We passed our last milestone of $190K in October. Based on my forecasts, we should hit the next net worth milestone of $210K by January.
I will update our net worth meter (on the left side of the screen) at the end of the month.
November 29, 2012
Net Worth Milestone - $200,000
Today we passed the $200,000 net worth milestone! Our net worth
is currently $200,435.
We passed our last milestone of $190K in October. Based on my forecasts, we should hit the next net worth milestone of $210K by January.
I will update our net worth meter (on the left side of the screen) at the end of the month.
We passed our last milestone of $190K in October. Based on my forecasts, we should hit the next net worth milestone of $210K by January.
I will update our net worth meter (on the left side of the screen) at the end of the month.
November 2, 2012
October 2012 Income Statement
October
was a very good income month and a slightly high expense month (click on
spreadsheet below).
Our
total income for October was $8,065.98. I received a third “extra” paycheck
this month. In addition to our regular paychecks, my wife received
a $25 company reimbursement. We also received
$58.08 in credit card cash back rewards and we earned $2.14 in interest income
from our online savings account.
Our
spending continues to be higher than plans - we’re not within our budget of
~$6,600. In October, we spent a total
of $9,326.18. Some of the larger non-standard
expenses were: $475.70 for two new car seats, $200.78 for brakes, and $119.57 for
a baby monitor.
Next
month (November) should be another very good income month because my wife
receives a third “extra” paycheck and what may be a large quarterly bonus.
November 1, 2012
October 2012 Net Worth Update (+992.69)
We
barely squeaked by with an increase to our net worth this month, but we’ll happily
take it. Our net worth increased $992.69
from last month, to a total of $189,253.96 (click on spreadsheet below). This puts us at 109.27% of our 2012 net worth
goal of $173,200.
What
Worked
We
continue to pay our auto loan a week or two early so that more of our payment
goes to principle ($264 principle reduction this month instead of ~$200).
What
Didn’t Work
We passed the net worth milestone of $190,000 earlier this month only to see the market retract and drop us down below it again. We contributed a total of $1,854.48 to our retirement accounts but only saw them increase $968.85 to $65,231.77 total.
We passed the net worth milestone of $190,000 earlier this month only to see the market retract and drop us down below it again. We contributed a total of $1,854.48 to our retirement accounts but only saw them increase $968.85 to $65,231.77 total.
Next
Month
Next month my wife receives a third “extra” paycheck and may earn ~$8K gross quarterly bonus. We plan to put a large portion into savings and also contribute ~$1,500 to our son’s 529 Plan.
Next month my wife receives a third “extra” paycheck and may earn ~$8K gross quarterly bonus. We plan to put a large portion into savings and also contribute ~$1,500 to our son’s 529 Plan.
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