Mid-Month Net Worth Updates

Mid-Month Net Worth Report: February 2018

Guys, I have been looking forward to typing up this report since I put together my very first Net Worth Report in July 2017.

If you follow my blog or have connected with me on Instagram, you already know why.

However, if you’re new to my site (welcome!), the reason I’m so excited about this report is that my husband and I became completely debt free including our mortgage at the end of January.

And before I go too much further, if you’re not familiar with the term net worth, here is the definition according to Investopedia – “Net worth is the amount by which assets exceed liabilities. A consistent increase in net worth indicates good financial health.”

Basically, your net worth is what you own minus what you owe.

This post may contain affiliate links.  Please view my disclosure policy for more information.

To calculate my own net worth, I use Personal Capital, a free and simple service that gives you the convenient option to link all of your financial accounts – bank accounts, investments, loans, mortgage, etc. – so that your net worth is instantly updated each time you log in.

I must say that it was a great feeling logging into their website to update this month’s net worth and close my mortgage account.

Now that my husband and I have no liabilities, below are the assets that add up to our current net worth.

  • Cash: $5,684
  • Investments: $75,364
  • House: $144,000
  • Vehicles: $8,024
Net Worth: $233,072 (+$7,544 from last month)

Net Worth - elliemondelli.com

I received a question on last month’s report about the value of our vehicles, as it looks like I have reported varying numbers in past reports. I may have calculated the mileage or condition of one of our vehicles incorrectly along the way. To prepare this report, I double checked our speedometers and below are the details that I used last night on Kelley Blue Book’s website to calculate the value of our cars and value of our motorcycle if sold to a private party.

  • 2005 Mercury Montego (fair condition; 124,248 miles): $2,859
  • 2008 Nissan Sentra (fair condition; 177,370 miles): $2,885
  • 2005 Suzuki Boulevard (good condition; 42,186 miles): $2,280

I’m not sure where I went wrong in previous reports, but I can assure you that these figures are correct.

If you’re not keeping track of your net worth, I promise it’s not as intimidating as it sounded to me when I sat down to put together my first report. Whether you use Personal Capital or put together your own spreadsheet, it’s pretty simple to do (unless you’re like me and calculate the value of your vehicles incorrectly!), and you’ll most likely wish you had started sooner.

I suggest starting now even if – no, I take that back – especially if your net worth is low or in the negative. It’s a great way to look back each time you update it on how far you’ve come.

See you soon!

P.S. – if you’re just getting started with taking control of your finances, be sure to check out my zero-based budget! It is my simple, real-time monthly budget that my husband and I use and update daily. Feel free to let me know if you have any questions!

Ellie Mondelli is 29 and calculates her net worth each month. This is her first report with zero liabilities now that she and her husband paid off their mortgage!


You may also like...


  1. […] February Net Worth Report […]

  2. […] Net Worth: $237,014 (+$3,942 from last month) […]

  3. […] Net Worth: $235,341 (-$1,673 from last month) […]

Leave a Reply