Net Worth Update - August 2012
August was another great month for my net worth with almost a $7,900 increase. Over half of that came from after tax savings with the rest from my 401k and ESPP withholdings and the change in market values. For the month I contributed just over $1,200 to my 401k and another $650 to my ESPP. My after-tax savings amounted to just over $4,600.
Current Assets: $135,836.17
Curent Liquid Assets: $49,124.07
Current Debts: -$16,975.43
Net Worth: $118,860.74
I have a chance to reach $150k by the end of the year for my net worth. In order to do that I have to average a $7,784.82 monthly increase starting in September. It's definitely possible but will be highly dependent on the amount that I work and the markets cooperating. My savings rate for August was 74.05% which is great considering that I overshot my budget and spent $100 more than I was planning on. I was gone for so long that I wanted to treat my wife to a few dinners out and that led to me going over my restaurant budget.
My emergency fund currently sits at $8,763.02 which cover 6.14 months of my average minimum expenses for the year.
YTD my net worth has increased 72.85%. For the month, my net worth increased 7.08%.
Current Assets: $135,836.17
Curent Liquid Assets: $49,124.07
Current Debts: -$16,975.43
Net Worth: $118,860.74
I have a chance to reach $150k by the end of the year for my net worth. In order to do that I have to average a $7,784.82 monthly increase starting in September. It's definitely possible but will be highly dependent on the amount that I work and the markets cooperating. My savings rate for August was 74.05% which is great considering that I overshot my budget and spent $100 more than I was planning on. I was gone for so long that I wanted to treat my wife to a few dinners out and that led to me going over my restaurant budget.
My emergency fund currently sits at $8,763.02 which cover 6.14 months of my average minimum expenses for the year.
YTD my net worth has increased 72.85%. For the month, my net worth increased 7.08%.
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