This past month has been incredibly busy on the work front and I’m pleased to say that I am finally getting my first vacation time off in over a year this month. While it is only a week, it will be nice to relax a bit and get caught up on things around here at The Money Sloth.
Due to a chaotic month of August, my spending was a bit higher than I would have liked and I’ll be digging into that in another post, but here let’s take a look at this month’s net worth update.
In August I reported a starting net worth of -$38,405 and a -$33,194 net worth in September, for an increase of $5,211 over the month. This is also a $15,034 increase since starting The Money Sloth blog in July!
Net Worth = Assets minus Liabilities
| Assets |
Amount |
Change from Last Month |
| Checking/Savings |
$37,943 |
+$1,015 |
| Retirement Accounts |
112,010 |
+3,949 |
| Taxable Investments |
15,631 |
+405 |
| Misc. (Gold/Silver/Cash/Collectibles) |
5,000 |
0 |
| Total Assets |
170,584 |
+5,369 |
| Liabilities |
Amount |
Change from Last Month |
| Credit Cards |
$5,622 |
$316 |
| Student Loans |
198,156 |
-158 |
| Total Liabilities |
203,778 |
+158 |
Net Worth = -$33,194
Change in Net Worth from last month: +$5,211
Total Change in Net Worth Since July 2020: +$15,034
During the month of August I saw an increase of $5,369 in assets, primarily from the growth of retirement account investments which are still heavily weighted toward gold and silver at the moment. The increase in liabilities of $158 is an increase in credit card balance at the time of this snapshot. I still pay my credit card bills in full, with the exception of two cards carrying 0% interest balances.