Whelp – there goes my 9 month record of positive increases! And to think it was all because I loaned my friend that $5,000 last month ;)
Technically, as long as I get all that money back, we’re really UP about $500 and change! But until it’s back safely in my account again we gotta keep it out of the ol’ net worth. Only the here and now get accounted for cuz it’s the only thing that’s certain right now. Yessir…
Other than that little nugget from the month, the other stuff that pops up is our increase of our emergency fund money again (gotta get that back up to $10Gs!) and the fact that my 401k funds are apparently better picked than our IRAs, haha… Up almost $2k in one, and down $2k in the other! That’s pretty interesting cuz usually it’s all either going up, or it’s all making its way down. But it is what it is, I suppose. Just a funky turn in this month’s investments.
March’s Net Worth Breakdown:
CASH SAVINGS (-$2,575.76): We did pretty good this month when all things are factored. Getting better at being more frugal these days, and if we weren’t counting the $5k I lent out we’d have a nice little increase in this department :) So definitely on complains here.
EMERGENCY FUND (+$800.00): Did a nice repayment back to ourselves! Almost have of the $1,600+ we took out the other month to finally wipe away our pesky little credit card balances that were remaining stagnant. In another month or two we should be back to the original $10,000 we started at this year. (And really have no plans of touching it again unless a *true* emergency happens. Whatever that may happen to be…)
*NEWish –> SEP IRA (-$187.01): Boooo… 1 month in and already losing money! But it’s much more exciting having the money invested than it is on the sidelines – aka a money market account. The only money I want sitting safe and sound is in our emergency funds and checking accounts. All retirement money is ordered to be as aggressive as possible since we have years and years until we actually need to see it again. It’s not the best plan for everyone, but it def. makes sense for us
ROTH IRAs (-$2,028.95): Double Booooooos…. some months you got it, and others you don’t. We’ve stopped contributing to these accounts since we maxed ‘em last year, so really at this point it’s totally up to the market Gods. We don’t plan on putting any more in for quite some time. All extra money will go directly to our new SEP account – mainly for the tax benefits :)
401(k)s (+$1,918.04): Same deal here. 100% on market drive right now until I get the rest of that $20,000 that’s owed to me!!! Arghhhhhh… oh! Quick update on that by the way – I got re-back in touch with that lady from the Department of Labor, and she’s currently reviewing all the paperwork I sent over so we can work on the next steps of action. Which will pretty much be me giving her the final A-OK to officially reach out on my behalf to retrieve all that money. It’s a lengthy process from what I remember, but as soon as they start on it it’s documented and in the hands of the Government! Which has a lot more power than yours truly ;)
AUTOS WORTH (kbb) (+$450) : KBB is at it again! Last month we were down a few hundy, and now we’re UP a few hundy. Strange strange stuff if you ask me. But I gotta list it as I see it, since these are the prices I’d be going for if I was in the process of selling them. And the little blue book has never steered me wrong in the past!
HOME VALUE (Realtor) ($0.00): Same ol’ boring stuff here — still set at the $300k our realtor appraised it for a while back. I’d been meaning to hit him up for a newer quote, in the event we get serious about renting it out and/or selling it again, but just haven’t been able to get to it yet. Maybe by next month’s update?
CREDIT CARDS ($0.00): Nice and empty like the way it should be! I still use our credit cards to pay for everything each month, but I just make a point to pay ‘em all off so there’s never an outstanding balance anymore. Which means no interest, and a lot of simple budgeting!
MORTGAGES (+$319.53): Back to cutting it down some every month :) And we *may* be looking into refinancing again after all these years! Got a pretty good lead on something, so I’ll have to keep you updated. If it all pans out, we’ll be saving an extra $300+ every month! Which means this number will be even more sexier every month going forward.
- Mortgage #1: $286,257.29 – 30 year fixed, interest-only @ 6.875%.
- Mortgage #2: $61,983.67 – Maxed out HELOC w/ 2.8% interest.
Done and done! March was a bit crazier than normal, but we’re still on the right path and humming along nicely. Somewhere down the line we’ll get that $5k back and our update will be a bit more exciting that month ;) Here’s to a successful April!
PS: Are you guys making sure to track your progress too? How’d ya’ll do last month?