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May 2014 net worth update

May 15th, 2014 at 06:32 pm

Assets:
NT's UK pensions:
#1: 17,105 pounds ($27,368)
#2: 19,653 pounds ($31,445)
#3: 4,452 pounds ($7,123)
NT's 401(k): $29,903
NT's Roth IRA: $7,037
AS's 401(k): $12,720
AS's trad. IRA: $1,682
AS's Roth IRA: $18,678
CJ's 401(k): $70,008
CJ's Roth IRA: $7,037
NT's flat: 140,000 pounds ($224,000)
CJ & AS's condo: $145,000
House down payment/moving fund (shared): $24,081
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Total Assets: $606,082

Total Debt: $239,386

Current Estimated Net Worth: $366,696

April 2014 estimate: $357,895

Change in net worth: +$8,801

Summary: Big growth, and we finally achieved $600K in assets! Some of the increase is due to upward movement in our retirement funds; the rest because we've been saving aggressively for a home.

I decided to include U.S. savings for a home in our assets, since the money will either go toward renovating (i.e. increasing the value of our current home) or to buying equity/adding value in a new home. I did not include our UK savings, because the UK flat's value listed above is contingent upon the renovations that will wipe out our UK savings.

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 approximate. 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 $1.60 for every British pound.

2 Responses to “May 2014 net worth update”

  1. creditcardfree Says:
    1400200779

    Congrats on $600K in assests.

  2. Bluebird Says:
    1400260705

    Awesome!!!

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