Apr 2020 - Net Worth Calculation (-$3,813.45) => +$3,914.06 or a 50.7% increase

Assets:

The assets I have included include the following categories: Savings/Checking Accounts, Cash, Venmo Account, & Retirement Accounts.

Net Worth Increase: +50.7%

Savings/ Checking Account Increase: +20.82%

401K increase: +1.57%

Total Assets: $16,181.33

Liabilities:

Student Loans: $8,335.99

$6,292.71

Credit Card Bill: $354.01

**Negative Car Equity: $5,012.07

Total Liabilities: $19,994.78

TOTAL NET WORTH: -$3,813.45

TOTAL NET WORTH W/O NEG. CAR EQUITY: $1,198.62

BIG MILESTONE THIS MONTH!! Without my car equity, I have finally broken into a positive net worth!! Now this doesn't "really" count but I'm still happy and proud of this! It doesn't count because my car is still around. March brought in the larger part of my tax refund and a slightly higher than usual tutoring paycheck. This allowed me to pay off a large portion of my loans and keep some cash in the bank.

In spite of recent events, March has been thrown through a loop. I am working from home full time for my 9-5 and my tutoring job has been discontinued until further notice. So, my tutoring income will be absent, BUT my main job is distributing an early advance on our year-end bonus and the country is supposedly providing a stimulus check. This will supply me with additional income to help me stay on track with my finances in April. My expenses were all over the place so my goal not to eat out in March fell through. With the current lock down in place, I will definitely be eating out and driving less.

For now I am going to keep more cash reserves instead of trying to pay off more of my loans. Once COVID-19 has passed, I will use that extra cash to pay off a big chunk of my loans at once. Until then, I will be increase my net worth and paying off my loans a little slower!

*Note: I did not include equity in my primary mortgage in either my assets or liabilities.

**My current car loan is this amount more than my car is currently worth.