What a good way to end single-ness: UP a good 3 Grand this month :)
The only stuff holding us back are all of the wedding expenses now charged on our card and sucking us dry! hahaโฆ
On the other hand, the beautiful checks still continue to flow in, so iโm pretty hopeful weโll be back in action soon. And NO MORE expenditures to come, HOORAY!
Hereโs how it breaks down this month:
Cash Savings: Oh yeah, lost a few dollars in this department. But itโs only because of said wedding costs and balancing our credit cards the best way to limit interest charges. Iโm afraid to report though that weโll actually accrue these fees on the next statement. At least itโs a first in years.
Roth IRA: Another month of doing nothing, and watching the balance eek itself up ;) Iโll take that any day.
401k: A+++ I love this bad boy! Had the usual two deposits of $1187.50 (my half + 100% matching), and then some extra help from the markets going up. And the best part? im STILL waiting for 3 full months of owed deposits!!! Well, i guess thatโs kinda good in that itโs not in yet, but also terrible that itโs taken this long so far :( But, as always, canโt start getting heated about it again.
Savings Bonds: These guys donโt like to move muchโฆbeen this way for 2 moths now. i guess thatโs why theyโre considered a โsafeโ investment, huh?
Condo Investment: Still sending my brother $123 each month for his condo. Nothing too juicy going on here, except that this might stop within the next few months.
Home Equity: Same with this department โ at a stand still until after the wedding and grad school stuff comes together. This amount reflects the purchase price of our house minus all principal payments.
Auto Worth (kbb): ARRGHHHHH again for the 4th month in a row. At least it didnโt go down as MUCH as it has been, but itโs still quickly depreciating like a mother. Iโm adding this to the โdo something about itโ list for next month.
Credit Cards: It went down a bit (hence the drop in my cash savings as well), but itโs still wayyyy off track. Chalk this one up to the wedding stuff too. But at least I get to move the sidebar a bit :)
Auto Loan: Slowly and steadily paying off $300ish in principal each month. I really wonโt miss this one at all if i end up getting a beater down the road which, naturally, Iโm still considering.
Hope everyoneโs having a wonderful week out there! And hopefully iโll be able to jump on with some sexy updates soon โ straight from the Caribbean ;)
* Side bars have also been updated
* Click here to check out past Net Worth updates.
PS: If youโre just getting started in your journey, here are a few good resources to help track your money. Doesnโt matter which route you go, just that it ends up sticking!
- The "Budget/Net Worth" spreadsheet - the colorful Excel template I personally use.
- The "Money Snapshot" spreadsheet - a simple Excel template I created for my former $$$ clients
If you're not a spreadsheet guy like me and prefer something more automated (which is fine, whatever gets you to take action!), you can try your hand with a free Empower account instead (formerly Personal Capital)
Empower is a cool tool that connects with your bank & investment accounts to give you an automated way to track your net worth. You'll get a crystal clear picture of how your spending and investments affect your financial goals (early retirement?), and it's super easy to use.
It only takes a couple minutes to set up and you can grab your free account here. They also do a lot of other cool stuff as well which my early retired friend Justin covers in our full review of Empower - check it out here: Why I Use Empower Almost Every Single Day.
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