Net Worth Updates

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July 2012 Net WorthHow is it that we’re over half way through the year already?

Time flies — and I’m thankful that I already reached my financial goal for 2012 with time to spare. Time that’ll undoubtedly fly.

So last month, I got my act back together and the numbers that are in my control (cash, savings, bonds, credit cards, and mortgage) are back where I want them to be.

Cash:
This number is padded as June turned out to be a three paycheck month. The most recent paycheck came so late in the month that I wasn’t able to spend any of it….

Savings:
Yeah, so last month I “borrowed” around $700 to spend on, well, I don’t even rememeber since it’s been so long since I did a spending report (tsk, tsk) but I’ve since “paid” myself back.

Gov’t Bonds:
Someday I’ll have a full grasp on how the interest is calculated on these. I’ve looked it up several times and even “tested” myself to make sure I understand it and, then, just when I’m feeling pretty conifdent about how it all works, I suddenly earn half as much interest. It’s perplexing.

401k:
Pretty nice recovery in June. In fact, June 29th was my best day ever with an increase of over $3k.

On that note, if you happen to keep track of this sort of thing on a daily basis, have you ever noticed that it’s not unsual to lose a HUGE amount on any given day but it’s extremely unusual to gain a ton?

Really, I’ll drop like $2500 in one day. It’ll recover over fiver or six days, a couple hundred dollars each day, then drop all in one swoop again. Really, I have far more up days than I do down days. Far more. Like by a 4-to-1 margin…

But the down days are really, really, really down… It’s just weird.

Home:
This is the highest value I’ve climbed to since May of 2008. Doesn’t seem like that long ago but, holy crap, that’s over four years ago! Time really has been flying…

Auto 1, Auto 2, and Auto 3:
It’s a pretty good month when the only negative report is auto depreciation. And it’s just $250…

Credit Cards:
I’m still spending too much, I think, but this shows that I’m also living within my means.

Auto Loans and Other Loans:
Nothing to report…until I pick up that Lamborghini.

Mortgage:
Just another minimum payment. But I’m about to embark on something new. Well, not new, I’m gonna do exactly what I was doing for years

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See what happens when I take an entire month off from posting?

Yep, first loss in 8 months…

Now the markets are certainly a likely suspect for causing the loss but my lack of posting (and related accountability) are the real culprit.

Yep, I spent freely and kept everyone here in the dark.

Bad smurf.

Anyway, here are the numbers!

Cash:
I haven’t let my checking account balance sit this low for over a year. I’m not happy about it.

Savings:
Last month I said that this would increase by roughly $1200. It did…and I then I took $700 right back out to “spend”.

Gov’t Bonds:
Probably shoulda taken the $700 from here instead…

Home:
I like to think the value went up because the lawn is freshly mowed but that’s probably not the real reason.

Auto 1, Auto 2, and Auto 3:
I’m not sure if it’s 100% accurate and I didn’t go through my archives to check but I think it’s hilarious that the value of the convertible always seems to go up at the weather warms up.

Credit Cards:
Okay, now this, I’m pretty proud of. With all of the spending I did last month, I still held this zero balance. It wasn’t easy but I did it and that feels pretty good.

Auto Loans and Other Loans:
Nothing to report.

Mortgage:
Just another minimum payment.

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May 2012 Net WorthThe big news this month isn’t so much that my net worth has reached a new high but that I’ve rid myself of credit card debt again.

It doesn’t feel as great the second time around but it’s still a nice load off of my shoulders…

Anyway, here’s the breakdown:

Cash:
This is a little low because, well, I extended myself a bit to get rid of the balances on the credit cards sooner rather than later.

Savings:
With the weekly credit card payments a thing of the past, the pace here should increase to the tune of around $1200 per month…

Gov’t Bonds:
Hey, the rates are quite attractive when compared to a savings account…

Home:
Some months up, some months down.

Auto 1, Auto 2, and Auto 3:
They all dropped. Makes sense — they aren’t getting newer!

Credit Cards:
Hooray!

Auto Loans and Other Loans:
Nothing to report.

Mortgage:
Just another minimum payment.

On second thought, you know, it does feel pretty darn great to have pretty much nothing to say about the liabilities.

Here’s to hoping I can continue on this path for the rest of the year…

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April 2012 Net WorthI can see the light at the end of the tunnel…

Thanks mostly to that insurance check, my credit card debt level is nearing zero again for the first time in nearly two years.

It feels good.

Here’s the breakdown:

Cash:
Glad I’ve been keeping my distance from the Bank of America fee threshhold.

Savings:
This is the result of weekly transfers of $135. Basically $95 goes in each week to cover my property taxes that come due in July and Decemeber. The other $40 is for whatever…

Gov’t Bonds:
Why am I still holding on to these?

401k:
I’m pretty sure that this is the highest point I’ve ever reported. It was back in October that I broke the six figure mark and I’m up 33% in just 6 months while making no contributions. Crazy.

Home:
Ebb and flow.

Auto 1, Auto 2, and Auto 3:
Eh, they all work.

Credit Cards:
If the balance isn’t gone this month, it’ll certainly be gone next month. It’s crazy what can be done when you really work at it and when some un-expected cash rolls in.

Auto Loans and Other Loans:
Nothing to report.

Mortgage:
Just another minimum payment for now but once the credit card debt is gone, I’ll start attacking this more aggressively.

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March 2012 Net WorthFebruary has traditionally been a “wild card” month around here.

