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Asset Percentages

July 30th, 2013 at 06:50 pm

I assigned a percentage value for each of the assets listed on our balance sheet. That is - the percentage that each asset represents of the value of our total assets. Not sure why - just to see where everything falls, I guess. Nothing too fancy.

Retirement Fund: 56.7%
House: 34.2%
Pick Up Truck: 4.9%
Van: 1.8%
Household Items: 1.1%
Lawn Mower: 0.8%
Savings Account: 0.4%
Checking Account: 0.1%

These are not net values - that is the value that I used for the house is an estimate of its current market value, and not value minus mortgage.

Yes, our share of the value of the lawn mower is 2X our savings account. We own the lawn mower with my parents.

The value I placed on household items is probably low. I assign a value to recognize that there is a value there, but I've put in no effort to inventory, and come up with a solid number.

It's the end of the month, and I get paid tomorrow. So, our checking balance is low as of this writing.

Clearly most of our net worth is in the house and retirement fund. Retirement fund is 1.6X greater in value than our house. That's probably good. But, again the value on the retirement fund is solid, and value on the house is an estimate, and I probably low-balled it.

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