This is a great month for me, but good things come at a price. Particularly, the price for this good month (and those that will follow), is going to be a really, really awful month. That’s just what happens when you attempt to save up to pay cash for a car.
Emergency Fund: Up $24.29. Yep, nothing but daily transfers and interest here. I do eventually plan to start adding money in here again (on purpose), but for now we have other financial priorities.
Savings: Up $740.57. This is a total for the following accounts:
- Health & Dental Fund
- Puppy Expenses
- Car Expenses
- Travel Fund
- Europe Trip
- Christmas 2013
- START account at US Bank
- House Fund
Most of this is in the car expenses fund, since that’s where we’re saving the money for a second car. Aside from that, the daily transfers to our Christmas fund and House fund pretty much make up the rest…plus a little interest.
401K: Up $209.11. We still haven’t moved back up from our temporary 1% contributions, so this is mainly due to the market. We must move this up soon due to recent developments, but it’s going to be difficult to save up for a car at the same time—since overtime seems to be extinct in the foreseeable future.
Investments: Up $33.63. A little upward movement and dividend payouts.
Roth IRA: Up $82.49. We only put $50 in here over the last month, so that’s pretty cool. Our Roth IRA is still tiny compared to what it should be at our age, but it’s getting there little by little.
Pirates Gold: stagnant.
Car: Down $294.00. Yuck.
House: No change.
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Liabilities: (Mortgage) Down $264.34. Sometimes it feels like it’s going to take forever to get this on track. We’re not killing our mortgage, so I just need to be patient (which I am not).
So, how did your Net Worth turn out this month?
Have you done it yet???
I’ve been following your blog for a while now and finally started one of my own. I love how pretty your net worth spreadsheet looks so I made one just like it, but changed the colors. Thank you for inspiring me to get real about our finances.
Awww. Thanks Mindy, you totally made my day.
The blue and pink look really good, I tried to leave a comment, but don’t know how to with your comment options. Great job getting started.
Jen Perkins recently posted..You Can’t Always Respond To Every Comment
I think if you click on the “No comments” or “2 comments” it should take you to the comment section. I hope that helps?
It’s the “Comment As:” options that give the issue. I don’t use any of them, I try to avoid setting up extra things. I’m used to guest or name/url options, but not experienced with the others. It might be because I don’t normally comment on blogger sites, because I usually only read the self-hosted WordPress sites.
Jen Perkins recently posted..You’re So Vain—You Probably Think This Post Is About You
Jen, congrats on a beautiful spreadsheet and networth number!
Question for you, is your mortgage worth more than your house or are you just counting Equity vs Debt? I ask because if you mortgage is less than your home, you should count the true value of your house. It will pump up that networth and you can always tap into that value when you go to sell your place.
Listen Money Matters recently posted..How I Save a Ton on Travel Expenses
We bought our house with a USDA Guaranteed Home Loan. So instead of PMI, they charge a one-time guarantee fee added on top of the loan. That’s why we currently owe more than our house is actually worth. We’ll catch up eventually.
Jen Perkins recently posted..You Can’t Always Respond To Every Comment
Mine is going up on Wednesday. It wasn’t as horrible as I was expecting, but there was still plenty of horrible.
Edward Antrobus recently posted..How to Save on Valentine’s Day + a Giveaway
That’s not too bad you certainly are making your way up. There’s no rush as long as you know the path you want to take. I’ll be posting our budget update this Wednesday and Net worth Update Feb 11… Keep at it Jen!
Canadianbudgetbinder recently posted..Frugal Ways To Say I Love You This Valentine’s Day
Thanks.
Jen Perkins recently posted..Preparing To Buy A House: The Score
I get paid bi weekly also and can save one of the checks, the other pays all my expenses for the month. So Im up 1800 from one paycheck, and did my taxes last weekend and between federal and state, will get a 950 refund. So Im up total profit 2750 for the month!:)
Awesome Mark! I hope that one day we’re able to live off 50% or less of our income.
Jen Perkins recently posted..Why I’m Not Killing Our Mortgage