July 29, 2009

July Net Worth Update (+$5,033.72)

I know I’m getting lazy with posting, but at least I’m still posting our net worth data.

July was another strong month. Our net worth increased $5,033.72 from last month, to a total of $44,651.53 (click on spreadsheet below).

What Worked
July was a nice month. I receive a third “extra” paycheck, we deposited $1,000 into our savings account, and we plowed money into our retirement accounts (401k, Roth IRAs, & Traditional IRA). We contributed a total of $1,743.52 to our retirement accounts and saw them increase to a total of $3,835.21. We also increased my 401(k) contribution from 5% to 8%.

What Didn’t Work
Nothing to enter for July; we are very blessed.

Next Month
August should be a good month. There may be a couple of large expenses that limit what we can save, but we’ll see.


J. Money said...

Hell yeah! Great work guys...lovin' that 5-->8% increase in 401k too - one of the smartest things people can do :)

Anonymous said...

Any time circumstances lead to an extra $1000 in savings, that is good news! Congrats... it's nice to have a month with no additional major expenses (appliances breaking, insurance premiums due, car repairs, etc.). Here's hoping August is a good month for you, as well.

1MansMoney said...

J. Money-

Yeah, I'm stoked we were able to bump up my 401K to 8% - trying to get it up to 10%+.


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