Master the Art of Saving

Last month, our Net Worth increased by $2,998.68, which was mostly a reflection of my adding the Operation SUV account to the Net Worth. This month isn’t as grand but a $692.17 increase is still better than going the other way.

Emergency Fund: Down $0.82. Seeing it in red kinda makes me giggle. I transferred everything over $1,000.00 to one of our savings accounts to help build them up.

Savings: up $166.63. I was hoping for more of an increase in our savings this month but that’s okay. At least I was able to save this much.

401K: Down $431.10. Yuck. This is all about the market and isn’t my fault, really.

Betterment: up $14.40. Funny since I threw 20 bucks in there. lol. At least I’m buying more.

Roth IRA: Up $50.03. Still truckin’ along on it’s journey to $1,000.00, slowly but surely.

Pirates Gold: No changes here, but my birthday is coming up. My dad usually gives me gold dollars then, so we’ll see.

Operation SUV: Up $12.88. Not making much progress here but at least I’m still adding something. If I keep things going at this rate, I’ll never be able to afford my SUV, that’s not even taking inflation into consideration.

Car: Up $760.00. Silly Kelly Blue Book—you make my head spin. I’ll take it though, it helps offset the 401k.

Evil Credit Card: Down 120.15. Closer, yet still mocking. Maybe there will be an extra payment to this soon?

So, how did your Net Worth turn out this month? Have you done it yet???

Comments

Net Worth Update~ October 2011 — 14 Comments

Aaron Hung @Discuss Finance on October 3, 2011 at 5:03 AM said:

Great updates Jen, I see you got below 200K alexa too congrats!!yeah!
- Jen on October 3, 2011 at 12:51 PM said:
  
  Thanks Aaron. It’s definitely a fabulous day for me.
Rochelle on October 3, 2011 at 5:27 AM said:

Brilliant Updates. Thanks for sharing them Jen.
- Jen on October 3, 2011 at 1:01 PM said:
  
  Thanks Rochelle.
Shannyn @FrugalBeautiful.com on October 3, 2011 at 7:17 AM said:

Every time I see you post this I’m like “darn it I need to get my net worth in order!” I write about frugality/finance but I haven’t gone over my assets in a year now, yikes! Okay, okay- you’ve inspired me to get back on track and calculate otherwise I feel I’m probably not on board to saving $ as I should be! Thanks for the inspiration!
- Jen on October 3, 2011 at 1:02 PM said:
  
  The first time might not be that fun but every time after is kinda exciting when you see your progress. Good luck figuring out your net worth, Shannyn.
Evan on October 3, 2011 at 6:44 PM said:

I know adding % really gets me going – 3.8% is a fantastic increase!
- Jen on October 3, 2011 at 7:25 PM said:
  
  That does sound fun, Evan. How do I calculate it? Yeah, I know, I should already know this.
  - Evan on October 4, 2011 at 6:04 AM said:
    
    (Change/original) *100
    - Jen on October 4, 2011 at 5:50 PM said:
      
      How could I not know that!? Thanks Evan.
Jeff @mymultiplestreams on October 3, 2011 at 7:26 PM said:

Ya mine went down a little bit thanks to wall street jitters, and of course I calculated on a down day.
- Jen on October 3, 2011 at 10:34 PM said:
  
  That sucks. Hopefully you’ll be able to turn things around for next month.
PKamp3 on October 8, 2011 at 9:59 AM said:

Jen,

Have you considered knocking off the rest of the credit card debt from savings? Your CC post notes that the rate is 14.9%, so assuming your tax is 30% state+fed (I have no idea) you’d have to get 21.3% in the savings account to tread water. Might be worth it to have the debt monkey off your back.
- Jen on October 8, 2011 at 11:05 AM said:
  
  Many times. Financially speaking, it would make sense but for us, we wouldn’t make savings (to replace that money) as high of a priority. I’d love to say we could but I would just be lying. Also, the sting of that interest will help remind me how much debt sucks. Thanks PKamp3.