October 18, 2012

Net Worth Milestone - $190,000

Today we passed the $190,000 net worth milestone! Our net worth is currently $190,625.95.

We passed our last milestone of $180K in August. Based on my forecasts, we should hit the next net worth milestone of $200K by December.

I will update our net worth meter (on the left side of the screen) at the end of the month.

October 1, 2012

September 2012 Income Statement

September was a normal income month and a high expense (click on spreadsheet below). 

Our total income for September was $8,065.98.  In addition to our regular paychecks, my wife received a $25 company reimbursement.  We also received $50.00 in credit card cash back rewards, $275.00 in gifts to our sons 529 Plan, and we earned $3.64 in interest income from our online savings account. 

In September, we spent a total of $8,362.84, higher than we should have spent, but less than we’ve spent almost every month this year.  Some of the random large expenses were: $345.77 went to repainting the inside of our home, $489.08 in pool supplies, $432.35 SDG&E, and a few hundred towards our son’s 1st birthday party.

Next month (October) should be a very good income month because I receive a third “extra” paycheck.  Hopefully we can tighten our belts and spend less…