Sunday, December 16, 2007
Net Worth Update
Keeping track of the net worth is one of my main goals with this blog. I use NetworthIQ to track everything and you can see the results in a graph on the left sidebar. I started tracking my net worth back in August of this year (2007). I am pleased to say that I have had positive months every month since through November which was the last update. My net worth started out at $2,952 in August and as of the last update was $4,150. This is a total gain of $1,198 or 40.6% in 4 months. I'm pleased with the percentage gain so far but the total dollar amount doesn't have me too excited. Here in a couple weeks I will update my net worth for December and give a new post about the year in review. I don't expect it to change too much from where the numbers were in November. This is the christmas season and that means spending money on gifts. My fiance and I do expect/hope to get some cash for presents from our family but this will go straight into the wedding fund which I do not count as part of my net worth. Coming up in the new year the fiance and I will be combining our finances and I will start tracking our net worth together. I wonder if this will make my overall net worth increase or decrease? She has a lot of cash but she also carries a student loan and car loan. Either way the goal is to always make progress and increase our net worth.