July 1, 2010

June 2010 Net Worth Update (-$1,240.46)

I really have been neglecting this blog, but at least I'm still updating our net worth each month! Unfortunatley, our net worth decreased $1,240.46 from last month, to a total of $86,695.38 (click on spreadsheet below).

What Worked

$1,000 was also automatically deposited into savings account this month from my wife’s paychecks.

What Didn’t Work

We contributed $1,719.50 to our retirement accounts (401k & Roth IRAs), and saw them increase $2,015.01. We’re falling a little behind on our Roth IRA contributions. Since my Wife’s company does not have a 401(k) plan, our goal is to max out our Roth IRA’s. We’re half way through the year and have only contributed $1,250 each ($2,500 total) to our Roth IRAs. We need to pick up the pace to reach the $5,000 individual maximum contribution.

Next Month

The markets a little crazy right now, so I won’t even bother to guess at next month.

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