First, some fun news. Little Miss AA has a positive net worth of $238! We haven't even begun trying to save anything for her--we need to clean up our own finances much more first--but her UK grandpa gave her $210, and NT's office had a baby-name pool where the winner decided to hand the $28 prize over to the baby!
I don't think I'll be tracking her net worth as part of ours, since of course she'll be making her own way someday. But I thought it was neat that she already has some money to her name. We hope to teach her to be a saver (and a smart spender) early on so she doesn't make as many youthful mistakes as we did.
Anyway, on to our net worth.
Assets:
NT's UK pensions: 7,250 pounds ($14,500)
14,721 pounds ($29,442)
NT's 401(k): $8,247
AS's 403(b): $3,237
AS's IRA: $1,682
AS's 401(k): $328
CJ's 401(k): $34,388
NT's flat: 130,000 pounds ($260,000)
CJ & AS's condo: $160,000
Baby/emergency fund (shared asset): $8,304
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Total Assets: $520,128
Total Debt: $367,489
Current Estimated Net Worth: $152,639
March 2010 estimate: $147,011
Change in net worth: +$5,628
Summary: We paid off a big chunk of debt and had some nice gains in our retirement accounts. Oh, and I did some research on our home's value and am fairly satisfied that $160K is still a valid number. If we had to offload it in a hurry, we'd probably have trouble getting that amount, but if we had time to fix it up and let it be listed for a while, it would eventually sell at that price, I believe. Since we won't need to sell any time soon, I'm going to leave it at that value.
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 fairly conservative. 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 (unless I happen to get some info by chance). 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 $1.60 per British pound.
April 2010 net worth update
April 21st, 2010 at 04:48 pm
April 21st, 2010 at 05:47 pm 1271872044
April 21st, 2010 at 06:09 pm 1271873352
April 28th, 2010 at 03:06 am 1272423985
Of course when I would go back to my mums, she'd ask for it for grocery money