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Net Worth Update

May 31st, 2008 at 03:46 pm

Plugged things in and am making small progress.

Keep in mind, my goal is to increase net worth by $25k-$30k this year.

As of 5/31, I am up $4900.

I just got a statement on the kids' 529. Their investments are officially down $500 for the year.

You can argue if there money should be included, but I figure the more we put in there now the less we have to come up with later, so I count it, for now. For the long run I am sure we won't.

Retirement is up about $3300. We have contributed about $3300 this year, so basically I think it is safe to assume our investment return has been 0%, thus far this year.

We have paid $1600 off of our mortgage (just regular payments).

Oh, and cash is up $500. Our mid-term fund is doing well, but our short-term fund is in the red, for now. It fluctuates much, but makes our cash savings look pitiful for the moment.

I can pretty much break it down to:

$3300 Retirement Contributions
$1600 Mortgage Payments
$ 500 Cash Increase
$(500)Loss on 529s
------
$4900
------

With the market the way it is, our goal will be very hard to meet this year. (Which just means we need to make up for it in good stock years...)








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