PoP Balance Sheet – May 2013

Welcome to our May 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!

A couple of weeks ago we had a bit of a preview to our May net worth when we checked in on our progress from one year of blogging, but things still managed to change a bit by the end of the month, so here we are.

As far as assets go, getting to the point where we’ve got more than $200K in primarily stock market index funds means that we feel the tremors of the stock market a little more acutely.  Or maybe I’m just noticing it more since I looked at the balance twice this month instead of the typical end of month check.  Either way, I was a bit disappointed that our stock account balances were lower at the end of the month than they were mid-month.  But that’s the way life goes, right?

For the month of May:

  • Our total assets went up ~$19.2K – and a lot of that was cash.  Cash is king, right?
  • Our total liabilities dropped by ~$1.2K.  
  • Net worth rose by about $20.4K this month.  
  • Total net worth as of the end of May is $514.1K, which represents a 4.1% increase this month.  

And for the details…



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.


Stock Accounts

  • 401K accounts: $118.6
  • Roth IRA accounts: $113.3
  • Non-Retirement Stock Accounts: $0.6
  • Total Stock Accounts: $232.5

Real Estate (based on current market comparable sales)

  • Primary Residence $186 – two nearby sales have gone pending that may change this soon…
  • Investment Duplex: $97
  • Investment Residential Land: $80 – a nearby lot has gone pending that might change this soon, too!
  • 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: $42.8
  • Total Cash Holdings: $51.8

Total Assets: $666.8


Real Estate Loans

  • Primary Mortgage: $102.5
  • HELOC on Investment Duplex: $0.0
  • Personal Loan – Used to Purchase $50K Duplex: $50.0
  • Total Real Estate Related Loans: $152.5

Revolving Credit

  • Credit Card Balance: $0.2
  • Total Revolving Credit: $0.2

Total Liabilities: $152.7 

Net Worth = Assets – Liabilities

Net Worth = $514.1, up 4.1% from April!

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