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Net Worth Update

June 8th, 2008 at 02:18 am

Since I started tracking our net worth I have become more accurate and regular with the updates. The month of June will be the first month that I am able to compare my current net worth with 1 year before. I am happy to report that my net worth has increased by 10,788 EUR since 1 year ago! However, I do know some of this increase can be attributed to me including some additional categories into my net worth calculation. It still feels good to have increased my net worth by 5 figures, especially since I know that we only got serious about increasing our net worth at the beginning of this year and the majority of the progress has been over the last 6 months.


Another mile stone reached this month is we have officially earned more than 40EUR interest on the money we have saved up. So we are on the road to earn more interest this year than last year. This is mostly due to the higher interest savings account I opened at the beginning of the year and the additional savings amounts. The total projected end of year interest on that savings account, if the amount saved remains the same until the end of the year is 124.00 EUR. That means we are currently earning about 50 cents of interest a day on that account until the end of the year.

If I manage to met all the financial goals I set for us at the beginning of the year before we get to December, I'll increase my savings goal. For now I'm just going to try and keep us focused.

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