Mar 2020 - Net Worth Calculation (-$7,727.51) - +$1,129.92 from Feb
- GMoney
- Mar 2, 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: +8.49%
401K increase: +3.41%
Total Assets: $14,254.08
Liabilities:
Student Loans: $10,397.25
$6,336.43
Credit Card Bill: $0
**Negative Car Equity: $5,247.91
Total Liabilities: $21,981.59
TOTAL NET WORTH: -$7,727.51
TOTAL NET WORTH W/O NEG. CAR EQUITY: -$2,479.60
The increase in Checking/Savings accounts can be contributed to earning a bonus in February, picking up more hours tutoring students, and part of my tax refund. February turned out to be a big month as far as income goes!
I expect March to also be a large income month. I am working two wrestling tournaments which should amount to around 500 extra bucks AND hopefully getting the second part of my tax refund (cha-ching!!!)
After March the extra income may slow down so it will be a grind from April on but hopefully I can knock out the majority of my loan in this first half of the year.
Also, I want to pat myself on the back for not eating out the whole month of February until the last week in which I had two meals. Hopefully, I can make it through March with one or less restaurant meal!
*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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