Ms Frugally Ugally’s Net Worth: January 2018

Free Clipart: Money - banknotes and coin | n_kamil

Hello, everyone! I apologize for the delayed update…because life. Anyway, I wanted to take the time and do a quick net worth update. The market during January has been outstanding with the exception of the past few days! I’m actually hoping these last few days are the start of what will soon become a market correction. Frankly, I’d rather have a small recession now than have a big one of the likes of the 2008 recession a few more years down the road, but that’s just me. Anyway, on to my net worth balance! See below.

Current Savings:
T Rowe Price 401k: $20,009.17
Fidelity 401k: $13,766.67
Roth IRA: $7,016.84
Brokerage: $8,362.36
Savings: $21,292.05
January 2018 Total Net Worth: 70,447.09
December 2017 Total Net Worth: $66,330.32
November 2017 Total Net Worth: $63,350.45

As you can see, my net worth has increased by a whopping $4,116.77 which is SUPER awesome! I realize it is February 3rd so technically this update is including a few days of February but whatever…this is the earliest I could do this update. I expect February and March to be a bit on the bare side since the way my work schedule is working out, I may not have a lot of income those two months. You know, I just realized I’ve said that about the last 2 months and I’ve somehow managed to make it work and still increase my net worth. I guess I have a “hope for the best, but plan for the worst” mentality.

I’ve also considered putting more money from my savings account into either my Roth IRA or Brokerage accounts but I guess I don’t really NEED 21k in my savings account. But I did the math and with an averaged 8% return a year, putting 10k from my savings into the retirement accounts will only allow me to retire 4 months earlier. Although that is nice, I’m not sure I’m willing to risk ease of access and mental comfort for just 4 months worth of extra early retirement. Stay tuned for more updates!


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