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December goal progress

January 8th, 2015 at 05:09 am

I calculated everything on January 1st but forgot to post anything.

I most definitely did not make my goal progress to increase my net worth by $5,846.02.

In fact, my net worth decreased by -$2,396.15. So that's a bummer.

One of my beneficiary accounts sent me my RMD, but I didn't deposit it until January. Overall, the markets had my accounts down but my IRA and work retirement were both up because of contributions. My credit card usage was up also, but artificially because the payment posted earlier last month to make it look like I hadn't spent as much. Other than that we had extra expenses due to buying the house-earnest money, inspection costs and appraisal fee.

January's goal is $5,942.98, but I doubt I will any where near it because of the house and they way the house will be figured into my net worth.

My partner and I are purchasing the house together. I am putting up a majority of the down payment, and he is going to pay the mortgage solely until he catches up to the amount of money I put in and we "even out". Then we will split the mortgage payments evenly. So, I will only count half of the house's value into my net worth and count half of the mortgage as my responsibility, even though I put in more than half the money to buy it. It will work out over time, but it puts a slight sprig in the wheel of my completely arbitrary goal Smile

2 Responses to “December goal progress”

  1. rob62521 Says:

    Sorry about the loss. Are you invested in the stock market because it certainly has been more downward than upward the last few days.

  2. jokeabee Says:

    I am invested in the stock market. I am not worried though because I am not planning on touching/needing the money for 40+ more years, so it has plenty of time to make up for the losses of last month/early this month.

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