Current Assets: $469,940.46
Curent Liquid Assets: $121,732.35
Current Debts: -$191,775.43
Net Worth: $278,165.03
If you compare September's update to August's you'll notice a big jump in the asset column, unfortunately that also coincides with a huge increase in the liabilities. The change was all related to our house purchase so the net worth didn't change just the values. The markets helped to increase my net worth as well and when added to all the savings mentioned above my net worth increase by an astounding $17,526.33. This was good for a 6.72% increase from August and my second highest monthly increase. I've already passed my original $100k net worth increase goal for the year and now I'm getting close to surpassing my revised goal to reach a $286,000 net worth by the end of 2013. I'm about $8,000 short for now but with another round of ESPP purchases going through in October I should be able to reach this by the end of the month. My budget is going to be in flux for the next month or two as the new expenses start rolling in and I figure out what all I've missed in my planning. So depending on how the markets behave over the last quarter, there's a chance that I could surpass $300,000 which would be truly amazing.
My after-tax savings rate for September ended up at 84.49% which is just outstanding. Most of that is due to the income being so high, but there's plenty of people with high incomes that aren't aggressively saving. I'm now averaging 82.90% through the September which 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. I'm expecting a dip in my savings rate for the rest of this year due to the added expenses for the house so the 80%+ level might be in jeopardy. Even if it dips down to the 70% range I'll still be doing just fine as that's well above what most Americans are saving.
My non-retirement accounts net worth could took a big dip in September, also related to the house purchase. I had to cut a check for $45,000 so that will do some damage and lowered my expense coverage to just 6.18 years. A big drop from August's 8.64 mark. The big drop was due to the aforementioned $45k check and my high expenses from September. Going forward I wouldn't be surprised to see a further dip in this number as expenses are still in flux but over the long-term it will start to trend higher once again. Luckily though I can start budgeting in more money to the FI Portfolio to continue building up my passive income stream.
How was your September? Did you do better or worse than you expected this month?