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October 2020 - Net Worth Calculation ($13,330.78) => +1.67% from September

  • GMoney
  • Oct 5, 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: +218.43

401K increase: +1.92%

Total Assets: $23,803.87

Liabilities:

Student Loans: $5,882.61

Credit Card: $952.42

**Negative Car Equity: $3,638.06

Total Liabilities: $10,473.09

TOTAL NET WORTH: $13,330.78


A LOT of expenses were incurred this month. I did start my journey to become a realtor. That cost me a couple hundred bucks to get going. I also booked a last minute trip to see a friend who lives in Mississippi which was about half a grand in expenses total. Then, I booked a weekend at the end of October with some friends. However, despite all these big expenses, I still spent less than I earned and I was able to increase my net worth even if it was by a small amount. This month I will be gone for a week visiting my mom so hopefully I won't have many expenses during that time. Also, because the trips for October were paid for in September I should have a normal growth this upcoming month.


Plus there is the possibility that I will get another early bonus check from my company. December is right around the corner and with it comes 3 paychecks and a bonus check! Looking forward to the extra income!


*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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