Current Assets: $272,916.54
Curent Liquid Assets: $148,148.36
Current Debts: -$16,975.43
Net Worth: $255,941.11
As I mentioned above things got back on track after a disappointing June. The increase came in at $15,827.72 and was good for a 6.59% increase from June's tally. July ended up being my third highest month ever. The best part is that I would say that I met my original goal of a $100k increase in my net worth for the year. Although technically I haven't since I'm $11.02 short of that target, but it's only been 7 months so I'll pretty much call it complete. I'm still short of my new revised goal of reaching $286k. Since my wife and I are in the process of purchasing a house the net worth is going to get a little skewed. I'm thinking of calculating my net worth with the house completely excluded and then also including both the debt and equity portions of the house. Any thoughts on the best way to account for a primary residence?
My after-tax savings rate for July ended up at 79.71% which was a bit disappointing but it did come back up from June. I'm now averaging 82.14% through the July which is phenomenal. This is currently ahead of my 80%+ savings rate goal. This is only savings from my net income that actually hits my checking account. However, I do have another 8% after tax being withheld to purchase shares through the employee stock purchase plan provided by my employer.
My non-retirement accounts net worth increased a very solid 0.48 years to 8.49.It's pretty amazing to see that with just my liquid assets I could cover my minimum expenses for almost 8.5 years, excluding inflation. It would have been higher had my spending/budgeting gone better but the expenses weren't anything too outrageous. Sadly this is going to take a hit with a big chunk of cash going towards the down-payment for the house. I'll still do my best though to rebuild my liquid assets as quickly as possible.
How was your July? Did you do better or worse than you expected this month?