Welcome to our personal net worth update for November 2019!
November 2019 ended up being another great month for us.
Check out our numbers below.
Reminder: Personal Net Worth = Assets – Liabilities
To calculate net worth, we subtract our total liabilities from total assets.
Now let’s get to this month’s personal net worth numbers!
November 2019 was another good one for the Money Savvy family!
Overall, our assets increased by 2.6%. We also lowered our liabilities by another 0.3%.
Since our October 2019 net worth update our overall net worth has increased by $12,579.25.
Take a look at our breakdown below.
Assets and Liabilities Breakdown
- Cash: +16.25%
- Home Value (Zillow Estimate): +1.17%
- Investments: +3.96%
- Mortgage : -0.01%
- Student Loan Balance(s): -1.71%
- Credit Card Balance: +235.09%
- Auto Loan: -2.59%
Personal Net Worth Update November 2019: What Happened This Month?
Our cash amount continues to rise. This is the third straight month of cashflow positive. Our spending over the summer was slightly higher which is why it was negative for a bit.
Also, we need to be more aware of our cash amount going forward and making sure we have a nice buffer due to tax season coming up soon. I have a feeling we will be owing on taxes due to all of our side hustles and freelancing income.
Other Cash Related things
Zazzle pulled in $107.51 cash this month!
Check out our November 2019 Zazzle income report here.
FREE Financial Money Map
Our home value went up a tad this month, with a slight increase of 1.17%.
Reminder: I use the Zillow Estimate as my guide. I plug in whatever number they determine our home is worth at that given point in time.
I am still evaluating better ways to keep track of this.
Our investments had a good month in November. A few of our individual stocks continue to do well.
Overall our Investments were up 3.96% for the month of November.
Just as a reminder, our investments include:
- Wife’s taxable Robinhood account
- Wife’s Roth IRA
- Daughter’s 529 savings plan
- My taxable Robinhood account
- My taxable E-Trade account
- Roth IRA
- Wife’s 401k
Our total mortgage basically has not decreased this month. This is due to me calculating out this net worth update a day earlier than typical and our mortgage payment hasnt gone through yet. It’ll likely come out in the next day or two so next month you’ll likely see our mortgage section decrease by double compared to a normal month.
Related: 4 Simple Steps To Build Wealth
Student Loan Balance
Our student loans have decreased by another 1.71%.
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Credit Card Balance
Our credit card balance is up 235.09% this month compared to last month. This looks skewed but know that I will be paying them all off early next week.
Reminder we ALWAYS pay our credit cards in full and on time.
We put EVERYTHING that we can on our credit cards to maximize our cash back rewards. We call this credit card roulette.
Check out the Discover It Credit Card here – This is one of our favorites!
My wife’s auto loan dropped 2.59% this month.
We have a 48-month lease on it with 37 months to go.
The interest rate is pretty low. Instead of paying the loan off sooner, I feel the money can better be utilized in the stock market. We may revisit this in the future and just pay it all off. We’ll see..
November 2019 Personal Net Worth Summary
November 2019 was a good month overall.
As I said a few months ago, I have made it my personal goal to wipe out all of my wife’s student loans and the remainder of her auto loan by the start of the New Year.
Stay tuned to see how we are doing come the end of December.
If you are new to our updates – there are a few items to note for our net worth calculations:
- I do not include the value of “depreciating assets” in the calculation: Cars
- Our life insurance policies are not included in the calculation (some people will include this)
- I use Personal Capital as an easy way to track a majority of these categories.
YOU CAN TRY PERSONAL CAPITAL FOR FREE HERE -They are currently giving $20 Amazon gift cards for signing up.
I look forward to continuing to share these monthly updates with you, along with the various resources and tools we use!
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About The Author
Chris is the founder of Money Savvy Mindset, a blog about personal finance and financial independence. He is also a pharmacist and business owner who has paid off over $100,000 of student loan debt in 5 years. He helps others learn about side hustles, passive income, saving more money, and paying down debt. Click here to learn more.
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