March 2015 net worth update

Stealing this chart and breakdown from Leigh’s Financial Journey, because I adore how she tracks her networth (and man she’s doing amazing worth saving 80% of her income per month! Inspiring!)

Annual Networth Progress (Goal $400k)

31-Dec-2014 28-Feb-2015 31-Mar-2015 MoM YTD
cash -$2918 $10,646 $10,844 +$198 $13,762
investment (taxable) $144,021 $150,883 $150,096 -$787 +$6075
IRA/401k/hsa/529 $158,971 $166,019 $165,032 -$987 +$7048
net worth $299,894 $327,548 $325,972 -$1576 +$26,078
$ until FI ($2M) $1.7M  $1.67M $1.67M

March didn’t look that great on paper, but really the market was just doing really well in February so a lot of those gains pulled back a bit. I haven’t been very heavily investing in the first quarter of the year as I’ve bene saving an emergency fund in case I lose this job. I’m expecting to be in the job until at least June 30 and likely until Oct/Nov, but that could easily change and be sooner. I need to be prepared.

Overall the year is going quite well. I’m still on track (though I had been hoping to be ahead of target since Feb concluded at my quarterly savings goal. My focus now is really on the next three months – saving as much as possible. If it turns out I get to the end of June and I’ve saved $50k, I can still feel good about that as typically my annual savings/interest goal is $50k. This is just the first year I’m trying to save $100k for the year — which is still somewhat do-able if I were to stay in the job until Dec 31. Honestly, the best thing would be to stay until February so I can max out next year’s 401k, and then figure out next steps. But that’s a long time from now and anything can happen.

I really want to see April end with $10k increase in my account, or $335k. This is possible if the stock market goes up since I’m also putting 80% of my paycheck in April into my 401k (I haven’t put anything into my 401k yet this year.) Furthermore, I just did my taxes and am actually getting $1k back this year. My stretch goal for April is getting to $340k, leaving just $60k for the remainder of the year to save – so this is a very important month. Wish me luck! 🙂

(Visited 6 times, 1 visits today)

Related Posts:

One comment

Leave a Reply

Your email address will not be published. Required fields are marked *

CommentLuv badge