Net Worth Update – June 2018

My net worth increased by almost 10 percent in June. Yay for months with 3 paychecks:

Liquid Assets Start End $ Change
Cash & Checking $1,085 $1.418 +$333
Emergency Fund $4,575  $4,818 +$243
Savings Goals $365 $365 $0
Brokerage Accts $1,080 $1,203 +$123
Illiquid Assets Start End $ Change
Savings Bonds $1,603 $1,453 ($150)
Home Equity $16,000 $16,455 +$455
401K $31,760 $34,236 +$2,476
Roth IRA $22,641 $23,461  +$820
Liabilities Start End $ Change
Credit Cards ($341) ($387) ($46)
Loans ($17,368) ($15,809) +$1,559
Net Worth $61,400 $67,213 +$5,813
% Change +9.5%

I was not able to allocate my third paycheck amongst the various funds like I had outlined in last month’s post.

Spending

This was my first month operating under my new (increased) budget. I had a (minor) surgery in the beginning of the month and that kind of threw things off. I was able to stay within budget, but it was hard!

Category Budgeted Actual Remaining
(1) Bills & Utilities $275 $237 $38 under
(2) Food $300 $287 $13 under
(3) Medical $- $526 $-
(4) Everything Else $300 $338 $38 over
Total (1+2+4) $875  $862 $13 under

My medical expenses were fairly high in June and I expect July slightly higher.  I plan to judiciously cut back on the frequency of my medical appointments since my FSA balance is getting low. If I do end up draining my FSA, I’ll lower my contributions towards my 401K loan. That way I’ll have more money to set aside for medical expenditures. Managing a chronic illness is expensive.

Coming in July

Lately I’ve been pretty terrible about posting anything other than net worth updates. Life’s been kind of crazy with my health issues. I am hoping that I’ll be up for a few July posts detailing how I use google sheets to manage my finances. I’ve become increasingly reluctant to use aggregation platforms like mint and personal capital.

 

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