My Net Worth-April
I’ve updated my Net Worth since it’s the first of the month. For some reason, it won’t show up as a picture on my side bar, so I have a link to my page under the blogroll. I may end up moving it to a more prominent spot. Right now you can access it here. My net worth has risen $1,978 in the last month to -$9,406. This is for a few reasons:
1. Last month I didn’t take into account my 401K from my current employer. At this point, I’m only contributing 3% of my salary (they match 50% up to that point), so it’s less than $800, but it’s still something.
2. I contributed $1000 to a traditional IRA and it’s already gained more than $20 in interest.
3. I changed my car loan agreement with my dad, lowering my interest rate to 6% and extending the length of the loan. My car loan total is a little misleading because I have down the entire balance plus the interest I’ll be paying, assuming I pay exactly $88.71/month (until November 2010), $5000 November 2008, and $500 November 2010. So my balance is lower than indicated, but I don’t keep my amortization schedule sheet on hand to determine exactly what my balance is each month. I might start doing that in November after I pay the big lump sum. My student loan balance is calculated for me, so that is correct.
Soon I should be receiving my $600 tax rebate and my over $1600 tax refund, which will be nice. I’ve thought about changing my withholding, but I haven’t yet worked a full January-December year yet, so I think that I’ll wait until next year to look at that.
This month I’m also going to track what I spend, which I’m looking forward to and dreading all at once.
