Well when I first posted our net worth back in January I intended to keep it up every month. But here we are in April with no updates, until now!
So the news is good: our net worth is now positive. Since January we’ve paid off over eight thousand dollars in debt, reducing the total by 23%. The majority of the paid off debt was the car loan, followed by the credit cards and the student loans. Our assets are up 12%, or $3.3k, since January. We’ve built up the emergency fund to cover about one month of expenses, and contributed a small amount to our 401(k)s. We did take a small hit in our accounts from declines in the stock market, but nothing too bad (yet).
Overall it’s very encouraging to see the changes in our finances. It’s still going to take awhile to payoff all of our debt, but it will be great to see our net worth calculation when there’s no debt dragging it down. Next month (or next quarter) we will have an updated net worth. Hopefully the news is just as good!
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