Wednesday, June 30, 2010

Quarterly Networth & June 2010 Update

The financial news from Grace's house is so-so, both for the month of June, and for the quarter ending June 30th.

I reduced my total indebtedness by $819.55 (YAY!!) but a new roof for my rental home awaits (BOO! HISS!). That expense should hit sometime in July or August.

For the quarter, my net worth is down $4,464.75, but I'm still over the half-million mark at $557,635. The loss is a result of lower amounts as of this A.M. in my 401(k) and the static housing market in my Pacific Northwest city. I'm not so sure about the latter, however. I use values from Zillow which show my home to be worth $324,000. But that same website shows the house across the street to be worth $355,000 when, in fact, it sold this past week for $374,000. So my net worth may be higher than I think.

5 comments:

Anonymous said...

Yay decrease in indebtedness! Boo roof, but if you keep on track you'll pay that off too.

Don't worry about the 401(K) losses-- it will bounce back eventually... no sense in short term worries.

Keep up the good work!

Anonymous said...

Can you check your county auditor's website for the value of your house (and your neighbors', too!)

Sharon said...

Bummer about the roof! Isn't it always something?

Having over $500,000 net worth is great...is your house almost paid for?

You are doing great, Grace.

Grace. said...

2nd Anon--according to the county auditor, my home is worth $322,500 so it's pretty close to Zillow. I'm not planning to sell my home anyway, though I am always curious what the place is worth.

Sharon--my rental is fully paid for and my residence will be paid off in 4.5 years, the month I turn 65.

Did it MY way said...

Sounds like you have all your ducks in arow. Keep up the good work.

I still don't worry about money...do worry about crooked lawyers. lol

See Ya.