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It’ s been 8 months since I’ve done a net worth update. That’s not 8 months since I’ve shared, it’s been 8 months since I’ve bothered to check for myself. Let’s see how I’ve done.

This is where I was sitting in January:

Assets

House: $255,400. Estimated market value according to the county tax assessor.

$255,400. Estimated market value according to the county tax assessor. Cars: $23,445. Kelly Blue Book suggested retail value for both of our vehicles and my motorcycle.

$23,445. Kelly Blue Book suggested retail value for both of our vehicles and my motorcycle. Checking accounts: $2,974. I have accounts spread across three banks.

$2,974. I have accounts spread across three banks. Savings accounts: $4,779. I have savings accounts spread across a few banks. This does not include my kids’ accounts, even though they are in my name. This includes every savings goal I have at the moment.

$4,779. I have savings accounts spread across a few banks. This does not include my kids’ accounts, even though they are in my name. This includes every savings goal I have at the moment. CDs: $1,095. I consider this a part of my emergency fund.

$1,095. I consider this a part of my emergency fund. IRAs: $11,172

$11,172 Total: $298,865

Liabilities

Mortgage: $33,978

$33,978 Car loan: $1,226. This will be paid off this month.

$1,226. This will be paid off this month. Credit card: $23,524. This is the next target of my debt snowball.

$23,524. This is the next target of my debt snowball. Total: $58,728

Overall: $240,137

Here is my current status:

Assets

House: $252,900 (-2500 ) Estimated market value according to the county tax assessor. If I lost $2500 in value this year, why are my property taxes up?

$252,900 Estimated market value according to the county tax assessor. If I lost $2500 in value this year, why are my property taxes up? Cars: $19,740 (-3705) Kelly Blue Book suggested retail value for both of our vehicles and my motorcycle.

$19,740 Kelly Blue Book suggested retail value for both of our vehicles and my motorcycle. Checking accounts: $1,342 (-1632) I have accounts spread across three banks. I don’t keep much operating cash here, so this fluctuates based on how far away my next paycheck is.

$1,342 I have accounts spread across three banks. I don’t keep much operating cash here, so this fluctuates based on how far away my next paycheck is. Savings accounts: $5,481 (+1156) I have savings accounts spread across a few banks. This does not include my kids’ accounts, even though they are in my name. This includes every savings goal I have at the moment. When I hit some of the goals, I will stop saving for them and redirect the money elsewhere.

$5,481 I have savings accounts spread across a few banks. This does not include my kids’ accounts, even though they are in my name. This includes every savings goal I have at the moment. When I hit some of the goals, I will stop saving for them and redirect the money elsewhere. CDs: $1,101 (+6) I consider this a part of my emergency fund.

$1,101 I consider this a part of my emergency fund. IRAs: $10,838 (-334) I lost $1500 recently. I wonder how that happened? Also, my company stopped the IRA program and I have procrastinated the heck out of setting one up independently. Bad, Jason.

$10,838 I lost $1500 recently. I wonder how that happened? Also, my company stopped the IRA program and I have procrastinated the heck out of setting one up independently. Bad, Jason. Total: $291,402 (-7463)

Liabilities

Mortgage: $31,118 (-2860)

$31,118 Car loan: $0. (-1226) Woo!

$0. Woo! Credit card: $20,967 (-2557) This is the current target of my debt snowball. It hasn’t gone down as much as I would have liked, due to $4000 in vision therapy bills.

$20,967 This is the current target of my debt snowball. It hasn’t gone down as much as I would have liked, due to $4000 in vision therapy bills. Total: $52,085 (-6643)

Overall: $239,317 (-820)

My big hits were obviously my house–whose value is subject to bureaucratic whimsy–and my rapidly depreciating cars. $4000 to a vision therapist didn’t help, either.

My debt goal is to have that credit card paid off by next August. $21k in a year on top of my mortgage isn’t crazy, is it? Since 4/15/2009, I’ve paid down $37,947.06. That is not the total of payments made, but the difference in total balances over that last 28 months. That means I’m reducing my total debt by an average of $1355 every month.

My savings goal is to boost that by at least $2500 over the next few months.

My immediate goal is to get an IRA rolling. I’m kicking myself right now for ignoring it for as long as I have.

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