We are in California for a Spring Break baby moon bonanza. We miss San Diego dearly and sometimes we wonder if we made the right choice in moving to Seattle. Who knows, maybe we’ll end up back down here one day…when we are millionaires and can afford it. Haha.
I should be back with “non lazy” posts next week, but for now enjoy a net worth update…
Cash: $19,523; -$20,866
No, that is not a typo. Our cash reserves took a $20k hit last month. Fortunately it was for good reason. $14k went to our new taxable account, and $5,500 to this years Roth contribution. Don’t worry, I didn’t go on an epic spending spree 😉
Roth IRA: $57,342; +$6,755
Like I said, $5,500 of this was from my contribution, but the other $1,200 was pure profit baby. Booyah!
401Ks, Traditional IRAs, etc: $89,876; +$1,908
I’ll take any gains I can get in my retirement accounts, especially when it’s a $2,000 improvement in 30 days. Can’t wait to have $100k in just 401k’s
Taxable investment account: $14,165; +$14,165
As I’ve referenced a few times, we recently opened a taxable investment account. We went with a vanguard 2035 target fund, VTHRX. Had the account for three weeks and it’s already made more money than this money would have for a whole year if we left it in our savings account. It will be fun to see how this performs over the years.
Home equity: $75,226
Zillow is going gangbusters since we bought our house. I know it’s not accurate, but I sure don’t mind when it’s inaccurate towards a higher selling price. Haha. My hunch is we could walk away with anywhere from $75k to $100k if we sold tomorrow.
Credit Card: $2,996 (change not reflected since balance is paid off each month)
March was a very expensive month for us. We’ve had skylights installed in our upstairs, trees taken down in our backyard, and a French drain installed in our basement. It’s crazy and expensive, but at least it’s not a completely sunk cost as we are building equity by making our place less sucky.
According to math, this makes our current net worth $253,136. Which puts us at a more modest monthly gain of $2,410. The major house project expenses are coming to a close so hopefully these last few months as DINKS will be profitable ;).
And here is my obligatory monthly picture of Nova…
You can see all of my net worth updates here.