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December 2010 net worth update

December 20th, 2010 at 10:28 am

NT's UK pensions:
#1: 12,663 pounds ($25,326)
#2: 16,005 pounds ($32,010)
#3: 3,709 pounds ($7,418)
NT's 401(k): $10,812
NT's Roth IRA: $3,036
AS's 401(k): $4,751
AS's trad. IRA: $1,682
AS's Roth IRA: $3,035
CJ's 401(k): $37,866
CJ's Roth IRA: $3,036
NT's flat: 130,000 pounds ($260,000)
CJ & AS's condo: $160,000
Baby/emergency fund (shared asset): $8,790
Total Assets: $557,762

Total Debt: $351,801

Current Estimated Net Worth: $205,961

November 2010 estimate: $191,983

Change in net worth: +$13,978

Summary: I wasn't able to access NT's 401(k) account online today, so I couldn't record the probable gains (based on AS and I making leaps in our accounts). But it hardly mattered in light of the big overall gain this month! My dad gifted us $12,900, and I put over $11,000 of that directly toward our net worth, including retirement savings and debt pay-down. So it's exhilerating but hardly surprising that our net worth has topped $200,000. A great way to end the year!

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

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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