Total net worth
This is a sum total of all the liquid assets, investment assets minus all the debt, which is our mortgage loan. Property value is not included.
Beginning of year balance (Saturday, January 14, 2017): $90,120.35
End of year balance (Saturday, December 16, 2017): $163,332.47
Net Change: +$73,212.12
Percentage Change: +81.24%
Liquid net worth
This includes a total of all the liquid accounts.
 |
| Liquid net worth change |
Beginning of year balance (Saturday, January 14, 2017) - $161,230.18
End of year balance (Saturday, December 16, 2017) - $44,321.82
Net Change: -$116,908.36
Percentage Change: -72.51%
Paying off the mortgage is the reason why our liquid net worth is low.
Investments
This includes change in value of investments in 401k, Roth IRA and taxable accounts at the end of the year.
 |
| Investments through 2017 |
Total invested (Saturday, December 16, 2017): $100,354.41
Total value of investments (Saturday, December 16, 2017): $115,376.71
Change: +14.97%
Debt
2017 is a wonderful year where we paid off our house and eliminated all debt.
Saturday, January 14, 2017: -$124,913.24
Saturday, December 16, 2017: $0
Change: Debt eliminated!
Total Expenses
Total expenses in 2017 are insanely high because I am counting the mortgage pay off as an expense.
2017 Total expenses: $144,977.76
2017 Total expenses (without mortgage pay off): $19,797.58
2016 Total expenses: $32,385.66
2016 Total expenses (without mortgage payments): $19,530.03
Change: +347.66%
I think the interesting thing here is that we are able to live on less than $20,000 per year if we don't have a mortgage, and this includes home insurance and property taxes.
Food
2017 groceries and eating out: $3,226.18
2016 groceries and eating out: $2,688.83
Change: +19.98%
I am not sure how we spent almost $600 more in 2017 compared to 2016...I am going to keep a close eye on this in 2018.
Computer related expenses
2017 computer expenditure: $1,456.29
2016 computer expenditure: $2,149.85
I am kind of surprised that I spent over $1,400 on computer related expenses, and this number is kind of high considering I did not build a gaming machine in 2017. More than 50% of the expenses is for one item - the MSI 1080Ti. I really need to take it easy with computer related purchases in 2018.
Change: -32.26%
Video game purchases
2017 video game purchases - $222.60
2016 video game purchases - $179.50
I said I intended to keep the game purchases low in 2017, and I failed at it. Considering the Steam backlog I have, I really shouldn't be buying any more games until I finish a significant portion of it.
Change: +24.01%
Unplanned big expenses
2017 Unplanned big expenses: $348.00
2016 Unplanned big expenses: $3361.27
Fortunately, 2017 has been kind of us in terms of unexpected expenses. I am hoping it will be the same in 2018!
Change: -89.65%
Conclusion
My financial goals for this year include maximizing 401k, Roth IRA and HSA. and budget for fun, so that I can spend money guilt free. Overall, I am very happy with the progress we made in 2017.