August 2020 - Net Worth Calculation ($11,102.97) => +75.98% from July

Assets:

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

Net Worth Increase: +4,793.86

401K increase: +13.22%

Total Assets: $21,402.14

Liabilities:

Student Loans: $6,014.61

Credit Card: $182.19

**Negative Car Equity: $4,102.37

Total Liabilities: $10,299.17

TOTAL NET WORTH: $11,102.97

TOTAL NET WORTH W/O NEG. CAR EQUITY: $15,205.34

As expected, net worth jumped a significant amount this month due to the several financial factors going into play. Those factors were no mortgage payment, 3 paychecks, a bonus and a slight increase in pay.

Overall, it was a good month. My budget was on track. I was able to get away for one weekend with the family (which is good family time and minimal spending). August may prove to be slightly more expensive than the past couple months because I might be purchasing some plane tickets to go to CO. With that in mind, my expenses should be slightly higher, but it is something I have been looking forward to doing! As long as I'm on track for my end of year goals, I will be content.

*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.