Current Assets: $544,686.37
Curent Liquid Assets: $170,272.80
Current Debts: -$190,442.76
Net Worth: $354,243.61
My monthly changes have been all over the place to start the year with a decline in January followed by a $25k+ increase in February. Well, March ended up in the middle and around where I'd expect most months to end up, although a bit on the low side. It's pretty crazy to see that my assets are approaching $550k, especially since they were only around $120k back in January 2012. I know that our house has something to do with the big jump in assets, but the liquid assets, i.e. investments, have made a big improvement over that time as well. Liabilities mainly consist of the mortgage on our house 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 20.61% equity in our house.
March's increase came in at a 2.77% improvement over February and year-to-date I've had an increase of $34,129.39 for a 10.66% improvement. My goal for the year is to have a $125,000 increase in my net worth, and so far I'm 27% of the way towards my goal and on track to get there. Of course, there's no telling what the investment assets will do towards my progress towards that goal.
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 March came in at 54.46% which is over my goal of 50%, so I'll be looking to increase that target during my quarterly review post. This is a big drop-off 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 think this gives a purer savings rate since it's only true savings/investment capital.
It's great to see a new trend forming in my liquid assets expense coverage after the 3 month decline towards the end of 2013. I've got a new streak going with 2 consecutive months of increases and I hope to keep that up throughout the rest of the year. As expenses hopefully head lower and savings move higher this ratio should continue to increase in most months. Based on my expenses from March, my liquid savings would last for 5.33 years.
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How did your net worth do in March?