June 30, 2011

June 2011 Net Worth Update (+$4,791.04)

We were blessed with another net worth increase this month. Our net worth increased $4,791.04 from last month, to a total of $146,839.18 (click on spreadsheet below).

What Worked
We received a huge windfall in the form of a $4,470 class action settlement from my wife’s old company (that she worked at for ~6 weeks). She was automatically included in the settlement, and frankly, we weren’t expecting much to come of it. Imagine our surprise when a check for $4,470 showed up. This helped us dramatically increase our savings account balance. One step closer to having a home downpayment.

What Didn’t Work
We contributed $1,419.50 to our retirement accounts in June and saw them decrease $970.28 to $93,859.46. Not a big deal.

Next Month
My Wife receives a third “extra” check in July, but we also have a few large bills including $233 for 6 months of life insurance premiums (Husband & Wife), $400 for a 50% prepayment to our doula, and a $327 traffic ticket. God willing, we hope to hit a net worth milestone of $150K in July.


Ravi Gupta said...

Awesome job! You guys seem to be in an amazing spot especially for this economy. You're flexible and have 0 debt. Way to go!

-Ravi Gupta

1MansMoney said...

Thanks Ravi! William Bernstein said "... Young Savers: They should be praying for a bear market so they can accumulate shares cheaply before they retire." We've got our bear market and are very blessed to still have our jobs.