As with everyone last month, we took a big hit in the investment sector of our net worth. Totally out of our control, of course, but the same goes when times are good ;) Last month we were up $15,000!!! Haha…
Plus, it’s not like we’ll be *touching* any of these stocks and funds of ours anytime soon. We’ve got at LEAST a good 30-40 years before we’ll need that money, so def. no need to get our panties in a bunch just yet. We just keep our heads up high and go with the flow, baby! (and keep investing away while the prices are low!) Here’s how last month shaped up…
Net Worth break down: May, 2010
CASH SAVINGS (+$3,950.94): The was the one category we killed this month. All the travel expenses haven’t been factored in just yet (although most was already paid for with our tax refunds), but we should be pretty good w/ it all. Holding onto my 9-5 has def. helped the mission here ;)
EMERGENCY FUND ($0.00): Same ol’ $10,000 here as it’s been for the past 2 years. And hopefully another 2 years too which would mean we’re not going through financial difficulties! Or any disasters…
ROTH & TRADITIONAL IRAs (-$1,806.72): Bleh. Once we start contributing again these numbers will look sexy as hell…been almost a year since our last deposit!
401(k)s (-$10,536.47): Bleh x 5,000. But as I’ve already mentioned above, it’s all a part of the game! You have high months and you have low months – and hopefully one day in-between months like normal ;) I’m still chippin’ away at Operation Max Out my 401(k) too, but w/ the whole work drama going on it’s been a bit wonky lately. I’ll be writing a post on this stuff soon… Here’s how our 401k breaks down this month:
- Contributed: +$875.00
- Company match: +$0.00
- Market fluctuation: -$11,411.47
AUTOS WORTH (kbb) (-$135.00): Makes much more sense than last month’s increase of $200 something! haha…this time around it was my caddy who dropped a bit in value. As long as he’s still kickin’ Daddy’s happy though! Here’s how our car values break down:
HOME VALUE (Realtor) ($0.00): Still @ $300k as our realtor set it at a while back. I should actually write a follow up post on my neighbor’s house for sale I touched on the other week. There’s been some pros and cons to it so I’ll be sure to update you soon :)
CREDIT CARDS ($0.00): Another month at $0.00! I’m 99.9% confident it’ll stay that way too for a while. I leave that .01% open for me in case something sexy comes along ;)
MORTGAGES (+$4.79): Still haven’t paid extra toward any of our 2 principals yet – just can’t bring myself to do it. I know we SHOULD be paying at least something off every month, but w/ the vacay and me wanting to work for myself one day in the near future, it’s just not a priority. It really is the one area in my financial life that I hate thinking about. Here’s how they break down:
- Mortgage #1: $286,818.64 – 30 year fixed, interest-only @ 6.875%.
- Mortgage #2: $62,558.98 – Maxed out HELOC w/ 2.8% interest.
There you have it. A dip in our net worth due to the crazy market… But at least our savings and budgeting goals are on point :) And that’s really the whole idea behind these monthly updates – to keep track of your personal progress and to make sure your headed in the right direction. As long as you’re pimpin’ the stuff in your direct control, you’re doing well! And if you slip up here and there – well, that’s okay too. Being perfect is boring ;) Now get out there and make June magical!
PS: My budget has also been updated.
PPS: And so have my sidebars.
PS: Some of my favorite tools:
|Personal Capital (FREE) -- If you’re looking for a robust financial tracker, Personal Capital is the way to go! They’re like Mint, but on steroids and have much better tools for investment and net worth tracking. // Full review|
|Digit (FREE) -- A super easy (and automated) way to save. Every day Digit analyzes your income and expenses and will push money aside for you any time it sees extra sitting there. I've saved over $4,000 myself using them so far! // Full review|
|Acorns -- Having trouble finding money to invest? Check out Acorns – they round up all your transactions to the nearest $1.00 and drops the difference into an investment portfolio for you. Easy way to start investing! // Full review|