Today I’ll be sharing my personal balance sheet, listing all of my assets and liabilities to figure out what my current net worth is. Tracking your net worth is a good exercise in my opinion since it provides you a quick snapshot of your financial life.
Considering the high level of extra expenses I had in May, I think overall I had a decent month. Due to the expenses and situations back home, I didn’t make any investing activities this month so all investment account value changes are due to the market. Note: the +/- after each category total represents the change only from the prior month.
Emergency Fund:$4501.01 (+.73). Yay for interest! 😉
Cash Savings: $6157.25 (+558.15). This includes all short-term savings and my checking account.
Roth IRA: $10,692.92 (+123.96). Just market gains at this point. Apple continues to lead the way on that front.
Brokerage: $10,608.35 (-140.92). Just following the ups and downs of the market at this point plus some new dividends.
Loyal3: $2028.56 (-61.42). No new purchases this month as I focused on building up cash after a few large expenses used up most of my investing capital.
Thrift Savings Plan: $1176.85 (+112.42). I started contributing a small portion of my paycheck to the TSP in March, splitting my contributions between a S&P 500 and a small-cap stock index fund. This is the one portfolio where I’m investing primarily for total return as these funds do not pay dividends. However, they do have some of the lowest expense ratios you can fund in a retirement plan.
Auto Worth: $5716.00 (-22). My car value continues to trend downward which is to be expected for a 10 year old car. The only reason I include it here is that it is the one non-financial “asset” that if I ever needed to sell, could probably get close to its market value.
Assets Total: $40,880.94 (+545.92).
Credit Cards: $224.21 (+31.97). As I never carry a balance on my cards and the billing cycles ends in the middle of each month, this is simply my current balance at the end of the month. Like a lot of personal finance bloggers, I’m only in it for the rewards! 😉
Net Worth: $40,656.73 (+513.95). Compared to last month, May was a much smaller gain, but all the categories continue to trend in a favorable direction.
How was your May for finances? Do you track your net worth and if so, are there any other items you track? Please leave a comment below and thanks for reading!
Disclosure: I am long Apple (AAPL).