July 2017 Net Worth Report (+2.31%)

Aug 01, 2017 @ 11:51 am by EMS

Oops, looks like I forgot to post an update for June (+1.01%).  Oh well, been busy.  July was a pretty good month as far as investments and spending.  It was actually our least expensive month of the year so far.  I made quite a few moves in the stock market this month as well, by consolidating several of our individual stocks into a less risky index fund.  I expect no major surprises for August.  The wife and I will be taking our first “truly” international trip as we spend a week in Iceland.  However most of that is already paid for, so I’m hoping it has minimal fiscal impact during the actual month.  School starts up for the kids and that always comes along with the expected expenses as well.  One thing of note is that we did pay off the remaining balance on our solar installation/heat pump load that we took out in July of 2013.  It’s paid off a year early, which is nice.

May 2017 Net Worth Report (+1.37%)

Jun 18, 2017 @ 12:58 pm by EMS

Yep, it has been almost 4 months since I posted last…  Sorry.

The good news is that we crossed over the 600K mark in that time.  Things are chugging along pretty nicely and we are heading out for a Canadian family vacation at the end of this month.  We’ve been using AirBNB on the last several vacations and it has been very successful in helping us get quality lodging at pretty decent prices.

Now that I’m back down to just one class, hopefully I’ll be better at updating the site through the summer.

February 2017 Net Worth Report (+3.51%)

Mar 03, 2017 @ 08:18 pm by EMS

February 2017 was a pretty darn good month.  Out  net worth increased almost $20,000 thanks to market gains.  I started our 2016 tax return and it looks like we will be getting about $4,000 back.  I intend to use the vast majority of that to nearly pay off our home equity loan that we took out when we installed our solar panels.  I hesitate to invest any money in the market at this point, as I truly feel that it is overvalued.  However, I’ve been saying that for four months now, and have missed out on some gains, so don’t take my word for it.

January 2017 Net Worth Report (+1.94%)

Feb 17, 2017 @ 06:52 pm by EMS

Running a bit late this month, but the first month of 2017 proved to be a pretty good start to the year.  Led mostly by investment gains, our net worth increased by $10,806 this month.  In looking over the numbers, I did realize that for some reason some of the kids’ college savings isn’t updating value per the securities we hold in them.  I’m not sure what is going on with Quicken, but this month’s report does not reflect those changes.

Expenses were a bit high in January, as we paid for a summer vacation rental and some needed vehicle repairs (new tires).  We are finding that the decision to keep our 2007 Hyundai Elantra rather than trading it in when I purchased a new commuter vehicle in September was definately the right choice.  Our “beater” gives my wife the flexibility of not having to drive around town in a large van and we are saving a good deal on fuel.  The van has literally just sat in the garage for 2 weeks straight at times this month.  It makes me question the value of the van all together, but I guess we need it for the few times the full family head out on a trip.

Considering we are more than halfway into February, I guess I can predict with a fair amount of accuracy that we won’t have any major surprises in February as well.

December 2016 Net Worth Report (+1.52%)

Jan 07, 2017 @ 01:30 pm by EMS

Even after taking a rather large depreciation hit on our vehicles to the tune of $5,2000, we managed a 1.52% net worth increase in December 2016.  Our credit card debt is still too high, but that should rectify in January.  Most of the gains were from our IRA and investment gains.

Overall, 2016 was a good year financially for us.  Our net worth has increased 12.7% over the year.  I don’t expect 2017 to be nearly as good as 2017 and have actually started pulling a fair amount of money out of our investments.

I have made the decision to discontinue this site once our current hosting service expires in 2017.  I started this site as a method to force discipline on myself to keep better track of our family’s financials, and I believe I have achieved that goal.  I simply do not have the time or desire anymore to continue this site, as I don’t believe anyone actually looks at it :).

 

November 2016 Net Worth Report (+1.62%)

Dec 04, 2016 @ 08:07 pm by EMS

November 2016 was a pretty good month, our net worth increased by about $8,700.  Most of the increase came from retirement investments.  Our credit card debt is higher than I like, but that is mostly due to some one-time purchases that we took on this month.

November 2016 Net Worth

October 2016 Net Worth Report (-0.67%)

Nov 06, 2016 @ 04:00 pm by EMS

Our Networth decreased by 0.67% over the month…  We did finalize the purchase of a new vehicle.  Our 2007 Hyundai Elantra had about 160,000 miles on it, and while it was a great car, we felt we should get another one at this point due to my commute.  We will keep the Elantra, as my wife will use it as a daily driver (rather than our van) and as the kids reach driving age, it might be a good first vehicle for them.  Other than that, not much to report.  Most of the losses this month were due to market fluctuations.

October 2016 Net Worth

September 2016 Net Worth Report (+0.50%)

Oct 07, 2016 @ 06:39 pm by EMS

We depreciated our vehicles by $2,300 this month, but we still ended up with a positive net worth gain of about $2,700.  Our credit card dept has decreased significantly as well.  I’ve been making a concerted effort to use my debit card or cash when making purchases, just because it “hurts” more.

Next month we will be purchasing a new vehicle, as my 2007 Hyundai Elantra has about 160,000 miles on it.  We will be keeping the Elantra, as its resale value is only $2,200 and its value to us is more than than.  We will then have two high-MPG vehicles, and our van should basically sit except for family trips.

September 2016 Net Worth Report

August 2016 Net Worth Report (+0.25%)

Sep 12, 2016 @ 07:27 am by EMS

We had a small gain in net worth this month.  $1,337 was added to the amount.  Our investments pretty much held even while we had some cash outflows for some home improvements (a shed) and a vacation.  We also had some vehicle maintenance that we needed to take care of (new tires for our van).  I’m making a concerted effort in September to get our credit card balances down.  While we never hold credit card debt beyond the monthly grace period, I don’t like that for two months we’ve had over 5,000 in credit card debt.  I have been reaching for the debit card over the credit card this month.

August 2016 Net Worth

July 2016 Net Worth Report (+5.77%)

Aug 05, 2016 @ 06:03 pm by EMS

New Net Worth Increase Record!!

Thanks to a great month in the stock market and an unexpected inheritance, our net worth increased by almost $30,000 over the month.

Our credit card balance has increased to a point that I’m not comfortable with though.  Both of our vehicles needed new brakes and rotors over the month, so combined with some travel expenses, that balance has ballooned.  I’ve made a move to put things on our debit card and get these amounts paid down in August (we never carry a month-to-month balance on our cards).

We are looking for a shed to put in our yard, so we that expense might hit either August or September.

NW07312016

Next Page »

Google Reader or Homepage
Subscribe
Add to My Yahoo!
Subscribe with Bloglines
Subscribe in NewsGator Online

Add to My AOL
Subscribe in Rojo
Add to Technorati Favorites!