And it’s that time of the month again! It’s time for the monthly Net Worth Update. January was a very good month for me, as I actually received my first ever bonus from the Corporation. As you’ll see below, it significantly improved my current cash holdings and it is certainly making me feel a whole lot better about things. Unfortunately, with moving into a new apartment (and getting some new furniture), I don’t anticipate the bonus to last all that long. But hey, something is better than nothing! Even better though, January was a great month for stocks and my 401k and Vanguard account both grew tremendously. I’m definitely looking forward to 2013 as the year I hit positive numbers! (Template courtesy of J. Money at Budgets are Sexy)
HUGE improvement! My biggest increase to date. As I mentioned above, I don’t think this is going to be a continuous thing. In fact, chances are February will be a down month, with the deposit and moving costs, as well as new furniture. However, with no more credit card debt and a decent amount of savings, I’m definitely feeling good about the days to come.
Checking Account: I won’t lie, I’m not sure where I’m going to be moving this cash. Some of it will definitely go into the B of A generic savings account, enough to make it so I never pay any fees. The rest of it will be split between apartment obligations, my Vanguard and my ING account.
Savings Accounts: Still low but only temporarily. I’m contributing double into my ING account now, so that should grow much quicker.
401K: I actually increased my contribution for 2013 and with the very minor raise I got, it should grow by at least $800 every month. This is quickly becoming the most significant component of my Net Worth and I’m OK with that.
Vanguard: In addition to doubling my contribution to ING, I have also doubled my contribution to Vanguard. This way, things will grow much, much quicker here! Additionally, I’m considering finally opening a Roth IRA this year. I’ve been considering it for a while and I think it’s about time.
The Acura: This decline is to be expected. More and more I’m thinking about selling this and going with a less expensive car. I’ll stick with it for now but we’ll see.
Liabilities: Still no credit card debt! I also paid a bit extra towards my student loans last month. I’m not sure why but I just felt like making a bit more of an impact. Hopefully this helps. These just keep going down which, I hope, remains a constant over 2013.
So there we have it. I’m pretty close to a positive Net Worth! If I really work at this, I’m pretty sure I can get there before the middle of the year. We’ll see. Does anyone out there have any good news about their Net Worth? Let me know!