I wish every month could be so awesome. Unfortunately, our income is around 50% of this last month’s increase, so that’s not exactly possible. lol. Plus, we’re saving the cash to buy a second car later this year, so it’s only temporary.
Emergency Fund: Up $14.20. This is from some automatic transfers and interest. $2,000 is my comfortable spot for the emergency fund right now, but later on I would like to get it up to $5,000. All in good time.
Savings: Up $4,792.42. This is a total for the following accounts:
- Health & Dental Fund
- Puppy Expenses
- Car Expenses
- Travel Fund
- Europe Trip
- Christmas 2012
- START account at US Bank
- House Fund
We got the last installment of our house warming gift from my parents, plus our tax refund. There were also some automatic transfers set-up, but aside from that—not much intentional saving. Like 98% of this went straight into our car expenses account, since that’s where we are saving the money for the second car.
401K: Down $84.22. You win some, you lose some. We didn’t contribute much, probably around $40, so it’s not that much of a loss.
Investments: Up $602.06. Most of this is because I wasn’t paying attention when I did last month’s update. I had transferred some of my personal savings over to my investment account to buy some stocks and forgot to include it. I think they’re actually down a little bit, but I did sell some others off and bought more of the new one. Plus, there was a little bit of dividend income.
Roth IRA: Up $54.14. We only added $50 this last month to our Roth IRA, so that means it went up a little bit. Yay! Small wins are better than nothing.
Pirates Gold: Stagnant. I really hate this area not increasing each month. Even if it only went up a dollar, that would be something. I would just run to the bank and a grab a couple of gold dollars, but I don’t get out much.
Car: Up $149.00. Silly car.
House: No change.
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Liabilities: (Mortgage) Down $265.17. It’s so hard to be patient with this since we’re not planning to kill our mortgage. I hate owing more than the house is worth, even if it’s only a small amount compared to other people. Oh well, it’ll get there.
So, how did your Net Worth turn out this month?
Have you done it yet???
wow that is a huge bump, congrats! mine is up in spite of buying a car, unlike you I don’t put it in NW, just consider it a sunk cost.
Pauline recently posted..Try change! It is good!
Great job. We used to get huge tax refunds every year, but the last two years we have decreased our withholding a lot. Now we get our money throughout the year instead of the government getting an interest free loan on it for a year!
Nick @ ayoungpro.com recently posted..I’m Joining the Yakezie Challenge!
Some people can make better use of the extra money in each paycheck, but we’re the type that does better with larger chunks.
Jen Perkins recently posted..Money & Goals: Weekly Update #1
I haven’t done mine yet, as I completely forgot it was a brand new month. I’m not sure what it’s going to look like quite yet. On the one hand, we sold the mobile home for a slight loss, on the other, we did get our federal refund last week and haven’t started shopping for the washer & dryer yet.
Edward Antrobus recently posted..The Cost of Disorganization
Great job on the net worth this month it went up a great deal. I don’t think ours will be as good with the money we put out for our water softener and just everything getting paid out at once in Feb. Will see, be posting it this week. I’m just happy if it stays going up rather than down, you’re right win some you lose some! Cheers
Canadian Budget Binder recently posted..How I Reduced Our Grocery Budget From $1100 To $600 In 6 Months
Congrats on the networth change! Hopefully in the coming months I can start adding some online income to our networth. I like how you have a set limit on your emergency fund, I’ve seen some people just save save save without any goal in mind.
Nice job! Mine increased this past month, modestly but investments were a driver.
Digital Personal Finance recently posted..Is it Worth Getting a Safety Deposit Box?
Any increase is always better than a decrease.
Jen Perkins recently posted..Saving Money Isn’t Always Easy
Well done, Jen – just keep going :).
maria@moneyprinciple recently posted..What do you do about saving these days?
Congrats on your progress! Do you have any net worth goals you are aiming for by a certain age or number of years worked?
We’re having a lively debate on FS about income revelation. Love to get your perspective.
Thx
Sam
Thanks Sam. We don’t have any specific goals yet, it’s more of a “as much as possible” kinda deal. We don’t have very much income right now, so we have to do our best with what we get.
Jen Perkins recently posted..Money & Goals: Weekly Update #2
I just did my first budget and calculated my net worth for the first time ever! I’m 38! This is such a sad statement because I just started saving an emergency fund and acting my wage. I wish I had financial planning explained to me 10 years ago, I wouldn’t be as broke as I am and my kids might have college savings. On the other hand, I’m saving money and plan to do so for the rest of my working life.
Congrats Amber! Taking charge of your finances can be empowering, even though it gets tough at times (and can be slow).
I too wish I had understood this stuff years ago, things would be so much better now. But, we can’t change the past…only the future.
Jen Perkins recently posted..Saving Money Isn’t Always Easy
Nice bump in savings, kudos Jen! Best of luck with car purchase whenever you decide to buy!