Saturday, July 7, 2012

Net Worth Update - June 2012

June was a surprisingly good month for my net worth. After the big expenses of paying for the wedding and my trip to Vegas and the honeymoon I was still able to increase my net worth. A lot of that is because the markets ended up cooperating for me by the end of the month and the fact that I didn't get to spend money that wasn't saved up for almost half the month. Overall we came in under budget on our wedding so that was good. It wasn't by much but every little bit helps. For the month I contributed around $2,300 to my 401k including the company match and another $1,200 to my ESPP. The biggest help in turning June to a positive net worth changed was the fact that my income was way up and my expenses were down. From my take home pay I saved just over $8,400. Overall my net worth was up $5,500 for June.



Current Assets: $119,891.98
Curent Liquid Assets: $36,648.65
Current Debts: -$16,975.43
Net Worth: $102,916.55

June also brought me over the $100k net worth mark. It's amazing to see how much progress has been made since I started keeping track, especially since there was the big wedding expense drawing potential savings away. From here on out I should hopefully be making big leaps toward financial independence with no major expenses planned to come up soon.

My savings rate for June was 87.23% from my take home pay. This was mainly due to the fact that my income was very high in June due to working a whole lot in May. As usual this doesn't include my 401k contributions, but does include my debt service payment.

YTD my net worth has increased 49.67%.

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