As of the end of December our Net Worth increased to $914,573 from $876,663 for the month which is a 4.32% increase. The increase in net worth is tied to the increase for the stock market in December. The total of $914K is our all time high for net worth.
The breakout is as follows:
Retirement Accounts $481,769
Taxable Accounts $133,900
Personal Property $3,000
Kids 529 Accounts $37,904
Here is the summary for this month:
The S&P 500 returned 6.6% for the month of December. The US economy continues to show signs of slow growth.
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 $200 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 Wednesday.