Inspired by others, here is my net worth to share. I was feeling kinda bad that it was so low, but I am going to focus instead on the positive - the fact that it is positive at all! It was a lot better before we paid DH's last tuition bill on the cc...but nowhere to go from here but up!
Checking and savings accts: $8950 ($7300 EF)
Investments: Sharebuilder - $2029
Roth (me) - $12,469
Roth (DH) - $7408
Total assets: $30,980
Liabilities: CC1 - $4897
CC2 - $920
other ccs - 0
student loan (me) - $6044
student loan (DH) - $15,145
car loan (DH) - $850
Total liabilities: $27980
Net worth: $3k
No house, so no mortgage either. DH is 29 and I am 28. I really hope to sock a lot more away in our Roths next year when he's working again. I'm glad we were able to get an early start on that as the past year and a half has been rough.
net worth
November 8th, 2006 at 03:37 am
November 8th, 2006 at 04:08 am 1162958894
November 8th, 2006 at 10:19 am 1162981184
Unless the CC balance is paid off in full each month, so doesn't get charged interest? Or its a zero balance transfer that is invested somewhere earning interest?
November 8th, 2006 at 01:00 pm 1162990823
November 8th, 2006 at 02:04 pm 1162994647
November 8th, 2006 at 02:22 pm 1162995777
November 8th, 2006 at 03:25 pm 1162999558
November 8th, 2006 at 03:27 pm 1162999667
Just did FrugalSon's networth - he's 20, works 2 jobs, lives at home. He's positive $8,414.69! YEAH FOR HIM!!! International Man of Finance!! Woo-hoo!!
Remember he's a squeaker and if I didn't force him to spend a little every now and again he'd have every dime he's ever made!! Liabilities are $834.00 he owes us for his truck. He did not start working until February 2005, so all he's done is since then - not too shabby for a kiddo! Bonus was he sold his first car for $1000.00 more than he paid for it!
Haven't done CashHappy's NW lately - he's not nearly so well off as he is rather on the spendy side, but we are slowly trying to turn him to think another way. His IRA is doing okay and he has some CDs, so he's getting there.
Neither one has a CC. They are picking up a debit card this week at the bank -we ordered them two weeks ago and they called and said they were in - sooooo, we'll see how that goes! Mom will be monitoring their usage.
Hard to save when he's not working Jodi, but sounds like ya'll are ready to hit the turn around stage. Keep plugging!
November 8th, 2006 at 06:19 pm 1163009958
just wondering, do you mind sharing what's in your investment strategy for ShareBuilder porfolio?
November 8th, 2006 at 09:00 pm 1163019634
I do know this much - we were investing $100/month into Sharebuilder, automatically every month buying a little more of one stock, picked by DH. Turned out not to be the best buy, despite paying dividends. We decided to stop the automatic deductions a few months ago as the $100 was more desperately needed in the here and now. I imagine we'll start doing more deductions again next year.