February 2018 Net Worth Report (-0.44%)

Feb 28, 2018 @ 09:01 pm by EMS

We posted a net worth loss for the first time since October of 2016 this month.  Even through we received a fairly sizable income tax refund, we lost $3,100 over the month.  We did drop our liabilities by $1,551, and we will be making a decent sized mortgage prepayment in March in order to chase down the goal of getting that down to below $100K at the end of the year.  Hopefully we are done with some of the major household purchases that we have been dealing with in the early goings of 2018 and March will see a better number.

January 2018 Net Worth Report (+3.69%)

Feb 28, 2018 @ 08:21 pm by EMS

January 2018 was probably one of the best months recorded since I started keeping track.  Our net worth increased by over $25,000 due to investment gains.  As I’ve been saying for a while, I don’t expect this will continue as I have very little faith in the stock market maintaining these valuations.  Our credit card debt is still very high in comparison to what we normally carry due mainly to some scheduled expenses that we pay at the beginning of the year.  Hopefully you will start to see that decline moving forward.

December 2017 Net Worth Report (+0.64%)

Jan 27, 2018 @ 10:38 am by EMS

We ended the year with a pretty good month given that it was one of the more expensive months that we’ve had in a while.  We added a hair over $4,000 to our net worth.  In 2017, our net worth increased by 22.7%, which is the second greatest yearly increase percentage-wise that we’ve achieved since I’ve been keeping track.  2009 is still our best year in that category, when our net worth increased 28% over the 2008 value.  Given that this post is very late, I’m about 100% certain that the first month in 2018 will be a rather large net worth increase.

For this year, I think I’m going to set a goal of trying to get our total liabilities down to less than $100,000.  I think this is a very achievable goal and one that I’ve been thinking about for a while.  I really think that the stock market is very much overpriced right now, so putting our dollars towards paying down liabilities might be a more effective use for them.  This is even more so now that the government has basically removed any incentive for us to continue paying home mortgage interest by their decision to increase the standard deduction.

November 2017 Net Worth Report (+2.14%)

Dec 15, 2017 @ 07:45 pm by EMS

We’ve had 12 consecutive months of positive net worth reports as of this month.  We had a rather good month with a 2.14% increase.  I’m pleasantly surprised that I was able to keep our cash & savings within 6 dollars of where it was the previous month.  In fact, looking over that value over the past several months shows a rather consistent trend.  As usual, the majority of our gain happened through investment accounts.  Our credit card debt increased, as is normal around the holidays.  We received a few hundred dollars in an unexpected tax rebate, so I threw that money towards paying down the mortgage.

October 2017 Net Worth Report (+1.98%)

Nov 19, 2017 @ 10:28 am by EMS

October 2017 was a pretty darn good month for our net worth.  It was increased by almost $13,000.  The vast majority of that gain was through our investments, but we did decrease our liabilities by a tad over $1,000 as well.  No major financial events occurred in October.  If things hold steady, we should be able to crack at 20% year-over-year net worth increase for 2017.

September 2017 Net Worth Report (+1.13%)

Oct 06, 2017 @ 09:11 pm by EMS

Oops…  Looked like I forgot the August update…  Oh well, I’ll blame it on the pneumonia that I picked up and fought for pretty much the whole month.

As you can see, our net worth increased almost $20,000 through August and September.  Most of the gains came from investments, but we did pay down our mortgage by an extra $1,000 in August.  I’ve been looking at the math, and it really doesn’t look like it’s a big benefit for us to pay our mortgage down much faster than the schedule, although it does feel good to get that number down.

Not much is expected to change much financially over the next few months, just plugging away as normal.


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.

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