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Net-Worth Updates

Feel inspired, confident and empowered to design the life you want to live.

By Sadie

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Net-Worth Updates

Welcome to the page where I update and share our monthly net-worth.

The goal of this page is, mostly, to chart progress; I also secretly wish to empower and inspire others by showing you our progress while living our regular lives and making an average income.  

Each month I evaluate our net worth. I don’t use the most conventional method for determining net worth. Usually you take all of your assets, including the saleable value of your items, and minus the liabilities. I don’t exactly do that.I start by calculating my assets (cash, savings, investments) and I do not include the value of items such as my car. I don’t include them because I view my vehicle as a tool, it will only depreciate, and I don’t intend to sell it. If I have equity in a residence, I would include that however. Then I calculate my liabilities (debt including loans and credit card balance) and minus this amount from my assets. This gives me mine and my husband’s net worth: all of our assets and all of our debt.
I track it monthly to keep motivated and to see whether I’m improving. I use an app called “Wealth+” to input my numbers. It’s a simple tool I enter data into. It’s not tied to my accounts or anything. At the time of writing this post, the Personal Capital app is not yet available in Canada. 

Net Worth: December, 2019

Assets (+0)

Bank Accounts: $0

Investments: $0

Liabilities (-0)

Credit Cards: $0

Loans*: $0

*Sadie’s Student Loan, Kevin’s Student Loan and Car Loan.

 

TOTAL: -$0

Difference from previous calculation: $

Net Worth: November, 2019

Assets (+$29,018)

Bank Accounts: $15,739

Investments: $13,279

Liabilities (-$38,063)

Credit Cards: $563

Loans*: $37,527

*Sadie’s Student Loan, Kevin’s Student Loan and Car Loan.

TOTAL: -$9,045

This is a change of $____and an increase of __% net worth over last month.

Net Worth: October, 2019

Assets (+$27,697)

Bank Accounts: $14,945

Investments: $12,752

Liabilities (-$40,360 )

Credit Cards: $1,429

Loans*: $38,931

*Sadie’s Student Loan, Kevin’s Student Loan and Car Loan.

TOTAL: -$12,663

This is a change of $____and an increase of __% net worth over last month.

Net Worth: September, 2019

Assets (+$27,387)

Bank Accounts: $14,793

Investments: $12,594

Liabilities (-$41,799)

Credit Cards: $1,414

Loans*: $40,385

*Sadie’s Student Loan, Kevin’s Student Loan and Car Loan.

TOTAL: -$14,412

This is a change of $3,093 and an increase of 18% net worth over last month.

Net Worth: August, 2019

Assets (+$25,641)

Bank Accounts: $13,546

Investments: $12,095

 

Liabilities (-$43,146)

Credit Cards: $687

Loans*: $42,459

*Sadie’s Student Loan, Kevin’s Student Loan and Car Loan.

TOTAL: -$17,505

This is a change of +$4,802 and an increase of 22% over last month.

Net Worth: July, 2019

Assets (+$24,043)

Bank Accounts: $12,067

Investments: $11,976

 

Liabilities (-$45,350)

Credit Cards: $1,914

Loans*: $44,436

*Sadie’s Student Loan, Kevin’s Student Loan and Car Loan.

 

TOTAL: -$22,307

This is a change of +$1,606 and an increase of 6.7% net worth over last month.

Net Worth: June, 2019

Assets (+$25,408)

Bank Accounts: $13,811

Investments: $11,597

 

Liabilities (-$49,322)

Credit Cards: $3,952

Loans*: $45,370

*Sadie’s Student Loan, Kevin’s Student Loan and Car Loan.

TOTAL: -$23,914

This is a change of -$342 and a decrease of 1.5% net worth over last month. This is the first month we spend more money than we made. it is also the month we paid for most of our wedding fees. We married in July and had been slowly making required payments and purchases over the previous ten months or so. However, many of the final payments were due one month before our wedding.  A minor bump, but a huge relief to be able to cash-flow most of our wedding costs while still saving and paying down debt.

Net Worth: May, 2019

Assets (+$24,107)

Bank Accounts: $12,797

Investments: $11,310

 

Liabilities (-$47,679)

Credit Cards: $1,359

Loans*: $46,320

*Sadie’s Student Loan, Kevin’s Student Loan and Car Loan.

TOTAL: -$23,572

This is a change of +$3,701 and an increase of 14% net worth over last month.

Net Worth: April, 2019

Assets (+$21,542)

Bank Accounts: $10,975

Investments: $10,567

 

Liabilities (-$48,815)

Credit Cards: $1,065

Loans*: $47,750

*Sadie’s Student Loan, Kevin’s Student Loan and Car Loan.

TOTAL: -$27,273

This is a change of +$6,933 and an increase of 20% net worth over the last month.

Net Worth: March, 2019

Assets (+$14,327)

Bank Accounts: $6,937

Investments: $7,390

 

Liabilities (-$48,533)

Credit Cards: $637

Loans*: $47,896

*Sadie’s Student Loan, Kevin’s Student Loan and Car Loan.

TOTAL: -$34,206

This is a change of +$4,118 and an increase of 11% net worth over last month.

Net Worth: February 2019

Assets (+$12,946)

Bank Accounts: $5,651

Investments: $7,295

 

Liabilities (-$51,270)

Credit Cards: $1,595

Loans*: $49,675

*Sadie’s Student Loan, Kevin’s Student Loan and Car Loan.

TOTAL: -$38,324

This is a change of +$3,416, and an increase of 8.2% over last month’s net-worth.

Net Worth: December, 2018

Assets (+12,946)

Bank Accounts: $5,651

Investments: $7,295

Liabilities (-$54,661)

 

Credit Cards: $3,314

Loans*: $51,347

*Sadie’s Student Loan, Kevin’s Student Loan and Car Loan.

TOTAL: -$41,715

Difference from previous calculation: 

Net Worth: November, 2018

Assets (+0)

Bank Accounts: $0

Investments: $0

Liabilities (-$0)

 

Credit Cards: $0

Loans*: $0

*Sadie’s Student Loan, Kevin’s Student Loan and Car Loan.

TOTAL: -$0

Difference from previous calculation: 

Original Net Worth Calculation: January, 2018

Assets (+8,390)

Bank Accounts: $1,294

Investments: $7,096

Liabilities (-73,525)

Credit Cards: $578

Loans*: $72,947

*Sadie’s Student Loan, Kevin’s Student Loan and Car Loan. 

 

TOTAL: -$65,135

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