It's about that time of the month to break out the aspirin and calculator, and crunch the numbers. I was actually quite satisfied with the first net worth calculator in about two years. I thought it would've been worse. In the past two years, we bought a house, had about two children, and put a lot of money into the house. But it seems the value of the house is really helping out. You can see a detailed view by clicking on the picture on the left.
Liquid Assests: We could improve on savings verses spending on unnecessary items, but it feels good to be a little safe and spend a little more. But overall we've done a decent job of preserving our emergency fund cash supply. Unfortunately our cash is only earning under 2%. I've been very lazy with the finances in the past couple of years. I think I could've done a better job with that money.
Retirement: I have a 401K that I contribute 6% of my before tax salary. Unfortunately, my company is going through hard times and isn't matching any of it at this time. We also have a ROTH and Traditional IRA that we've made small and regular contributions to on an annual basis. But since the market hasn't been doing well for the past year or two, it's been reflected in all of the retirement funds.
Immediate Liabilities and Long Term Debt: Most of the credit card debt is our new furnace and central air. That part of the debt is interest deferred for the time being. The other part is a combination of necessary and unnecessary spending on our main credit card. I received our tax refund today, it's going to that today.
About a year after we bought our house, we took advantage of the low mortgage rates and went from a 6% to 5%, helping us out with tens of thousands of dollars in interest. We make little payments towards our principle with reward money from our credit card. That pretty much sums it up. Next I'd like to write up a post comparing out very first net worth 4 years ago, to today's. Climbing the financial ladder, slowly but surely.