September 2011 Personal Net Worth

I’m a bit late in reviewing this past month’s net worth changes. We were actually out of town for a week and I just couldn’t find time to stop down for the review. Regardless, here are the numbers for September. As you can see, the stock market fluctuations continue to pummel our numbers. But there were some other items that changed that I need to tell you about.

Townhome – Our townhome saw a decent uptick this past month. The previous three month skid on it’s value has stopped and we’ve returned to early Summer levels. Not that you can put all your faith in a number from Zillow. But it’s nice to have stopped the bleeding there and hopefully we’ll at least stabilize in the coming months.

Mortgage – The mortgage itself saw a nice chunk taken out of it. This was because we took our refinance over-payment (approx. $1,300) and applied it straight to the principal. I’ve debated whether we should continue making extra principal payments, and for now we’re going to hold off. At least until we get a firm grasp on our income from the conference I just put on. Business income in general has remained steady, but the event I put on has a lot of moving parts.

Not much to talk about besides those things. Credit card spending was up, but as usual, will be paid off completely before the due date each month. Next month, we’re hoping to start an official “down payment” fund for our next house. More on that next month.



Last Edited: October 9, 2011 @ 10:30 pm
About Philip Taylor

Philip Taylor, aka "PT", is a husband and father of two. He created PT Money back in 2007 to share his thoughts on money and to meet others passionate about managing their finances. All the content on this blog is original, and created or edited by PT. Read more about Philip Taylor, and be sure to connect with him on Twitter, Facebook, or view the Philip Taylor+ Google profile.

Comments

  1. Thank you for open discussion and showing the results. It is what I have been trying to do with blog – keep it specific.

    Why are you looking for opportunity to buy second house? Rental income, in most of the occasions does not cover all expense & mortgage. Are you betting on houses prices go up again?

    • We want a second house so that we can have a yard, and extra bedroom, and an office for me. We will keep our town home as a rental. Since we just refinanced, our payment is low enough that in combination with our expenses, hoa, taxes, insurance, etc., we will still be cash-flowing a couple hundred each month. If we sold, we would lock in at least a $10k loss. We’ll try the landlord thing for a while and see if we like it. If not, we can always sell later.

      • That’s fantastic! I go back and forth with whether I’d like to try the landlord thing one day, but my townhouse doesn’t allow me to rent it so I guess it doesn’t matter lol.

        Remember for the next place you can always refi again and pull out some cash.

  2. Thanks for sharing. Doesn’t you car depreciate over time? How do you value the cost of your car? Do you use Kelly Blue Book? I looked at the value of my ten year old car. It has gone from $20k to $5k in those ten years.

    Are you paying interest on your credit card balance?

    • Good questions, Sun. It does. I’m going to recheck the value of the cars each quarter. So next month I’ll visit Edmunds.com and do a new valuation.

      The credit card balance is paid off in full each month. This net worth statement is a snapshot in time and that is the month ending balance that I havn’t paid off yet. Some have argued that I should just show $0 here, but I choose to show the balance to add more detail (i.e. effectively show my spending each month).