Net Worth Update: March 2010 – My Quicken Software is Live

Net Change: +$1,473.29

This was a really impressive month for me in terms of net worth. My net worth actually increased during a month where I paid nearly $4,000 in federal income taxes. (For an amount this large, I should probably allocate the liability by month, but I believe I’ll be do a much better job of forecasting my tax liability this year)

My income did increase slightly this month, as my company distributes annual bonuses in March. However, the majority of my net worth increase can be attributed to the stellar stock market performance during the past few weeks.

In terms of expenses, outside of my tax payment, the only other significant outflow was about $200 for hosting and the Thesis WordPress Theme I use on this website.

This is my very first Net Worth update in while, and the delay can be attributed to working as an independent consultant, moving to a new state, starting a new job, and the retirement of MS Money software. With all of that out of the way, and myself nearly complete in transferring over to Quicken, I’ll be making more frequent and detailed New Worth updates to track towards my goals.

It’s good to finally get an accurate snapshot of my financials. As a closet accountant, I secretly missed the tasks of downloading and confirming credit card transactions. In looking at my historical net worth chart, one of the things that strikes me is how my net worth changed from the time I got laid off until the time I got a new job. If you look at the ending values for the months of January 2009 and September 2009, my net worth increased +$48,381.12. Makes me think back to the dark times that were my unemployment and a stubborn post I wrote about overcoming it.

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