October Net Worth

Cash:
4,256 (-580)

Roth IRA Basis:
6,933 (+150)

401k:
Contribution Basis: 3,381
Company Match: 3,381
Total: 6,762 (+244)

Motorcycle:
3,500

Car:
0 (-1,500)

Truck (Value 5,000):
300 (+100)

Mustang:
1,000

Personal Assets:
7,400

Total Assets:
30,151 (-1,586)

“Liquid” Assets (cash, stock and retirement):
17,951 (-186)

Liabilities

Chase Freedom:
0 (-4)

Chase Unlimited:
0 (-22)

American Express:
93 (+86)

Bank CC:
35

Student Loan:
Paid on loan: 278.16 (166 Principal / 112 Interest)
Balance: 22,622 (-163)

Truck Loan:
4,700

Total Liabilities:
27,450 (-199)

Net Worth:
+2,701 (-882)

Monthly Income: 1,778
Monthly Assets Change: -1,586
Monthly Liabilities Change: -199
Monthly Net Worth Change: -882
Mortgage Principal Paid: 263
Monthly Savings Rate (IRA/401k+Match/Cash/StudenLoan/MortgPrincipal): 355 (20%) x .55 = 11(All expenses are shared jointly, me @ 55%, Fiance @ 45%)

Credit Score:
Credit Karma scores:  746 TU / 739 Equifax
FICO score:  752

Definitely a tough looking month here!  But with some good news as well.  I was promoted at work, and that was the next step in The Plan!  As a result, my pay switched to bi-weekly, so I essentially missed $570 of savings.  My savings rate would be more like 22%.  Going forward, I may have some wonky looking months since I my pay will be bi-weekly, but it should balance out the following month!

I did some naughty spending this month, including an anniversary gift of around $200 and a trip north with the fiance costing around $600 as well in fun, food and shopping.  However, with the new promotion and getting my new routines back in place, I should be coming out on top.  There is some debt I am not tracking due to a joint effort by fiance and I to pay off (8 new tires, exciting!), so the cash savings may be lower than normal, but a few months from now everything should be settled and on the way to glory!

I sold the car, but a large chunk went to the ridiculous spending from this month.  Another bit of it disappeared due to paying the Joint account but not getting paid last week, resulting in a ~$425 deficit.  So – this month there was some lack of discipline but also lack of income stability, so it was a rough one all around.  Next month should be looking better!

Advertisements