Simple IRA:  +$434 – Payroll additions plus Company Match plus growth

Cars:  These values pretty much remain the same (KBB and Craigslist).  They have all but stopped depreciating.  These suckas be old.

Bank Visa:  -$894 – I've been paying this as quick as I can in hopes of having it gone by the close of 2017, but I didn't make it.
 
Overall – I reduced my debt by roughly $894 and added $904 to my assets for a positive change of $1798.  I'm happy with this, and excited for the upcoming changes this month when I bump my savings rate significantly.

How was you December?  How do you think I'm doing?  Do you see, or can you recommend some areas I should concentrate on to see better growth?

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