One more month to actually accomplish something of worthiness ;)
Other than that almost-sexy-feat though, nothing too spectacular about this month’s numbers. At least in comparison to previous months’ jumps.
I gotta remember to ENJOY this while we can, though. Cuz if I am truly considering working for myself one day soon (and I really am), then I’ll be lucky to break even every month! And will probably be blogging about how money is all of a sudden at the top of my mind again just like 4 years ago ;) Guess that’s the trade off right? Happiness & time over money? At least in the short term… I’ve gotta start playing the lottery again!
Net Worth break down: November, 2010
CASH SAVINGS (+$3,426.33): We love it when it’s green :) Most of this can be attributed to all our side hustles and the Mrs’ T.A. job she’s rockin’ in grad school. It also helps that we rarely go shopping anymore ;)
EMERGENCY FUND ($0.00): Still untouched after all these years! And to answer some of your questions – yup, it gains interest. I just don’t extract it out and show it since it’s mixed in with pots of other money we’re saving on to (In our money market account – for easy & fluid access)
ROTH IRAs (+$444.85): I’ve been maxed out in this department, and we’ve stopped contributing to the Mrs’ account (so I can reach my $50k “quit my job” goal sooner) so these increases are all due to the market. Love that :)
401(k)s (+$1,267.11): Same with this guy. All maxed out half-way through the year (I tend to go in extremes and upped my contribution percentage to 90% for a while!) so any fluctuations are because of the markets. Although truth be told I’m actually still waiting for some money that hasn’t hit my account yet! But can’t get into that right now… maybe for another day :(
AUTOS WORTH (kbb) (-$625): More than normal, but whatev – it’ll probably adjust and be in positive next month like it randomly does ;)
HOME VALUE (Realtor) ($0.00): Keeping it at the same $300k as our realtor set it at a while back. We think it’s still in the ballpark since our neighbor’s house had an offer of $297k not too long ago – even though they decided to not sell in the end.
CREDIT CARDS (-$339.05): I know, I know – we should have this paid off already ;) But I don’t care – I want that $50k fund filled up as fast as possible! Even if it makes no financial sense. It’s all about emotions at this stage, I ain’t afraid to admit it! (and plus – we knocked off way more than last month when we ADDED to it! yikes)
MORTGAGES (-$141.54): Doing great on this front. Been rounding both our mortgage payments up every month we can slowly knock some off w/out much pain :) It’s also easier to budget/remember. Might have to start doing this with other departments too… Here’s our remaining balances:
- Mortgage #1: $286,580.25 – 30 year fixed, interest-only @ 6.875%.
- Mortgage #2: $62,388.76 – Maxed out HELOC w/ 2.8% interest.
And we’re done! Another month, another increase. All part of the J. Money Handbook ;) But don’t worry, I’m sure we’ve got plenty of drops coming our way over the years… can’t enjoy the UPs without ’em, right? Hope you all had great success too! Feel free to let us know in the comments – we like peering into each others’ financial lives ;)
- The "Budget/Net Worth" spreadsheet - the colorful Excel template I personally use.
- The "Money Snapshot" spreadsheet - a simple Excel template I created for my former $$$ clients
- PersonalCapital.com (free) - a great way to track your net worth AND investments. You can see our full review of them here: Why I Use Personal Capital Almost Every Single Day
- Mint.com (free) - the original lazy way to automate your budget/net worth