Assets:
NT's pensions: 7,250 pounds ($14,500)
10,725 pounds ($21,450)
NT's 401(k): $1,898
AS's 403(b): $2,214
CJ's 401(k): $25,220
NT's flat: 130,000 pounds ($260,000)
CJ & AS's condo: $182,000
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Total Assets: $507,282
Total Debt: $424,704
Current Estimated Net Worth: $82,578
June 2008 estimate: $81,447
Change in net worth: +$1,131
Summary: My 401(k) again lost value, so our assets went down a bit despite gains in AS's 403(b) and NT's 401(k). Our debt repayment was very modest this month, but it gave us a bump in net worth anyway.
Info from a couple sources leads me to believe that I'd struggle to sell our U.S. condo at the amount listed above; it would probably go for more like $175,000. But I noticed that a 2BR UK condo in the same development as NT's 1BR just sold for 185,000 pounds ($370,000). So I'm sure my valuation of his house is very conservative. Therefore I'm just going to leave both house values as is for the purposes of this tracking.
Note on the numbers above: House value estimates are conservative, and retirement totals don't include amounts currently unvested.
July net worth update
July 22nd, 2008 at 07:59 pm
July 22nd, 2008 at 09:16 pm 1216761364
A few bumps in the road, nothing to pnaic over. Well, get back to the debt snowball soon enough.
July 23rd, 2008 at 12:46 pm 1216817178