Net Worth Update: May 2010 (+$297)

Squeaked one out in the end.

Seeing as this is week old data and the markets have gone down (along with my net worth) nearly 5% over the past week, I dunno, it would seem silly to celebrate.

Anyway, the numbers are all over the place in this update and I honestly didn’t expect my net worth to grow so I suppose it is good news.

I spent a lot of money in April (spending report coming soon) and didn’t make as much either so, well, a win is a win, right?

Here’s the breakdown:

Cash:
I went past my self-imposed $1000 floor. My bank doesn’t charge me fees for having a balance under $1000 but I just don’t like having so little in the tank, you know?

Savings:
What happened? All year this has been growing by over $1000 each month and now this?!

Well, like I said — I spent a lot in April. So much so that I had to tap into savings. Yep, it was bad.

Gov’t Bonds:
Because these have been “paying” so much better than any savings account out there, I purchased an additional $700 worth of I-Bonds right at the end of the month guessing that the fixed rate would go down on May 1.

I was right.

And now that the markets are tanking (for the short term I’m guessing), I feel even better about this move.

401k:
Oh man… After this past week, it’s almost funny to see that it went up that much in April. I like to think that I’m still on course to eclipse the six figure mark this year but with all of the uncertainty turning for the worse of late, I’m not so sure.

Home:
Eh, whatever. I just hope the appraisal comes in around this number…

Auto 1 & Auto 2:
They still run and they’re not costing me anything. Can’t complain!

Credit Cards:
Yep, you read that right. I have a credit on my credit card.
It all stems from that sneaky exchange I made at the GAP a couple of weeks ago.

I wonder how that’d effect my credit score?

Auto Loans and Other Loans:
Zilch. Zero. Nada.

Mortgage:
Well, this could be the last month where I make this kind of progress for a few. With the re-fi in progress, I’ve put a halt to my weekly principal payments and I’m not longer an entire month ahead on my mortgage bill either.

If the re-fi goes as I hope, my new mortgage balance will be around $96k (cause the closing fees are getting rolled into it), which sucks because it’ll feel like I’m going backwards — even though I’m not. It’s one of those fuzzy math things…

If it doesn’t go through, well, I’ll hop back on the train and start up my weekly extra payments again and get myself right back on track and continue to be angry about PMI.