Networth Updates

Net Worth Update October 2017 – $268,199.33

A net increase of $10,745.37 to bring us to $268,199.33

Here’s the main table tracking our net worth again.

 

Change Explanations:

401k$6,626.83 – Contributions and growth/loss, no real changes strategically here.

HSA$144.39 – Normal paycheck contributions and some expenses. One big change to this will happen next update because our daughter decided to make her arrival two weeks early! Along with the hospital and delivery charges, she had to spend one night in the NICU due to jaundice so we fully expect that the HSA is going to take a huge hit once those bills start arriving.

RothIRA$158.68 – Stock market at work here… The investments grew a little bit this month.

Acorns$36.11 – Just like before, we love Acorns because it just puts that little extra away without you realizing it.

Taxable$1,057.77 – After last months big drop in the Company it has rebounded some this month. Volatile stock will be volatile. We can’t do anything about that until it vests.

Cash$1,903.32 – Normal ebbs and flows of the checking account at work here but we’re starting to build some steam on that emergency fund. Been putting money aside that we were using for a car payment. We’ve got an Income and Spending section below that will show where most of our “cash” went.

Mr. Joe’s Student Loans$132.77 – If you’ve been following our blog then you’ll know that we recently Re-financed Mr. Joe’s student loan with SoFI. We’ve detailed that process in some other posts you can find here. So far it’s been great working with SoFI. We made a payment this month and accrued a little interest.

Mrs. Jane’s Student Loans$98.64 – Again, just a simple payment and interest on these loans.

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$66.33 – We pay this off in full each month.

Home Equity$242.88 – 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.

Income

This is kind of a simple table showing our income for the month.

Investments

Another month of contributions. Nothing special.

Necessary Expenses

Another very boring month. Nothing special at all… That’s a good thing, right?

Groceries were low this month, primarily a result of eating more at the hospital while we were there increasing our Food & Dining expenses below and also because family brought a lot of food to our house after we got home to make it easier for us.

Discretionary Expenses

 

Hockey Tickets: This is very high because it’s the start of hockey season and all of the parking got charged this month. This is amortized out during the year so it’s expected.

Food and Dining: We blew the planned eating out budget primarily because of meals for Mr. Joe at the hospital during the stay for the little one’s birth. The hospital provided some meals for him but not all of them so he ate at the cafeteria a few times.

Household Goods: We started buying a lot of stuff for the arrival of our first kid! This month it was more miscellaneous things we’ve learned we needed after her arrival.

Auto Maintenance: The battery in one of the cars died so we had to replace it. Also the car we got for free is now titled and being used for Mr. Joe’s commute to work. We’ll be making a short post showing how the DIY Paint Job went on it. A New Car for FREE

Home Maintenance: For once recently we haven’t had any elevated home maintenance. Hopefully that continues for a little while.

The Gift this month a $50 gift card for a friend who loaned us a generator after Hurricane Irma as a thank you and $20 for miscellaneous for someone’s birthday or something. Can’t really remember what right now.

Excess Expenses

This was primarily some more books for Mr. Joe’s studying but it was also for certified copies of the little one’s birth certificate and some fees for freezing our credit.

 

Pretty Graphs

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.

 

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.

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