Friday, February 03, 2006

Net Worth - January 2006

I have updated my net worth as of January 31, 2006 at Networth IQ.

A quick synopsis of our situation--

Assets
Cash - We have our cash split between our checking and savings accounts. We currently have saving accounts with Emigrant Direct and ING.
Stocks - This is the value of my Employee Stock Participation Plan (ESPP). I currently allocate $25 each pay period to this plan.
Retirement - Roth IRAs for myself and my wife plus my 401K make up this balance.
Real Estate - The purchase price for our primary residence plus minimal appreciation. We bought this house in February 2005.
Cars - We own a 1997 Honda Accord and a 2004 Pontiac Aztek. The value noted here is from Kelley Blue Book.
Other - My wife started a small business a couple years ago and this is the initial capital we invested.

Liabilities
Mortgage - This is the outstanding balance on our primary residence.
Student Loans - The debt we incurred to send my wife to graduate school. We consolidated this debt in 2005 at 3.125%.
Credit Cards - In December, we transferred our outstanding Home Equity Line of Credit (HELOC) to a fixed interest credit card. We are now paying 3.99% instead a variable rate that was most recently at 8.125%. In addition, our monthly credit cards bills are included here. We pay these off in full each month.
Car Loan - We are two years into paying a 0% loan on the Aztek.

1 comment:

moneysmartz said...

Congrats on an excellent month. You've been included in the February Bloggers' Net Worth Index at http://www.moneysmartz.com/weblog.