Net Worth Update – January 2013

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)

Net Worth

My January Net Worth

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!