It’s usually because I’ve normally done my tax return in February but not this year — I sill haven’t found the time to sit down and do my taxes so this year, well, February’s just another month…

Lotsa red over there but the 401k bailed me out…

Cash:
Not much movement here. I spent pretty freely this month and I think it shows.

Savings:
Yep, I spent so freely that I had to take some from my savings. Actually, it was dentist bill but, still, I’m not proud of it.

Gov’t Bonds:
Woo-hoo! Three clams!

401k:
There’s a guy at work (a longtime co-worker) who mentioned a couple of weeks ago that he’d just recently topped the $500 mark in his 401k. In response, when I told him that I’d just recently eclipsed the $130000 mark, I’m pretty certain that he didn’t believe me.

I drove my BMW to work the next day just to subtly rub it in. I still don’t think he noticed. Maybe tomorrow I’ll drive it again and park next to him…

Home:
We had some trees taken down by a landscape service to the tune of roughly $2100. Coincidence?

Auto 1, Auto 2, and Auto 3:
Poor auto number three…

Credit Cards:
Not nearly enough of a drop here. As I said, I spent pretty freely in February but I’ve got that out of my system and the balances are all lined up to drop quickly again.

For the year, I’ve knocked out over $2500 so I’m still making decent progress…

Auto Loans and Other Loans:
Nothing to report.

Mortgage:
Just another minimum payment.

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February 2012 Net WorthJanuary was a pretty good month for me.

While most of the gain was due to my 401k and 100% based on a swell in the stock market and not anything that I actually did, I’m still pretty proud of the progress I made on the credit card debt.

Cash:
My side income was a bit higher than normal — especially at the end of the month — which definately shows in the category.

Savings:
After taking a few thousand out in December to pay my property taxes, I’m back on the $135 per week deposit plan.

Gov’t Bonds:
The variable rate portion of these is starting to become noticable. Just five bucks? Sheesh… Hey, at least they’re still earning more than the same amount of cash would in a savings account.

401k:
I’m not totally certain but I think my balance here is approaching the highest level that it’s ever been. What recession?

Home:
This drop must be due the cracked piece of sidewalk out front. ;0)

Auto 1, Auto 2, and Auto 3:
The Scion took it on the chin because some jerk-wad dinged the passenger side door. That said, the car is over 6 years old now so it had a pretty good run…

Credit Cards:
Oh yeah… Down $3260 over the last two months. My financial goal for 2012 is quickly coming together.

Auto Loans and Other Loans:
Nothing to report.

Mortgage:
Just another minimum payment.

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January 2012 Net WorthStarting the new year off right with a net worth just north of $250k.

Yep, that’s right, I’ve reclaimed my status as a quarter of a millionaire.

Cash:
December was a three paycheck month for me so there’s a little bit of extra padding here.

Savings:
Oh no! What happened? Well, property taxes came due. That’s okay, though. It’s totally built into my budget that when they come due (every six months), I’ve got enough in savings to cover it… no matter what.

Gov’t Bonds:
Will I hold on to these for the entire year? I doubt it. But while they’re still in my asset tank, I’ll gladly take the six or seven bucks for nothing each month…

Home:
Zillow.com currently lists my house as the most exensive on my street. This makes the roof of my mouth nice and warm. I know it’s not really true — but it’s still nice to see.

Auto 1, Auto 2, and Auto 3:
With no movement on the BMW or Land Rover, I’m thinking that their values may have bottomed out. I can’t tell you how awesome it’s not having to pay a car payment for almost four years now

Credit Cards:
Crazy considering all of the Christmas expenditures but it’s on like Donkey Kong. Yep, I got started on my Goal for 2012 already.

Auto Loans and Other Loans:
Nothing to report.

Mortgage:
Just another minimum payment.

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December 2012 Net WorthIn these unstable times, I’m perfectly happy with modest $773 gain. Especially with all of the holiday spending, though, I suppose I shouldn’t make a final judgement until next month’s update.

Cash:
There’s no real strategy here at all. I get paid every two weeks and I’ve got automatic payments pulling from my checking account right down to the $2000 balance level (to avoid bank fees). It’s like auto-pilot.

Savings:
I withdrew $600 from here early in the month (to pay off a credit card balance) but managed to replenish it almost 100 percent. Unfortunately my property taxes are due this month so it’s going to drop off considerably but that’s what I set the savings account up for — property taxes.

Gov’t Bonds:
Month after month I question why I still have these. The return is just so much better than a savings account that, for some reason, I just can’t part with them completely…

401k:
It’s up. It’s down. It’s…whatever…

Home:
It’s worth far more to me but the mortgage payment says otherwise. It’s a total win-win.

Auto 1, Auto 2, and Auto 3:
Just this month I realized that we have four “older” cars (my wife owns one that isn’t reported here) that all have insanely low mileage. It doesn’t really mean anything, I suppose, but I’m starting to think that when you have a mini-fleet of cars to choose from, they all last longer.

Credit Cards:
I’m kinda shocked this went down, actually. That week after Thanksgiving turned out to be pretty expensive but I guess I didn’t charge quite as much as I thought I did. That’s a good thing — we’ve got to get this slate wiped clean by May 2011.

For the record, nearly the entire balance is on a Chase Slate card. See what I did there? Pretty cool, huh?

Auto Loans and Other Loans:
Nothing to report.

Mortgage:
Just another minimum payment.

Can You Dig It?

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