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.
Leave a Reply