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August 2011 net worth update

August 18th, 2011 at 04:41 pm

Assets:
NT's UK pensions:
#1: 13,753 pounds ($27,506)
#2: 16,005 pounds ($32,010)
#3: 3,709 pounds ($7,418)
NT's 401(k): $12,966
NT's Roth IRA: $3,333
AS's 401(k): $5,524
AS's trad. IRA: $1,682
AS's Roth IRA: $4,456
CJ's 401(k): $37,804
CJ's Roth IRA: $3,333
NT's flat: 130,000 pounds ($260,000)
CJ & AS's condo: $160,000
Baby/emergency fund (shared asset): $11,295
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Total Assets: $567,327

Total Debt: $335,594

Current Estimated Net Worth: $231,733

July 2011 estimate: $235,435

Change in net worth: -$3,702

Summary: Ugh, I knew I wasn't going to like this month's results. Despite over $2K of debt payoff, our retirement accounts lost so much value that we're down for the month. I imagine we've lost progress on AS's net worth goal as well. I think all this market volatility is just shortsighted silliness that will clear up in a month or two, so I think we'll gain it back soon. But I don't really know.

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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