After a strong net worth increase in March, April ended up a little cooler. Now that I re-combined my “business” assets and liabilities with the rest of my finances, I’m looking at slightly different numbers than last month’s report.
My liquid accounts are down this month by 5.21%, thanks to a hefty tax bill. This year, I’ll be making small quarterly payments which will ease next year’s tax pain. My investments are up 5.97% thanks to contributions and a strong market.
Answers to Frequently Asked Questions.
* The report is made with Intuit Quicken and Microsoft Excel. Here’s a balance sheet Excel template.
* The credit card balance is paid off every month.
* My student loan interest rate is 4.25% and my savings account interest rates range from 4.5% to 5.05%.
Explanations and Details.
In terms of investments this month, I had $1,367 in deposits and $2,300 in unrealized investment gains. The deposits included 401(k) deductions and employer match, regular Roth IRA contributions, and payroll deductions for my stock purchase plan.
Nothing else in the report is out of the ordinary. When I set my 2007 goals at the end of last year, I didn’t predict the month I would pass $100,000 in net worth. I think I will pass the six figure level towards the end of June — if I don’t end up using cash for a down payment on a house by then.
Stay tuned for my income and expense report.
Published or updated May 2, 2007.