March 2010 Net Worth – Effects of Furlough/Layoff

April 22, 2010 at 10:42 am (net worth)

I’m a little late in posting this, since it’s obviously way into the month of April, but I did put my March net worth together shortly into March. 

WordPress blogs won’t allow javascripting to be displayed, so I can’t show you the chart. Instead, you can view it here.

Assets:
  March ’10 Feb ’10 Difference
Cash $1,225 $950 $275
Savings $1,000 $1,000 $0
401K (current): $5,913 $5,399 $514
401K (rolled over): $43,354 $40,930 $2,424
Total Assets: $51,492 $48,279 $3,213
 
Liabilities
SBA: $28,762 $29,196 ($434)
Line of Credit: $0 $0 $0
Citibank: $0 $0 $0
Discover: $0 $0 $0
US Bank: $5,643 $5700 ($57)
Total Liabilities: $34,405 $34,896 ($491)
 
Total Net Worth: $17,087 $13,383 $3,704

If you’ve been reading any of my most recent posts, you’ve heard that my partner J is now unemployed and I have been having furlough days at work. Due to that, and other very large expenses for the new raised-bed garden we just put in to our new place (a rental), I have been paying very little towards debt. The only reason I have much of a gain is due to the stock market and my 401K.

I can already tell that I’ll be paying a large chunk of debt before May, so unless the market tanks (or even just backslides), I should continue to improve; my liabilities should reduce more like it’s supposed to in April.

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1 Comment

  1. Chitown said,

    You are doing great!

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