June 2017 Net Worth Update

by Andy Hough on June 5, 2017

penniesIn order to keep track of my financial progress or lack of progress I have decided to calculate my net worth a few times a year.

My net worth as of 06/5/2017 is as follows.

Assets
Cash – $9363
IRA – $26,543
Roth IRA – $1632
Solo 401k – $1101
Car/Stuff – $3600

Liabilities
Student Loan – $114,362
Credit Card – $7775

Net Worth = $-79,898

My net worth declined a little over $800  last month. This wasn’t unexpected since I had very little income in May. Most of the month’s decline was from depleting my cash balance to pay bills. Considering I had a three-week European vacation and almost no income in May, my net worth decreasing by only $800 is pretty good. I’ll be returning to work this month. I’m not sure when my payday will be. If I get a paycheck before the end of the month I should increase my net worth this month. If not I will have another decrease in my net worth.

I’ve been using Personal Capital (affiliate link) to help track my net worth. It keeps track of all of my financial accounts and my student loan making it pretty easy to calculate my net worth each month. It is free to sign up. If you would like to sign up I’d appreciate you using my link. All blog income, including affiliate income, goes to paying down my student loan.

Personal Capital

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