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Net Worth

April 7th, 2006 at 09:30 pm

Today I got my end of month bank statements, so I decided to make a statement of net worth. I made up a little Excel sheet and listed everthing.

House $130,000
Retirement savings $15,000
All other savings $4,666

Liabilities None

I wanted to see how much of an emergency nest egg I could count on, so I divided the $4,666 by my weekly benefit payment (173.29) and found out it would last over 26 weeks. I am thrilled. Of course some of the current savings is slated for spending on house repairs, holidays, etc, but I would postpone those if I were to suddenly lose my income. My goal is to beef up the amount specifically earmarked for emergencies: I want to have $5,000 in an online account. I also want $5,000 in my "freedom fund" for house repairs etc.

1 Responses to “Net Worth”

  1. Thrifty Ray Says:

    You'd be surprised how much less you spend when you don't have to travel to a job, dress for a job, etc...each day. That's great! sounds your well on your way to making your goals!

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