Net Worth

January Net Worth

On the first of the month, I’m going to start publishing our net worth. (This month was weird, cos ya know, New Years). I want to keep better track of where we are financially, and especially since we’re trying to hit zero day by September, tracking it carefully will, a) allow us to get there, and b) potentially give us an incentive to get there faster.

Loans. Total: -25,963.23

The dreaded student loans. I really do hate them, and I really do want them GONE! But such is life. They’re currently resting at a pretty $25,933.12 principle and $30.11 interest for a whopping total of $25,963.23, otherwise known as more than I’d like to pay. But considering they started just a bit more than $32,000, we’ve done really well.

401k. Total: +4,102.14

Currently, this is just my husband’s. I haven’t been fully vested into my company yet (although that comes soon!!), but I’m hoping these numbers will jump when I do and start putting 15% of my income towards retirement. In the meantime, my husband is putting in 15%, and his company is matching 3%, so we’re not doing to shabby there.

E-fund. Total: +5,800.00

So I was hoping to start 2019 with a much larger emergency fund than we have now. But when your car’s actuator dies, you buy a new one and have the wonderful car people repair it for you. It’s still not a great way to end the holiday. And the Element is starting to have trouble starting, which means this number will probably go down a little more before we can finally start making a dent in it. However, that’s what emergency funds are for. And eventually, we’ll put aside money specifically for car repair, but that would overcomplicate our budget right now, so we do the slightly less money savvy thing, and take it from here.

Adventure Fund. Total: +$932.00

This comes from odd money that we have, extra tutoring money, any thing we sell (we sell a lot of books), birthday money, and really, anything that isn’t salary. We’re saving up for two things. First, a 2-3 week trip to Europe in 2021. My sister is graduating college, and she’s always wanted to go to Ireland, so guess where we’re going: Ireland. We’re also stopping in Norway, England, France, and the Netherlands. Second, we’re moving to Chile (hopefully) in 2022, so any money not spent on the trip will then be rolled over to our next adventure.

Other Random Cash. Total: +1473.16

This is all the money that’s in our checking and savings accounts. It’s allocated to be spent on bills, mostly, and then any extra money (I never know how much PG&E is going to cost, so I habitually over-save), get shuffled over to our emergency fund. However, a thousand bucks isn’t petty cash, and so I need to include it in the monthly net worth post.

Overall Assets: +12,307.30

Overall Debts:  -25,963.23

Overall Total: -13655.93

Since this is the first post of it’s kind. I don’t have anything to compare it with. But getting rid of -13655.93 doesn’t seem too daunting to do in a year, especially since we’ll be attacking it from both sides. Debt repayment and asset building. Here’s to 2019, the year we reach a positive net worth!


  • Mistle

    You can def hit your goal of getting to zero! Debt is a beast to pay off at times but so rewarding when it is done. Also props on having other funds saved up!

    • Moriah Joy

      Thanks! It’s been such an insane journey to get to this point. But I’m so hoping we’ll be able to hit that positive net worth this year!

  • Felicia Renee

    Such an interesting post. I feel like people rarely talk about finances and debt, like it’s a taboo subject. I like that you broke down each aspect and gave details about it. Me and one of my friends talk about finances all the time and how to become debt free! Which is both of our plans to truly get a handle on our finances this year!

    • Moriah Joy

      Yes, it can be such a taboo topic, and I hate that! It’s one of my biggest pet peeves. Americans would be a lot more financially savvy if it were something that we could bring into polite company. Haha. I have a finance buddy, too. We probably know more about each other’s financial health than the average dating couple, haha. It’s so handy to have an accountability buddy, and even someone who’s willing to talk IRAs and 401ks, and random ‘boring’ adult stuff.

  • Tread Lightly, Retire Early

    Getting to zero this year seems TOTALLY doable! What’s the rate on your student loans? I love that you’re planning to contribute so much to your retirement accounts, but wondering why you aren’t just knocking those out first.

    • Moriah Joy

      4.19% is the average, so super low. I’ve been really struggling with whether or not to contribute at all, or less… but ultimately, we’ll get a better long run return if we invest in our 401ks now since we’re in our early 20s. I’m trying to attack our net worth from both sides and have more of a long term mindset, which I definitely am not good at, haha. I’ve always been a sprinter… And my husband thinks it’s important, so I want to honor that because he doesn’t generally have a ton of input. But I go back and forth. A lot.

        • Moriah Joy

          Exactly!! and in the long run, a few extra months of debt isn’t going to kill us… and we’re working so hard, that’s all it’d really be. And when we are debt free, we’ll have a positive net worth, instead of a zero net worth, and there’s something to be said about that too. I think his approach is smart… It’s just hard for me to follow since I want them GONE!!

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