First of all: HAPPY NEW YEARS! This officially marks one year since we started the blog. It’s certainly been fun and we’ll continue doing it as long as we get value out of it.
A net increase of $3,262.53 to bring us to $296,794.91
Here’s the main table tracking our net worth again.
401k – $3,560.18 – Contributions and growth/loss, no real changes strategically here.
HSA – $1,566.50 – Normal paycheck contributions plus employer contributions but some more baby expenses. There are still outstanding bills we know are coming so this will continue to go down…
RothIRA – $70.96 – Stock market at work here… The investments grew a little bit this month.
Acorns – $19.04 – Just like every other month, we love Acorns because it just puts that little extra away without you realizing it.
Taxable – $801.54 – A little more growth… Volatile stock will be volatile. We can’t do anything about that until it vests.
Cash – $282.73 – Surprising this month, details below on large expenses.
Car Loan 1 – $0 – 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. While we’re waiting on the insurance money we found another car for him and we’ll pay this off very quickly once the insurance money comes in. Currently shown as $0 as we haven’t gotten the first statement but it will be roughly $6,000.
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 – $3,561.46 – We pay this off in full each month.
Home Equity – $245.39 – 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 is down as she’s out on maternity leave. We also sold a couple of hockey tickets.
Another month of contributions. Nothing special.
Auto Payment: As mentioned above, we had to get a new car after Mr. Joe’s was totaled. We put $1,000 down which is included here.
Auto Insurance: It was time for our 6 month policy renewal. We’ll likely owe a little more after the premium updates with the replacement vehicle next month.
Puppies: Second 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!
Cable TV: Accidentally double paid our internet bill. Should reflect in the next month with a $0 bill.
Flying: We didn’t do any flying this month due to added Christmas gift spending.
Food and Dining: We had a retirement party dinner for a co-worker and Mrs. Jane’s birthday dinner that added to our expenses this month plus some additional eating out over normal.
Vacation: We continued our annual tradition of going camping over New Years!
Auto Maintenance: Some costs on the new replacement vehicle.
Home Maintenance: Our air conditioner that’s only two years old had the blower motor fail. The parts were covered under warranty but not the labor. We also bought a space heater.
Gifts: Hopefully the end of Christmas shopping!
This was for a Christmas tree, a new drivers license for Mrs. Jane, and some miscellaneous stuff 🙂
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. You can see the big spike when the inheritance check got deposited.
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. 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.