June 2007 Net Worth Snapshot

June had its ups and downs and the market didn’t perform so well, but we managed to pull out a 2.3% net worth increase of $1,355.06 bringing out total net worth up to $59,331.16

The exciting news for June is that we paid off the last $595.53 of my wife’s car loan. Both of our cars are paid off and we no longer have any liabilities (other than the mortgage). We have some upcoming expenses, but after that, we’ll be able to use the money we have been putting to her loan toward rebuilding the emergency fund.

In the beginning of June I had hoped we could cross the $60k mark, but as the market struggled I began to worry a little that we would end up with a decrease in net worth for the month, so I was glad when all was said and done that only my brokerage account and roth IRA had losses, and of only $150.

Guess we’ll have to break $60k in July.

Since we are half way through 2007, now is a good time to look back on the progress you’ve made and make any necessary adjustments for the next half of the year.  You may want to check out my 6 Ideas for your Mid-Year Financial Checkup.

So far in 2007, our total net worth has increased 29.81% and $13,626.00, and we are on target to hit our $70,000 goal by the end of the year.