Net Worth and Goals: July 2010 – Up 5.9%

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:

Our Net Worth chart is once again heading up and to the right. Woo hoo!

This month I finally got around to selecting a 529 College Savings Plan for Baby Frugal. We went with the Iowa College Savings Plan managed by Vanguard. Darwin’s Money has a great post on 529 plans and why he chose the Iowa plan.

Thanks to Mr. Frugal getting an unexpected cash bonus our Emergency Fund is 92% funded…92% baby! So close, so very close.

Here’s the breakdown:

Emergency Fund: +1752.58

Brokerage Accounts: -306.34

401K: +8718.54

College 529 Savings: +1.37

Boat loan: -301.67

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.

For a more detail you can check out our Net Worth report here.

2010 Goals:

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

UPDATE: 7.2 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.

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

College Savings Fund Establish a College Savings Fund for Baby Frugal.

UPDATE: As I stated above we chose the Iowa Plan. 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 150,911
• I am # 117 on the Wisebread 100+
• As of this week I am averaging between 60 – 80 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 just need to learn to write faster!

Today:

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

Be Sociable, Share!

•