July Net Worth Update

As of the end of July our Net Worth increased to $824,751 from $802,376 for the month which is a 2.79% increase. The increase in net worth is tied to the nice increase for the stock market in July.

The breakout is as follows:
ASSETS
Retirement Accounts $413,703
Taxable Accounts $138,913
Cash $22,675
Home $205,000
Cars $7,600
Personal Property $3,000
Kids 529 Accounts $33,860

Here is the summary for this month:

The stock market was up around 7% for the month. The stock market had its first monthly gain since April. The market continues to be volatile get mixed messages from the economy on the state of recovery. The US economy still is showing signs of growth but the growth has been slowing.

We are still debt free since we paid off our credit card debt. We will continue to use our credit cards for rewards but payoff the balances each month. I received around $100 in dividends for the month and have used the cash from these dividends and $600 to make additional stock purchases.

We will be building up our cash over the next few months to increase our cash reserves. You can click on my Net Worth graph on the right to see the changes in each category from the previous month. We continue to fund our Roth IRA's each month.

I will post my Dividend Income Update on Tuesday.