PoP Balance Sheet – October 2013

Welcome to our October 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!

We had a solid month savings-wise even though expenses did run a bit high, and that contributed to an increase in our temporary cash position.  But much of the growth in our balance sheet this month comes from increases in our 401K and Roth IRA accounts, which seemed to go up and up, despite the government shutdown.

This month saw us pass the $600K mark for net worth for the first time, which seems pretty amazing considering at the end of December 2012 (so 10 months ago…), we were sitting at a little over $400K and wondering if we would make it to $500K in 2013.  Hurrah for bull markets, eh?

And in other exciting news, our mortgage balance now only has five digits.  That feels like “kindof a big deal”.

So for the month of October:

  • Our total assets went up by $18.8K
  • Our total liabilities went down by $2.0K
  • Net worth rose by $20.8K
  • Total net worth as of the end of October is $606.0K, which represents a 3.6% 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: $147.7
  • Roth IRA accounts: $123.0
  • Non-Retirement Stock Accounts: $0.6
  • Total Stock Accounts: $271.3

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

Cash Holdings

  • Checking Accounts: $9.5
  • Savings/Money Market Accounts: $13.8
  • Total Cash Holdings: $23.3

Total Assets: $706.1


Real Estate Loans

  • Primary Mortgage: $99.9  (just 5 digits!)
  • HELOC on Investment Duplex: $0.0 (re-advanceable)
  • Personal Loan – Used to Purchase $50K Duplex: $0.0  
  • Total Real Estate Related Loans: $99.9

Revolving Credit

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

Total Liabilities: $100.1

Net Worth = Assets – Liabilities

Net Worth = $606.0K up 3.6% from September


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

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