I have been blissfully in the dark about a lot of our financial information or a while. I knew approximately what we owed, but until recently didn't know exactly. ($17,424.02, if anyone cares.) So, as I sat down to redo the equity sheet today with real numbers and real information. I am an idiot. Our van is worth much more than I thought it was. I believed that we were easily $6,000 upside down. Reality? $1129.09
I have never thought about how much my household goods are worth. I seriously underestimated. I still don't know exactly, so I used the amount we have them insured for. The way we came up with that number is that we sat down and thought "Ok, if we have a catastrophe and had to replace everything, how much would it cost." We based the number on buying *most* things (exception like beds and underwear. lol) at yard sales and thrift stores, so I think it should be pretty accurate if I need to know how much I could sell things for. (Which I assume is what the value is?)
So, even though I have $6,500 in student loan debt (biggest mistake of my life) once we add cash, savings, and other *stuff* we still have a net worth of $17570.91.
Kind of scary for 36 and 35 in-two-days year olds, but not too bad considering that we don't own any property - and it is better than I thought. Now I just have to sell everything we own... Ha!
1 comment:
Sometimes that's a good solution in the end of things. Don't sell everything, of course. But a good yard sale will probably get you some gas money. Or selling your books to a used book store will earn you a surprising amount, especially if you have a lot of nonfiction books.
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