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1st of the month updates

December 1st, 2014 at 04:06 am

I technically made my November goal of increasing my net worth by $5,850.98. Here's how it worked out.

House: +1359
Beneficiary accounts: +1235.26
IRA: +551.66 (458.33 deposit + 93.33 market appreciation)
Work retirement: +66.78
Short term savings: +1307.04 (1300 deposit + 7.04 interest)
Long term savings: +406.72 (100 deposit + 306.72 market appreciation)
Credit cards (paid in full each month): -2408.35

...The credit card total is a little misleading. I scheduled a payment for the 1st, so my total spending on the credit card is down significantly, but the corresponding amount has not been taken out of my bank account yet. I technically did not make my goal this month, but since I run the numbers the same time every month I am going to count it. I will probably not make my goal for next month.

December goal: increase network by $5,846.02.

These goals might start to get harder to reach because I have gotten the process rolling for getting braces. So far it has only cost me $32 and I have used my HSA to pay for it. I'll be getting another deposit in my account next month, and it might have about $1000 in it by then, but I'll have to either start contributing to it, or using some of the money I've saved in my short term savings account. I've been putting $500/month in there for the purpose of braces so it is definitely planned spending.

Still need to get the food spending under control. I have been working on a project that has been especially stressful and need to devote as much time to it as possible. Hopefully that will end tomorrow morning and I can tackle the food spending with renewed vigor.

2 Responses to “1st of the month updates”

  1. llabruce4 Says:

    Good luck with your goals. I really wish I would have been as proactive with my finances at your age. ( That sounded really old, considering I am only in my 30's but you know what I mean) Also, congrats on being debt free, that must feel amazing

  2. jokeabee Says:

    I can't take all the credit for my financial situation. I did receive an inheritance that has allowed me to tackle my debt and save more money than I otherwise would have. But I try not to think of it as "my" money so I am not tempted to blow it. I am doing my best to be a good steward of it, and barring any catastrophic situations I probably won't have to worry too much about retirement. (I probably still will, but I won't be in a situation where I can never retire.)

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