Tuesday, June 12, 2012

June 2012: $31,888 (–$5,250)

Bank accounts$20,605
Mutual funds$58,256
Pension savings$3,525
Student loan$–50,499
Net worth$31,888
Burn rate1,19 years

As I have planned for the last 18 months I bought a car last month, therefore the large decrease in net worth, making it the first negative month since May 2010. Allthough the car was bought with cash, I look at it more as a liability than an asset, so I will not include it in my net worth estimate. For the same reasons I don't include any personal belongings in my net worth (furniture, clothes, TV, computer etc.).