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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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