Current Assets: $509,939.71
Curent Liquid Assets: $150,646.91
Current Debts: -$190,890.50
Net Worth: $319,049.21
Assets remained over $500k and liabilities continued to decline, but it end up being a negative change for the month. A far cry from January 2013's almost $23k increase and well short of 2013's average over $13k and the first decline in my net worth since May 2012. Ouch! That sure was a nice streak I had. I'm not worried at all though as the assets continue to do their job, which is generate cash. We continued to pay just the minimum on our house and we now have 20.41% equity in our house. This was a 0.33% decrease from December's tally. My goal for the year is to have a $125,000 increase in my net worth for the year so I've got a lot of work ahead to make up for slow start to 2014.
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 January came in at 53.14% which is over my goal of 50%, so depending on how the first quarter/half goes, I might be adjusting the target higher. This is a big dropoff from 2013's 81.31% rate, but that's because I'm changing the way I calculate my savings rate. It's now just savings from my after-tax income that is specifically marked for investment. I need to do a better job of in-month tracking of my expenses, but the good thing is that while they've crept up it's not a huge increase over my normal baseline.
My non-retirement accounts net worth took a another dip due to higher expenses and of course the overall decline in net worth. Another trend that I need to correct. Things should start trending higher on this again once the markets level out or start to increase and I do a better job of managing my expenses. Based on my expenses for January my liquid savings would last for 4.69 years. Not bad but I need to get that headed back in the right direction.
How did the new year treat your net worth?