Net Worth Update – April 2016

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Welcome to my monthly net worth post for April, 2016. Each month, I post a complete breakdown of my net worth, along with a chart showing the progression of my net worth since the start of this blog. Posting my net worth helps keep me accountable for what I do with my money, and motivates me to make better choices and push to reach new goals. You can see previous net worth updates here

April was a huge month for me financially: It was the month that I officially became debt free! I had to pull some cash out of savings in order to make that happen, but I decided getting rid of my car loan was more important than having a larger emergency fund. Not to worry, I’ve already started building the fund back up!

April 2016 Net Worth:

Net Worth update as of April 30, 2016.
Net Worth update as of April 30, 2016.

As far as April goes, paying off the car loan was more of a “shell game”: It didn’t affect my net worth overall, it just moved the things from one row to another (less cash, less liability). From here on out thought, it should have a positive effect, as I won’t be paying anymore interest. It isn’t a huge amount, but $30-40 each month still makes a difference! And I’d rather have that money in my own pocket than in the bank’s.

I saw a net worth increase of $1,799 in April. It’s weird having so few categories that make up my net worth, now that I’m debt free. In the short-term, most of my growth should be in my “liquid assets”, as I’m growing my emergency fund back up. From there? I definitely need to concentrate more on my retirement accounts.

Net Worth Progress Chart:

Monthly Net Worth since the start of this blog (February 2013).
Monthly Net Worth since the start of this blog (February 2013).

I’m excited to see how the rest of this year plays out. Aside from a few vacations, I don’t expect any large expenses, so those monthly numbers should continue going up. Just the way I like it!

  • Cindy W.


  1. Congrats for being debt free. Love those green bars going up up up.

    1. It is a great feeling to be moving in the right direction. Excited to see how things start rolling along now that I’m debt free!

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