Starting today, I will have a monthly check-up of our financial check to see if we are moving towards our goal. I will perform a check-up of our financial state for the previous month that just ended on every 1st day of the month. But before I can do that, I have to establish a baseline for which we can compare our progress towards the ultimate goal.
Assets ( $1,001,700.00)
$ 90,000 combined 401k
$ 26,000 savings/emergency fund
$ 12,000 money market account for daughter’s college
$ 2,700 CD account for son’s birthday money
$850,000 home value ( 80% of assessed value from Jan 2008 )
$ 31,000 brokerage account
Liabilities ($584,188.52)
$545,000.00 mortgage
$ 11,034.10 credit card#1
$ 504.42 credit card#2
$ 27,650.00 car loan
