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.


June 2016 Net Worth Report (-0.29%)

Jul 04, 2016 @ 12:52 pm by EMS

Due mostly to some expenses, we ended June 2016 down about 0.3%.  We had our yearly vacation (and man, Boston is an expensive city), along with the balance of some home improvements that we had done earlier in the Spring decrease our Cash & Savings balance for the month.  Combine that with the m’eh month for the stock market, and it was basically a tread water month.

I don’t expect anything crazy going on for July, so hopefully we can recover what was lost during the month.

Junw 2016 Net Worth

May 2016 Net Worth Report (2.03%)

Jun 08, 2016 @ 07:14 pm by EMS

Thanks primarily to market gains, our net worth increased by a hair over $10,000 over the month.  Our expenses for the month were the lowest monthly total of 2016, although that fails to include a $2,500 home improvement expense that I had expected for May, but was deferred until June due to our contractor’s inability to set timely invoices.

Our summer vacation will take place in June, so we will incur some travel expenses in that regard.  All of our lodging has already been paid for though, so it won’t be as bad as it might have been.

May 2016 Net Worth

April 2016 Net Worth Report (0.07%)

May 06, 2016 @ 06:57 pm by EMS

Well, we trod water this month.  Due to a bad month for my investments, in particular my large holding of Apple, our Roth IRA fared poorly against overall market performance.  Other than that, we didn’t do too bad.  Our credit card debt decreased even though we paid for a good share of our summer vacation on it, and our mortgages decreased by almost $575, so it is not all bad.

I expect that May will include about $2,500 in home improvements as we make the final payment on the flooring that was installed in April.

April 2016 Net Worth Report

March 2016 Net Worth Report (3.81%)

Apr 02, 2016 @ 08:36 am by EMS

Yay!!!  Finally hit the 500K net worth mark!

We did well with our investments this month, which gave us a nice bump to reach the 500K mark.  We also spent $2,500 on a down payment for a much-needed new flooring installation (the balance will be paid next month), and about $1,000 for a week long rental in the summer.

Let’s hope we can stay over the $500K mark this month.


March 2016 Net Worth Report

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