Current Assets: $511.227.26
Curent Liquid Assets: $149.460.65
Current Debts: -$191,113.04
Net Worth: $320,114.22
I almost hit the $500k assets mark at the end of November and then flew by it after December. The only debt reduction came from the mortgage payment and we're now sitting on 20.30% equity in our house. This was a 3.93% increase over November's tally. It was an amazing run in 2013 that saw my net worth increase over $164k, good for a 105.3% increase from December 2012. This far exceeded my second revision of my net worth goal to achieve $306k by the end of the year. I don't expect to see a repeat in 2014 but you never know what's in store. All we can do is take care of what we can by saving as much as possible and investing it.
I'm changing the chart for my net worth to better reflect our situation now that there's significant debt on the books with our mortgage. The chart will now show both assets and liabilities as well as the net worth.
My after-tax savings rate for December ended up at 69.72% which is around what I expected, although I know I can do better. The plan for 2014 is to get expenses under better control as the whole second half of the year I didn't really track my spending throughout the month. Expenses crept up because of that so I need to refocus. I'd love to see a stable savings rate in the 70-75% level going forward when accounting for the new expense level. I was able to average a 81.31% savings rate for 2013 which was higher than 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 took a another dip due to higher expenses. Another trend that I need to correct. I've lost over 3.7 years of liquid savings since August thanks to higher expenses. That despite increasing my net worth by almost $60k in that time. Based on my expenses from December my liquid savings would last for over 4.89 years, which is a 0.12 year decrease from November. Luckily this should get back on it's rising ways as my expenses level out from here.
How was your December? Did you do better or worse than you expected this month? How about for the year?