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August 2010 net worth update

August 23rd, 2010 at 07:26 pm

NT's UK pensions:
#1: 12,663 pounds ($25,326)
#2: 14,721 pounds ($29,442)
#3: 3,709 pounds ($7,418)
NT's 401(k): $9,397
AS's 403(b): $3,300
AS's IRA: $1,682
AS's 401(k): $741
CJ's 401(k): $31,772
NT's flat: 130,000 pounds ($260,000)
CJ & AS's condo: $160,000
Baby/emergency fund (shared asset): $8,532
Total Assets: $537,610

Total Debt: $361,995

Current Estimated Net Worth: $175,615

July 2010 estimate: $173,902

Change in net worth: +$1,713

Summary: My 401(k) lost a few hundred bucks, but we paid off enough debt to still see a small gain in net worth. Nothing like when NT discovers forgotten pension plans, though! Smile

AS and I hit an exciting milestone: positive combined net worth. Our finances have been tied together since she was 18 and I was 23, so I kind of consider them to still be combined. Well, my net worth hit $24,612 and hers is negative $24,547, so together we're at positive $65! Woo hoo, we're not dragging NT's down anymore. It's all uphill from here, I hope!

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.

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