November 2014 Net Worth Update (+7,220.55)

Happy Thanksgiving! November was a good month for our net worth. It increased $7,220.55 over last month, to a total of $293,750.08 (see table below).

What Worked
My wife earned a $12,490 gross ($7,664.17 net) quarterly bonus. We used this money to pay some of our 0% credit card balance down, deposited a bit into savings, and paid an additional $1,100 to our home mortgage. We contributed $617.20 to our retirement accounts in November and the total balance increased $4,577.35 to $138,021.77. I also moved my old company 401(k) balance ($68,291.73) to traditional IRA with Vanguard.

What Didn’t Work
We purchased a new (used) vehicle adding $26,000 in debt to our liabilities. Thankfully, they gave us $5,000 trade-in for our 2006 Honda Accord (120Kmiles) that was pretty beat up and needed ~$1,200 is work.

Next Month
December should be a pretty typical month. We plan to keep the Christmas presents affordable, but thoughtful.

Assets	Oct-14	Nov-14	Change	% Change
401(k) Accts	76,840.58	8,548.85	(68,291.73)	-798.84%
Roth IRAs	10,891.89	11,322.39	430.50	3.80%
Traditional IRAs	45,711.95	118,150.53	72,438.58	61.31%
Taxable Brokerage Accts	1,148.00	898.53	(249.47)	-27.76%
Cash & Savings Accts	7,814.70	9,152.70	1,338.00	14.62%
Son's 529 Plan / Upromise	10,576.31	11,034.39	458.08	4.15%
Daughter's 529 Plan / Upromise	3,313.44	3,457.07	143.63	4.15%
Home	489,000.00	489,000.00	-	0.00%
Car 1	-	30,000.00	30,000.00	100.00%
Car 2	8,610.33	-	(8,610.33)	100.00%
Car 3	13,859.24	13,720.65	(138.59)	-1.01%
Total Assets	667,766.44	695,285.11	27,518.67	3.96%
Liabilities	Oct-14	Nov-14	Change	% Change
Credit Card Balances	9,834.11	5,883.31	(3,950.80)	-67.15%
Home Mortgage	371,402.80	369,651.72	(1,751.08)	-0.47%
Car 1 Loan	-	26,000.00	26,000.00	100.00%
Car 2 Loan	-	-	-	0.00%
Car 3 Loan	-	-	-	0.00%
Total Liabilities	381,236.91	401,535.03	20,298.12	5.06%
Net Worth	286,529.53	293,750.08	7,220.55	2.46%