December 2020 - Net Worth Calculation ($17,787.46) => +19.71% from November

Assets:

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

Net Worth Increase: +2,584.16

401K increase: +16.36%

Total Assets: $27,087.64

Liabilities:

Student Loans: $5,750.61

Credit Card: $379.53

**Negative Car Equity: $3,170.04

Total Liabilities: $9,300.18

TOTAL NET WORTH: $17,787.46

November came and went in the blink of an eye. On the positive side, I stayed within my budget this month! I was part of a bachelor party and wedding in November so I was a little unsure how much those would affect my spending, but it worked out fine. My liabilities stayed about the same because I had yet to pay off my current credit card bill, but my 401K rebounded since the last month and crossed the 5 figure mark! This allowed my overall net worth to grow a fair amount.

From a financial standpoint, December is looking promising. I will get 3 paychecks this month along with my yearly bonus. Despite an increase in anticipated spending due to Christmas, the net worth should see a large increase. I also hit another milestone with my first paycheck this month which was to cross the 5 figure mark in my checking account! This gets me excited because I am that much closer to buying my first rental property!!

*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.