Current Assets: $574,597.66
Curent Liquid Assets: $190,676.01
Current Debts: -$189,764.49
Net Worth: $384,833.17
My monthly changes have smoothed out after the decrease in January and then record setting February. March, April, May, and now June have all been about the same in net worth improvement so it's good to see things settle down a bit. Liabilities are pretty much just the mortgage on our house which we now have 20.92% equity in our house. I don't see the point in paying extra on the mortgage given our relatively low interest rate and think we'll come out much further ahead investing extra cash flow for the time being.
June's increase was a 2.87% improvement over May's total and year-to-date I've had an increase of $64,718.95 for a 20.22% improvement from the end of 2013. My goal for the year is to have a $125,000 increase in my net worth, and so far I'm 51.78% of the way towards my goal. I'm a little ahead of pace on my net worth goal which is just how I like to be. Of course, there's no telling what the investment assets will do towards my progress towards that goal the rest 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. I also changed the colors because I didn't notice this until April but assets were red and liabilities were green. So that's now been fixed.
My after-tax savings rate for June came in at 59.39% which is well over my goal of 50%, so I'll be looking to increase that target during my half year goal review post later this month. So far this year I'm averaging a 57.47% investment savings rate which I think is awesome. I don't expect to have too many other big expenses or items to save for the rest of this year so almost all excess cash flow will be funneled directly into savings for investment purposes. This should help increase my savings rate throughout the rest of the year. 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 from my after tax income.
Based on my expenses from June, my liquid savings would last for 5.96 years, a 0.14 year increase from May. This slight decline ended a nice 4 month streak of increases. The decline was due to expenses normalizing after a really inexpensive May. Expenses in May were much lower than my average month throughout the year so the normalization cancelled out some of the increase in my liquid assets. No worries though as I should hopefully get back on track with fairly regular increases in July.
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How did your net worth do in June?