May 2020 - Net Worth Calculation (-$1,342.41) => +2,471.04 from Apr-20

Assets:

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

Net Worth Increase: +64.8%

Savings/ Checking Account Increase: +5.09%

401K increase: +25.49%

Total Assets: $17,938.22

Liabilities:

Student Loans: $8,273.10

$6,212.61

Credit Card Bill: $0

**Negative Car Equity: $4,794.92

Total Liabilities: $19,280.63

TOTAL NET WORTH: -$1,342.41

TOTAL NET WORTH W/O NEG. CAR EQUITY: $3,452.51

SO CLOSE TO THE POSITIVE NET WORTH! I can almost taste it. At the rate in which my net worth has been increasing so far this year, I predict I will be in the positive net worth by June. This means that in 5 full months I would have turned my -$10,000 in net worth to positive.

As predicted from last time, the stay-at-home order has caused a decrease in "fun" spending as well as a decrease in food expenses. Coupled with the fact that I received an early bonus from my job and the stimulus check means that I was able to net more than I spent by a good margin. However, I did run into some plumbing issues that cost me almost all of the extra checks I received.... yikes. I would rather it happen now when I just received the money rather than later.

My 401K is still doing well, mostly because the total amount is small compared to how much I put in each paycheck. I picked up some random tutoring jobs while in quarantine which helps pay for some of my groceries :)

*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.