Net Worth

Net Worth Update – September 2017

Earlier this year I started taking my finances seriously. I spoke about why here and spoke how tracking my net worth would be a key thing I’d start doing monthly.

I’ve been doing so for 6 months, since April – before I started this blog. I now want to start providing monthly updates to see how I’m doing.

September 2017 Update excluding home equity:

NW Sept

Including Home Equity:

NW Sept Home

I’ve been pleased to see these numbers be fairly consistent throughout the year. I was pretty shocked to see the initial Net Worth number, excluding home equity, be so low at just £4,190.

But this is very much the start of my journey, the main reason it’s so low is that my wife and I have over £20,000 of student loan debt still hanging over us. I’m not that worried about this figure as I’ll write about in a future post, but did factor it into the calculations.

The Net Worth including home equity was a lot healthier. The reason it’s increasing a lot more than without the equity is our fairly sizable, £1,500+, mortgage as well as the fact our London flat has been ticking up in value, over £10,000 in the period according to Zoopla.

I will be providing updates to my net worth each month to see how things are going and to remain accountable to these numbers continuing to increase.

 

Until next time,

Cam

Please follow and like us: