May Net Worth

As of the end of May our Net Worth decreased to $965,562 from $982,002 for the month which is a 1.67% decrease. The decrease in net worth is tied to the decrease in the stock market for the month.

The breakout is as follows:
ASSETS
Retirement Accounts $516,140
Taxable Accounts $146,553
Cash $26,912
Home $205,000

Other Real Estate $137,500
Cars $6,400
Personal Property $3,000
Kids 529 Accounts $41,636

DEBT

Other Mortgage $111,939

Credit Card $5,640

NET WORTH

$965,652

Here is the summary for this month:

The stock market was down for the month of May. The S&P 500 was down around 2% for the month and that accounted for most of our decrease in value.

We now have $5,640 in credit card debt that is interest free for 12 months. The money was used to furnish our new investment condo. We will continue to use our other credit cards for rewards but payoff the balances each month. All dividends received this month went toward paying down debt.

We will be paying down debt and trying to 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 Thursday.