Net Worth Milestone - $240,000

Today we passed the $240,000 net worth milestone! Our net worth is currently $240,095.38.

We passed our last milestone of $230K in August. Based on my forecasts, we should hit the next net worth milestone of $250K by March.

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

October 2013 Income Statement

October was an even better income month than last month, which was phenomenal, but it was also a large expense month(see attached spreadsheet).

Our total income in August was $13,672.80.  In addition to our regular paychecks, my wife received an unexpected bonus check ($3,000 gross, $1,683.60 net).  She also received a $600 auto allowance, and a $100 company reimbursement for internet service.  I received a third “extra” check this month.  We earned $2.49 in interest income from our online savings account.

In October, we spent a total of $11,199.67 continuing our trend of blowing our budgetJ.  Some of the larger, non-typical expenses include $550 brake job for car 2 and ~$3K in household items.

November should be a pretty standard income and expense month.