Another month has past and it’s now time for another Net Worth update. Here are the numbers for June…
June, 2015 Net Worth: $74,922 (+$100)
My net worth was only up $100 from last month. The reason for such a small increase is primarily because of the decrease in the stock market, causing a large decrease in my brokerage accounts and IRA account.
Assets
Cash
Cash / Savings: $45,178 (+$1,078)
My cash savings is up $1,078. This increase is from income I received from my job and money I received from items I sold at a garage sale.
Certificates of Deposit: $9,512 (+0.00)
I did not receive any dividends from my CD, so this amount remained the same from last month.
Investments
Stocks (Brokerage Account): $21,701 (-$804)
My brokerage account is down $804 this month. This decrease was caused by a decrease in the stock market causing some of the shares I own to decrease in value.
Bonds: $2,710 (+$0.00)
I left this amount the same as last month. Although in reality this amount probably has slightly increased, all my savings bonds are in the form of paper. To find out the actual amount would require me to individually type each one in at the Treasury Direct website, which in other words is very time-consuming and I was lazy.
Retirement
IRA Account: $7,941 (-$166)
It always hurts to see a decrease in an account but I have no control over the stock market.
Personal
Automobile: $1,000 (+$0.00)
My awesome car! This value probably won’t change too much within the next couple of months.
Liabilities
Debt
Credit Cards: $352 (+$14)
For first time readers, I pay off my credit card in full every month. So in June, I spent $352 on my credit card, $14 more than last month.
Student Loans: $12,709 (-$7)
I only put $80 towards my student loans this month and with the interest they’ve accumulated this month, the total amount is only $7 less than last month (kinda depressing to think about).