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February 2009 net worth

February 23rd, 2009 at 09:38 am

Assets:
NT's UK pensions: 7,250 pounds ($14,500)
10,725 pounds ($21,450)
NT's 401(k): $3,178
AS's 403(b): $3,074
AS's CD: $500
CJ's 401(k): $18,803
NT's flat: 130,000 pounds ($260,000)
CJ & AS's condo: $160,000
Baby/emergency fund (shared asset): $2333
---
Total Assets: $483,838

Total Debt: $403,226

Current Estimated Net Worth: $80,612

January 2009 estimate: $83,649

Change in net worth: -$3,037

Summary: We paid off a ton of debt and added our emergency fund as an asset. Still, it wasn't enough to stop the bleeding: My 401(k) lost about a grand, and I confirmed from two sources that our condo is worth $10K less than the last time I valued it.

For all I know, the UK condo has plunged in value as well. And NT's UK retirement assets. We could be just breaking even or, even worse, have a negative collective net worth. If I find anything out about those numbers, I will update them accordingly.

I will update my "Individual Net Worth" page shortly so you can see how it breaks out.

Notes on the numbers above: House value estimates are conservative, and retirement totals don't include amounts currently unvested. I don't have a way to check NT's UK pensions or flat value, so their values stay static for the purpose of this update. UK asset values and debt amounts are calculated figuring $2 for every British pound, which was the exchange rate when I started keeping track. I maintain that ratio for the purpose of tracking progress, even though the exchange rate is now closer to $1.50 per British pound.

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