June 2020 - Net Worth Calculation (-$54.81) => +95.92% from May
- GMoney
- Jun 2, 2020
- 1 min read
Assets:
The assets I have included include the following categories: Savings/Checking Accounts, Cash, Venmo Account, & Retirement Accounts.
Net Worth Increase: +1,287.60
401K increase: +15.59%
Total Assets: $18,938.88
Liabilities:
Student Loans: $8,211.92
$6,146.61
Credit Card Bill: $71.52
**Negative Car Equity: $4,563.64
Total Liabilities: $18,993.69
TOTAL NET WORTH: -$54.81
TOTAL NET WORTH W/O NEG. CAR EQUITY: $4,508.83
EVEN CLOSER TO THE POSITIVE NET WORTH! I'm disappointed that I was $50 and some change off of finally being positive net worth. I suppose this means that the next month I will certainly be in the black! This month I'm going to pay off $6000 of my student loans. Then, by the end of July or maybe the beginning of August, I'm going to pay off the remainder of my high interest loans.
Nothing exciting happened in May. I wasn't able to do a lot so the grocery, gas, and utility bills were fairly low. 401K continues to steadily grow and will hopefully do so in the months to come.
*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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