Net Worth Challenge

After reading several other personal finance blogs, I feel like I dodged a bullet in June. Many of my fellow bloggers reported net worth losses or simply break-even numbers. I feel lucky to be reporting a gain of $6,181.91 for the month; an increase of 3.54% to our net worth. It was business as usual for my wife and I during the month. I’m not reporting a drastic increase in expenses — and there is no increase in income during June.

Now July will be a slightly different story. I reported in my last post that I received a nice raise at work! I was hoping for a modest raise of 5% that would out-pace the rate of inflation, but I was given much, much more. While unexpected, the extra income will certainly be welcome. It didn’t take effect in June, but I will see the increase in my July paycheck. As a result, I went ahead and made an update to our 2007 financial goals, upping our end-of-year net worth goal.

I’m anxious to see how July will pan out.  But for now, here is the June 2007 update: