Back at the beginning of the year, I tried to figure our net worth and found out how complex it is.  The figure I came up with (ballpark) was $27,500 estimated two months ago.  I’ve done a little reading and a little thinking about the subject, and have decided to go conservative and ultra-conservative on this subject.  So, here goes LOL

• House:  The most conservative figure, using total mortgage minus amount still owed ~$9,000  This is assuming absolutely no property appreciation in the past seven years.
• Hubby’s truck: Value still dropping like a rock, down to approximately $13,000 but paid off as of last week!
• My car: no noticeable change in value, at eight years old it’s done the majority of its depreciation and still sits at approximately $4,000
• The little Ranger, our “spare”: still worth $1200, considering it’s older than my son its value isn’t going to move unless it doesn’t.
• Emergency fund: $2,000 with my deposit I’m making this afternoon.
• Hubby’s military e-fund: Yes, he has his own emergency fund, and currently has about $900 in it.
• Hubby’s TSP (Thrift Savings Account): Up to approximately $2,000
• My Roth IRA: Still under $500, and still feels like it is backpeddling.

All this for a grand total of $32,400 estimated net worth.  It sounds small, until you note it went up by $5,000 in two months!  LOL If I could keep that pace up I would be rich in no time.

Of course, what I don’t like about these figures is that most of our net worth is tied up in vehicles, one of which is still in its major depreciation mode.  I can understand why some folks don’t count them in their net worth, but right now it accounts for over half of our net worth.  EEEK!

The good news is: we are going to make major changes to where our net worth is concentrated in the rest of this year.  By summer our emergency fund will rival hubby’s truck in value, and unlike hubby’s truck (well, it IS a Chevy) our e-fund will earn a little interest and grow a tiny bit.  After we get the e-fund up to a nice round $11,000 we will begin hitting the investments and beefing them up a bit.

It should be quite interesting to see how these numbers change by year’s end :)  And here’s how a few of my blogging buddies did:

• Pinyo at Moolanomy
• Madison at My Dollar Plan
• Single Guy Money