Net Worth and Goals: August 2010 – Down 1.2%

Each month I provide an update on how we’re tracking toward our goals. I break it down between Net Worth and Goals for the year.

Net Worth:

Not much to report this month. We’re slightly down which was largely the 401k. We also dipped into our Emergency Fund to pre-buy a supply of propane (used to heat our house) to take us through the winter. By doing so we were able to lock in a rate of $2.10/gallon, last year we paid as much as $2.75/gallon. So while it looks like we took a hit to the Emergency Fund, we’re saving around $300 and I don’t have to stress about propane rates skyrocketing.

Here’s the breakdown:

Emergency Fund: -798.05

Brokerage Accounts: -158.15

401K: -1662.93

College 529 Savings: -45.80

Boat loan: -268.11

Note: Although I include our vehicles and boat in our net worth, I don’t reassess their value each month. I value them conservatively using Kelley Blue Book and update once or twice a year.

2010 Goals:

Emergency Fund Set aside 8 months living expenses in Emergency Fund ($25K)

- 6.9 months saved

Pay down debt Add $130 to boat payment. This alone will shave 5.5 years off the loan and save nearly $12,000 dollars in interest.

– Completed! Now the goal is to pay this off next year and then we’ll be debt free!

College Savings Fund We deposited $1000 this year. Next year we’ll start auto payments of $100/month. Once we pay off our debt we’ll bump it up to $250/month.

Personal Finance blog

Revised Goals (As of April 2010)

• Post 4-5 times a week
• Break 100K in Alexa by the end of the year – I will need to move an average of 520 places a day to achieve this.
• Average 10K visitors per month – I think this is achievable but requires that I more than triple my readership.
• Increase my Google page rank to 3

When I joined the Yakezie Challenge on March 10, 2010:

• My Alexa ranking was 3,989,292
• I was not listed on the Wisebread 100+
• I only received a handful of visitors each day
• My Google page rank was 0

July 2010:

• My Alexa ranking is 177,461
• I am # 120 on the Wisebread 100+
• 90 – 120 visitors a day
• My Google page rank is 1

Update: I’ve started posting again but not regularly. I wish I could say I’ll be getting back to a regular routine, but my son changes so much every week. He’s now awake more during the day which means even less free time. I need to learn to write faster!

Today:

• My Alexa ranking is 184,724
• I am # 129 on the Wisebread 100+
• As of this week I am averaging between 120 visitors a day
• My Google page rank is 1

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