PoP Balance Sheet – November 2013

Welcome to our November 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!

Despite the high spending month, we still managed to do alright on the balance sheet.  (How many more times am I going to have to say “yay for Bull Markets”, PK?)

There were only a couple items of note:

  1. We marked the value of the cars down (as we do every 6 months according to KBB).  This reminder that these depreciating (and expensive to maintain) assets are still on our books makes us both eager for the Q1 Car Challenge
  2. We added Mr PoP’s HSA account to the balance sheet.  Now that we’re officially treating it as an investment account instead of a seldom-used reimbursement account with a small balance, it felt right to track it here even though it’s still small.  

So for the month of November:

  • Our total assets went up by $12.0K
  • Our total liabilities went up by $1.6K
  • Net worth rose by $10.4K
  • Total net worth as of the end of November is $616.4K, which represents a 1.7% 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: $152.8
  • Roth IRA accounts: $125.3
  • HSA account: $4.6
  • Non-Retirement Stock Accounts: $0.6
  • Total Stock Accounts: $283.3

Real Estate (based on current market comparable sales)

  • Primary Residence $215
  • Investment Duplex: $97
  • Investment Residential Land: $80
  • Total Real Estate: $392.0

Cars (values from Kelly Blue Book)

  • Car 1: $7.4
  • Car 2: $9.7
  • Total Cars: $17.1 (a significant drop in the last 6 mos.)

Cash Holdings

  • Checking Accounts: $11.9
  • Savings/Money Market Accounts: $13.8
  • Total Cash Holdings: $25.7

Total Assets: $718.1


Real Estate Loans

  • Primary Mortgage: $99.4
  • HELOC on Investment Duplex: $0.0 (re-advanceable)
  • Personal Loan – Used to Purchase $50K Duplex: $0.0  
  • Total Real Estate Related Loans: $99.4

Revolving Credit

  • Credit Card Balance: $2.3
  • Total Revolving Credit: $2.3 

Total Liabilities: $101.7

Net Worth = Assets – Liabilities

Net Worth = $616.4K up 1.7% from October


How’s everyone else’s balance sheet looking this month?

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