As of April 7 , 2014, we are $442,816.67 in debt (that includes the mortgage). Without the mortgage, we’re at $26,316.63 in debt. This includes student loans and an auto loan. We currently have $1,032,580.20 in assets (including our house). Our retirement accounts are at $365,835.09. Our Net Worth is $589,763.53 (includes house and mortgage), up from $589,707.81 last month – barely (0.51% increase).
This month was relatively flat in the investment area. We went up by about our contributions, and that’s it. Our assets went down – mostly our estimated house value (through Zillow). I updated our vehicle values, and they seem to keep increasing (just by a little, but huh?). I suspect that they will eventually decrease, but they’re Toyota and Honda, both manufacturers which tend to hold their value pretty well. I’m not sure Dad’s 14 year old Accord will change value much at all anymore.
Dad’s new paycheck deduction is leading to us contributing just over $3200/mth to our investments. Later this year, we’ll be increasing my contribution higher, so I suspect that we’ll beat our estimated contributions for 2014 rather handily. Fingers crossed!
I earned some money selling on craigslist this month – $350 for three things – and finally got my old Cobalt Flux dance pads out of the house. Next on the list is some furniture in the TV room.
Technically, our mortgage payment is decreasing next month as well (less escrow), and since I send a fixed rounded amount to the bank, we’ll end up paying about $15 more on the mortgage principal every month. Next year, I should get a handy “rebate” from our escrow analysis since I lowered our insurance payment and that new estimate was not included in the analysis.
I’m getting very excited to pay off the larger (higher interest) of the two student loans remaining. When I come across “extra”, I’ve been trying to put it towards the loans.
Debt (in the order we’re paying it down):
- Line of credit (8.75%): $0.00
- Chase (4.99% for life): $ 0.00
- Student loans (aggregated 5.32%): $8,226.63 (-1,068.13)
- Car loan (0%): $18,090 (-490.00)
- Mortgage (4.125%): $ 416,500.04 (-680.74)
Total paid off in March: $2,238.87