My Net Worth.
Prior to starting this blog I really haven’t put down my assets and liabilities down on paper to see how much I’m worth. As an author of a brand spanking new personal finance blog this seemed like a good idea. Here are my modest initial calculations -
* This was the listing price for the house when I first bought it 3 years ago - I was able to buy it for a lot less however :) Since I have no idea how much my house is worth right now (nor would I want to due to horrible market conditions) this seemed like a good starting point.
As you can see above the majority of my non-morgage debt resides in my student loans. Half of it consists of a low interest government loan at around 4.75% and the rest is a private variable interest education loan that ranges anywhere from 7-8.75%. I initially thought of re-financing the higher interest loan but now I’m planning on paying it off aggresively in the next 12 months.
My credit card debt is pretty low since I pay it off diligently every month when I get the bill. One of my goals this year is to start playing the 0% APR arbitrage game popularized by my more established and popular PF bretheren.
I’ve recently started contributing to my company retirement plan and enough to receive the company match. I plan on increasing my monthly contributions when my raise kicks in next month. I also plan on opening a Roth IRA in the next few months to supplement the retirement fund.
I currently have a $1000 emergency fund in a high-yield savings account in a different bank and it will continue to grow by auto-transferring $100 a month from my checking account.
And there you have it, my financial snapshot for the month of April.
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