Thanks to a random drop in the Zestimate of our house, our net worth plummeted this month: we’re down $2848 to a paltry $2873. I have a feeling that number may go back up by next month, however, as the house on the corner of our block just listed for double what ours is currently worth. (Although it’s a single, it has no more square footage than our row.) Also, because I calculated our net worth later in the month (June 11) when we had more positive cash flow, our numbers were a bit skewed.

So, how close did we come to meeting our June goals?

• Increase net worth by 25%
  Net worth decreased by 50.22%. Ouch.
• Purchase Mer’s new laptop
  We never quite got around to this, but we need to get a jump on it, so that it arrives in time for the fall semester.
• Create three-year financial plan
  We never got around to this, either - it’s been bumped from one weekend to another on the calendar.

I’m not too concerned about the numbers, because the apparent loss is due to the time frame of the first report and the fluctuation of our estimated house value. We did make additional progress on saving and paying down debt this month, and those are our highest priorities.

Goals for July:

• For several reasons, including a possible change in income, our net worth goal for July is a conservative +1%. It’s a big departure from our aggressive June goal of +25%, and hopefully we’ll blow right past it.
• We’ll also be channeling any extra cash we have into building our emergency fund by at least $500. This will most likely result in a lowered debt payment for the month, but barring any major changes, we will still be on track for an end-of-year payoff.
• Our three-year financial plan will be sketched out and posted (for a little extra motivation) by the end of the month.

Adjusted goals for 2007:

• Increase net worth by 100%, down from the original 300%. I’m feeling a bit gun-shy after our June performance.
• Pay off all credit card debt. This hasn’t changed, and we’re still on target.
• Top $9000 in retirement savings. I’m scaling this back a bit (from $10k), because I’m not sure how big of an extra push we’ll be able to do at the end of the year.

Assuming that the real-estate market doesn’t face-plant in our driveway, I’m confident that these adjustments will make our short-term goals more achievable, and I don’t think that pulling back now will hurt us too much in the long run. With a little bit of luck and hard work, we’ll be able to crank things back up before the end of the year.