Our first net decrease of $14,830.55 to bring us to $281,964.33
First, apologies for this being a few days late. It’s been a very very busy time in the Average household. Car accidents, new cars, new jobs, house hunting, and more!
Here’s the main table tracking our net worth again.
401k – $6,680.09 – Contributions and growth/loss, no real changes strategically here.
HSA – $1,164.74 – Normal paycheck contributions plus employer contributions but some more baby expenses. Those outstanding bills that we were expecting finally came in.
RothIRA – $934.97 – Stock market at work here… The investments grew a little bit this month. We also added some additional contributions.
Acorns – $24.06 – Just like every other month, we love Acorns because it just puts that little extra away without you realizing it.
Taxable – $16,858.62 – This is complicated and if you haven’t followed the blog for a while you may not understand. Long story short is that Mr. Joe had a company restricted stock award that would vest in 3 years if he was still an employee. We wavered on whether to include this in our net worth but decided to because while it wasn’t vested it would play a role in decisions made on career moves. In the end, Mr. Joe recently accepted a new job with a 20% salary increase that will more than make up for the loss of this stock so we are now valuing it at $0.
Cash – $1,657.72 – Nothing special.
Car Loan 1 – $5,880.22 – There is a long story here and we’ll make a separate post about it. The summary is that Mr. Joe was in a car wreck, not his fault, that totaled his car. Last month we mentioned paying this off almost immediately but with the new job we’re going to have to relocate so we’ll be saving cash when we can for that. More to come.
Car Loan 2 – $277.65 – Making progress on schedule here due to making a payment. This is a 0% interest loan and we’re unlikely to ever accelerate this loan payment.
Credit Cards – $2,567.74 – We pay this off in full each month.
Home Equity – $246.24 – Normal mortgage payment amortization stuff going on.
Income and Spending
Here’s where we actually show you where our money went during the month. We won’t go into crazy detail because telling you which restaurants we ate at each week would be just silly. But we will cover any unusual spending or income.
The “Budgeted” numbers below are kind of ambiguous and work on a monthly funding basis so something like car insurance which we pay every 6 months has a dollar amount budgeted but won’t have actuals except for twice a year. We’ve fixed some of the numbers going forward in 2018 for the budgeted Income and Investment items.
This is kind of a simple table showing our income for the month. Mrs. Jane’s income went back up after returning to work and then we had the settlement on the totaling of the Elantra.
Another month of contributions. Additionally in the HSA’s there were the employer contributions that landed this month increasing that number significantly.
Auto Payment: As mentioned above, we had to get a new car after Mr. Joe’s was totaled. This is the first month of normal payments. As we did not plan this at the beginning of the year we didn’t increase our “budget” item here.
Auto Gas & Fuel: Increase fuel expenses from making long drives to go house shopping for Mr. Joe’s new job.
Daycare: The $1,000 budget is for a normal month, we had 5 Mondays this month so there is an extra weeks billing that technically hit this month. Not unexpected.
Auto Insurance: As we mentioned last month, we owed a little additional premium for the new vehicle. We added collision and comprehensive as well as doubled our Uninsured Motorist coverage. After Mr. Joe’s accident we realized that we may have been under-insured there so we increased it.
Puppies: Fourth chemo treatment for our dog is done. She’s doing awesome with 0 side effects and no issues. Hopefully this continues and she beats cancer! One more chemo treatment to go.
Cable TV: As mentioned last month, this is reduced due to a double payment last month.
Flying: We didn’t do any flying this month due other increased spending.
Food and Dining: Increased eating out due to the additional time away from the house doing new house shopping.
Vacation: We booked our New Years camping trip super early this year because we’ll be going to a different campground next year that fills up very early. Wanted to make sure we got a spot!
Gifts: Most of this was for supplies for a Baby Shower that Mrs. Jane was helping to host. Some was for a late additional Christmas gift.
$60 of this was to thaw both of our credit reports to get the pre-approvals we needed for a new mortgage. The other stuff was miscellaneous.
Personal Capital Net Worth
We don’t track every account in Personal Capital so this won’t exactly track the numbers from above but it’s good enough for visualization.
Charts from my Google Sheets Financial Tracking Spreadsheet
Finally got this graph looking right. It shows what our current liquid assets would provide as income at a 3% withdrawal rate in Blue, our income in Red, and our expenses in yellow. For those readers that have not researched Financial Independence and Early Retirement (FIRE), this is a very conservative way of estimating retirement income. Essentially, when the Blue line exceeds the yellow line we could retire with reasonable confidence.
This is a stacked line chart that shows how our net worth is broken down in different accounts. Hopefully as time goes on these graphs become more interesting. You’re starting to see some of the lines spread out as different accounts grown and contribute to our net worth in different ways. The Blue is 401k, the Red is home equity, and the Light Blue is the employee stock which you can see drop to $0 here. Starting to see some Light Green at the top which is the checking account and some Yellow in the middle which is the HSA accounts.
Full Disclosure: The links above to SoFI and Acorns are referral links. I will get a bonus from SoFI if you sign up using my link and you will get $100. If you sign up for Acorns with my link we both get $5.