Current Assets: $535,373.55
Curent Liquid Assets: $163,215.45
Current Debts: -$190,667.07
Net Worth: $344,706.47
Talk about a big change from January's balance. I know I can't expect to repeat this month in and month out, although I wish I could, but this was a personal best as January 2013 was the previous high with almost a $23k increase. Assets are well into the $500k level although I know that could easily come crashing down if the markets take a turn for the worse. Liabilities mainly consist of the mortgage on our house and so very little progress gets made in decreasing the total liabilities. For now I don't see the point in paying extra on the mortgage given our relatively low interest rate. I think we'll come out much further ahead investing the difference and then once we're close to FI make the decision of whether to aggressively pay down the mortgage to be completely debt free. We now have 20.51% equity in our house.
February ended up being a 8.04% increase over the end of January 2014. YTD I've had an increase of $24,592.25 for a 7.68%. My goal for the year is to have a $125,000 increase in my net worth, so February went a long way towards improving on that goal. I'm averaging almost a $12,300 monthly increase so far this year which is about $1,400 less than 2013's monthly average and has me on pace for a $147,000 increase so my net worth goal might be getting revised higher at the halfway mark of the year.
I've changed 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 February came in at 54.23% which is over my goal of 50%, so depending on how the first quarter/half goes, I might be adjusting the target higher as well. This is a big dropoff from 2013's 81.31% rate, but that's because I changed 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.
The trend in my liquid assets expense coverage finally reversed the 3 month declining trend. As expenses hopefully head lower and savings move higher this ratio should continue to increase in most months. Based on my expenses from February my liquid savings would last for 5.07 years.
Also, I'm starting a newsletter that I hope to get going over the next month or two so go on and be the first to sign up to receive new posts to your email and newsletter!
How did your net worth do in February? Did your net worth ride the stock markets higher?