September 2014 Net Worth Update (-1.64%)

Oct 02, 2014 @ 11:22 am by EMS

Not surprisingly, we experienced our first greater than 1% loss of 2014 in September.  As mentioned previously, we had to shell out over $3,000 to replace a pair of skylights (one of which was leaking).  Combine that with our investing losses over the month and it doesn’t print a pretty picture!

September 2014 Net Worth Image


Beyond that though, we did have a fairly successful month in regards to all other aspects of our spending.  In fact, if you exclude the skylight cost and about $500 worth of reimbursable expenses, September was probably the least expensive month we’ve experienced this year!

My gut feel is that October 2014 will be another negative month due to investment losses, but I’ve learned to take the bad with the good.

Long term, our immediate primary goal is to rebuild our emergency fund.  I like this fund to be at $20,000.  With the solar/heat pump installation, we spent about $5,000 of our emergency fund.  We then went through another $3,800 of the fund when we took on the skylight replacement job.  The good news is that in the first quarter of 2014, I setup an automated savings goal with an online savings site to begin recouping the $5,000 we spent on the solar/heat pump installation.  That account is now funded to about 50% of its goal.  Our tax return in 2015 should help with a good chunk of the remaining $3,800, but we’ll likely need to do the same process with for the balance.  Our goal is to be back at the $20,000 emergency fund balance well before the beginning of 2016.

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