Net worth tracker

Our long-term goal is to be financially independent. Do do this we need to pay off our mortgage and then increase our net worth to at least £250,000. We are a long way from this point but have to start somewhere, right?

Below is a summary of our net worth at the end of each month since we started this blog.

July 2017: £72,188

June 2017: £68,599

May 2017: £63,637 (note: the increase is due to including Mr Small’s personal pension for the first time this month)

April 2017: £37,996

March 2017: £35,952

 

NOTES ON OUR NET WORTH CALCULATION     

What our Net Worth includes:

  • Cash in the bank
  • Cash ISAs
  • Stocks and Shares ISA
  • Personal pensions (SIPPs)
  • Bank loans
  • Credit card balances
  • Home equity (purchase price less debt)
    • Value – purchase price (used as a prudent valuation)
    • Debt – estimated mortgage value from last statement date less amortisation

What our Net Worth does not include:

  • Jewellery
  • Cars
  • Defined benefit pensions
  • Bikes / sports equipment
  • Furniture
  • Electronics