Net Worth Statement – January 4 2010 (3.51%)
Personal Finance
Summary
Happy New Year everyone! December was a pretty interesting month financially for us with some large swings.
First off, the refinance on our home was complete and our interest rate is now 4.875% which is pretty exciting. The mortgage total went up because we rolled the closing costs into the loan rather than paying them out of pocket. By my calculations the refi should pay for itself in about 18 months. Also, due to the timing of the close we ended up not having to make our December mortgage payment which is part of the reason for the cash reserve increase.
The market was also up this month which bumped up the retirement portfolio a bit. Was also to pay down a bit on the credit cards so overall I was pretty pleased with the month.
Monthly Goals
Going to have to pay off the holiday bills which is always tough. We kept it somewhat under control this year. Would like to increase my cash reserves up to about $18,000 which is where I like to see it at.
| Jan-10 | ||||||
| ASSETS | $ DIFF | % DIFF | ||||
| HSBC Savings Account (1.45% APY) | $283.43 | |||||
| DollarSavingsDirect Savings (1.70% APY) | $15,061.12 | |||||
| Schwab Investor Checking (0.75% APY) | $8,656.03 | |||||
| CASH TOTAL | $24,000.58 | $4,925.16 | 25.82% | |||
| Treasury Direct | $2,860.16 | |||||
| BONDS TOTAL | $2,860.16 | $0.12 | 0.00% | |||
| Ameriprise ROTH IRA (Chuck) | $17,726.85 | |||||
| Ameriprise ROTH IRA (Wife) | $841.98 | |||||
| T. Rowe Price 401K (Chuck) | $62,525.09 | |||||
| T. Rowe Price 401K (Wife) | $21,379.81 | |||||
| RETIREMENT TOTAL | $102,473.73 | $5,199.24 | 5.34% | |||
| House Value (Zestimate) | $334,500.00 | |||||
| Car Value (Edmunds.com) | $6,724.00 | |||||
| SUV Value (Edmunds.com) | $21,481.00 | |||||
| MISC TOTAL | $362,705.00 | -$125.00 | -0.03% | |||
| TOTAL ASSETS | $492,039.47 | $9,999.52 | 2.07% | |||
| DEBTS | $ DIFF | % DIFF | ||||
| Citi Mortgage (4.875%) | $262,500.00 | |||||
| MORTGAGE TOTAL | $262,500.00 | $7,951.47 | 3.12% | |||
| AES Student Loan (3.625%) | $2,144.09 | |||||
| ACS Student Loan (3.75%) | $2,209.18 | |||||
| Great Lakes Student Loan (3.25%) | $43,417.56 | |||||
| Honda Financial Services | $10,634.41 | |||||
| LOAN TOTAL | $58,405.24 | -$578.03 | -0.98% | |||
| BOA MC (0%) | $5,767.52 | |||||
| BOA NEA (0%) | $13,968.26 | |||||
| BOA NEA 2 (0%) | $15,544.53 | |||||
| Citi Upromise (0%) | $10,735.85 | |||||
| CREDIT CARD TOTAL | $46,016.16 | -$1,615.15 | -3.39% | |||
| TOTAL DEBTS | $366,921.40 | $5,758.29 | 1.59% | |||
| NET WORTH | $125,118.07 | $4,241.23 | 3.51% | |||
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Thanks for a nice post on sharing your financial goals.