Net Worth: January 2010

Screen shot 2009-12-01 at Dec 1, 2009, 5.32.56 PM

I popped a cap in 2009’s a$$. It was an incredible year, increasing my net worth over $30K. December, however, was a not so exciting. Oh wait, YES IT WAS. I got engaged, but with engagement comes expenses, and with expenses come a less than ridiculous net worth growth. Let’s take a look…

Checking Account(s): $4,361, +$1,301. Got the checking account slightly stacked as my $2,500 credit card bill is coming due. I’m being a good Ninja, and paying that bill in full. I try to keep $1,000 in this account, but have come to realize that is almost never the case as I am constantly moving money around. Also, I now have two checking accounts, after opening up my online savings with ING, I decided to open a checking account with them also.

Savings Account: $17,725, -$1,800. Ahh the savings account decrease…tear. It’s for a good reason though. I finished off my last bit of contribution to my Roth IRA. You’ll see the increase in the next section…

Roth IRA: $13,755 +$1,868. I almost didn’t max out my Roth IRA for 2009, but after much thought I decided to go for it. I’m glad I did…I think 🙂

401K: $11,641, +$869. Eight percent of each paycheck makes its way in to this account. I invest in very similar funds in both my Roth IRA and 401K. I get 5% of my paycheck fully matched, so you know I’m not about to pass up free money.

Student Loan: -$16,193, +$108. Whoops. Got a little side tracked with purchasing an engagement setting and contributing to my Roth IRA. I promise to get back to paying this biotch down in 2010. Pink promise!!!

I’m rocking a solid $28,793 net worth. I’m up $1,404 from last month. Not quite as cool as the $5,000 I went up last month, but I guess I’ll be okay. If I had to choose between getting engaged, or having a larger Net Worth growth, I would pick…. well don’t make me answer that 🙂

Anyone care to make any PDITF 2010 predictions. Think I’ll be President by the end of the year? Maybe I will fizzle out and give blogging up? Think I’ll have a kid (I sure hope not). Humor me with some new year predictions.

If you have wondered why the blue bar (debt) in the graph sometimes increases, it’s because my credit card balance gets taken in to account each month. Even though I pay the balance in full it still appears as a “liability” in Quicken. I just deduct this from my checking account balance to give myself an accurate net worth reading. I choose not to include my car in my NW calculations, which would probably increase my worth by about $8K.