PoP Balance Sheet – June 2013

Welcome to our June 2013 Balance Sheet!

We use the structure of a monthly income statement and balance sheet in tandem to make sure we are keeping our expenses low and planting our pennies wisely. If you’re not already tracking your finances using these two methods, go to mint.com and get started today! If you have any questions about how we do this just post a comment and we’ll be sure to help!

I’m not going to lie.  I’m actually pretty surprised that with everything that went on in June we still managed to have growth in our net worth for the month.

Going into the month, I knew that maintaining cash flow and the savings rate we like would be a challenge, and add to that a pretty volatile (and slightly down) month in the stock market, I mentally prepared myself for the our first month of a decline in net worth since we started posting it here.  But somehow the market rebounded a bit, Mr. PoP signed some new tenants, and we eeked out a gain.

For the month of June:

  • Our total assets went up ~$5.4K 
  • Our total liabilities went up (oops wrong direction!) by ~$1.2K.  (No biggie, just a function of when we paid off the rewards card balance.)
  • Net worth rose by about $4.2K this month.  
  • Total net worth as of the end of June is $518.3K, which represents a 0.8% increase this month.  

And for the details…

dyerware.com


dyerware.com


Why do we look at our assets and liabilities split up this way? For us, it’s an easy way to look across all the different categories of assets and see which ones we have equity in, and how much equity. If the Assets bar is taller than the Liabilities bar, that’s equity in that asset class.

Assets

Stock Accounts

  • 401K accounts: $121.4
  • Roth IRA accounts: $111.2
  • Non-Retirement Stock Accounts: $0.6
  • Total Stock Accounts: $233.2

Real Estate (based on current market comparable sales)

  • Primary Residence $186 – expect an adjustment here soon, waiting for 1 more sale to become public record for new comps
  • Investment Duplex: $97
  • Investment Residential Land: $80
  • Total Real Estate: $363.0

Cars (values from Kelly Blue Book)

  • Car 1: $8.2
  • Car 2: $11.3
  • Total Cars: $19.5

Cash Holdings

  • Checking Accounts: $9.0
  • Savings/Money Market Accounts: $47.5
  • Total Cash Holdings: $56.5

Total Assets: $672.2

Liabilities

Real Estate Loans

  • Primary Mortgage: $102.0
  • HELOC on Investment Duplex: $0.0
  • Personal Loan – Used to Purchase $50K Duplex: $50.0
  • Total Real Estate Related Loans: $152.0

Revolving Credit

  • Credit Card Balance: $1.9
  • Total Revolving Credit: $1.9

Total Liabilities: $153.9 

Net Worth = Assets – Liabilities

Net Worth = $518.3, up 0.8% from May

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