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Feb 2020 - Net Worth Calculation (-$8,857.43) - +1735.51 from Jan

  • GMoney
  • Feb 5, 2020
  • 1 min read

Assets:

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

Savings/ Checking Account Increase/ Decrease: -14.5%

401K increase/ Decrease: +27%


Total Assets: $13,456.38


Liabilities:

Student Loans: $10,454.16

$6,377.76

Credit Card Bill: $0

**Negative Car Equity: $5,481.89


Total Liabilities: $24,825.63


TOTAL NET WORTH: -$8,857.43


The decrease in Checking/Savings accounts can be contributed to the decrease in student loans. Trying to put my money to work and get rid of some of that high interest debt!! My 401K had a great month which contributes to the large increase from January. I also made some changes to my portfolio in which I changed all my contributions to low-cost index funds.


*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.

 
 
 

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