Lil’ Sizzlers Portfolio:
Total Market Value: 447 (-652)
Total Divs: 46.10 (+9.86)
3,715+100+420+632 = 4,867 (+2,357)
Roth IRA Basis:
Roth IRA Cap Gains/Divs:
-241 Gains 12/31
+46 2014 DRIP
+94 2015 DRIP
My Contribution Basis: 1508
Company Match: 1508
Total: 3,016 (+510)
CC Cash Back:
+16 Chase, +8 AmEx
“Liquid” Assets (cash, stock and retirement):
73 (-21) (0%)
Paid on loan: 50
Balance: 23,902 (+64)
Monthly Income: 3,993
Monthly Assets Change: +2,085
Monthly Liabilities Change: -59
Monthly Net Worth Change: +2,144
Monthly Savings Rate (IRA/401k+Match/Investments/Cash/StudenLoan(No Cap Gains/Divs/CB)): 51% or $2,033!
Blessed month this December, as a lot of things treated me well and fell into place. Christmas rewarded me with over $330 in cash to deposit, as well as a $200 addition to the personal assets category with some high-quality power tools and a few other quality items. I was able to utilize 10 hours of overtime per week this month, which added a hefty sum to my savings. My work allows weekly changing of W4’s, so I changed my last few weeks of the month to claim exempt. I calculated my estimated tax return and it was well over the $1,500 mark, so I decided to reduce that by exempting the last few weeks to get cash in my pocket sooner!
I have been actively house hunting and am nearly prepared to begin on the journey of homeownership. I have been able to save aggressively this past month, and hope to do so next month as well, to help pay for the down payment and other fees associated with the task of buying a home. I plan to deduct whatever else I need out of the IRA, as painful as that may be. There will be no fees or penaltys for it, and it will allow me to hit the 5% down-payment mark in order to achieve the best rate from my lender.
I also decided to liquidate the Lil’ Sizzlers portfolio over the next few weeks to add to my cash funds for the house. The portfolio was intended for long-term dividend income, however, I did this before learning how important a large emergency fund and tax-efficient investing was. I probably won’t rebuild the porfolio after I liquidate it for at least several years, if ever. In the meantime, my savings will go toward the Roth IRA, 401k or student loan payoff.
I will continue to save hard and watch my spending while working towards this goal. It’s finally time to stop wasting $950 per month of our money on rent, and have it go towards a forever home that can grow in value and add equity. I have rented for six years now, and it’s time to finally bite the bullet and take charge of this daunting task. Tune in next month for further updates!