February 2009 Net Worth
Apparently the economy giveth, and the economy taketh away…
Last month I was thrilled to have a 4% increase in my net worth, only to find myself down 3.8% this month. As I rationalize all of it in my head and attempt to cheer myself up, I realize there are a few things working against me this month.
For one, my property taxes (all painful $4,457 of them) were due January 31 and this took a healthy chunk out of my cash reserves.
Secondly, my bonus – also known as my “incentive plan payment” – is still MIA even though this is usually paid in January. I have it on good authority I’ll be receiving a check this Friday, so here’s hoping the rumors are true.
And lastly, I’ve done some preliminary tax calculations and I should be receiving a refund in the neighborhood of $1,300. I really need to look at my exemptions, but for now I’m just happy to receive money back.
Of note, I finally decreased my estimated home value after seeing a similar decrease on Zillow. The city I live in has home values that thankfully are staying pretty steady, but it still hurt to subtract that $5,000 on paper.
Anyway, here are the details of the damage:
Assets: $293,864
Cash and Cash Equivalents: $14,565
Invested Assets: $27,624
Use Assets (car, house, furniture, etc.): $251,675
Liabilities: $171,599
Credit Card Balance: $1,485
Home Mortgage: $170,114
FEBRUARY NET WORTH: $122,265
(January Net Worth: $127,121)
Percent Change: -3.8%