Any month I don’t have to touch my slush fund is a good month. In July I did not touch my slush fund.
Net Worth
This was a three paycheck month and it shows. My net worth sits at a comfortable $142k, up $8k (6.0%) from last month. All my asset categories increased or stayed the same:
Liquid Assets | Start | End | Change |
---|---|---|---|
Cash & Checking | $2,500 | $3,300 | +$800 |
Emerg. Fund | $7,600 | $7,600 | +$0 |
Savings | $3,200 | $3,500 | +$300 |
Brokerage | $1,900 | $3,500 | +$1,600 |
HSA | $2,000 | $2,300 | +$300 |
Illiquid Assets | Start | End | Change |
Bonds | $0 | $0 | $0 |
Home Eq | $31,200 | $31,700 | +$500 |
401K | $58,900 | $62,800 | +$3,900 |
Roth IRA | $30,300 | $30,900 | +$600 |
Debt | Start | End | Change |
Loans | ($3,400) | ($3,300) | +$100 |
Net | $134,200 | $142,300 | $8,100 |
% Change | 6.0% |
I did a projection of my net worth, and barring a stock market downturn, my net worth should reach $200k sometime next year. It’s crazy to think that my second $100k may come one year after my first. Admittedly, a lot of the increase will come from my condo’s appreciation. The real estate market in the DC metro is unbelievable.
Spending
I went $60 over budget this month due to pesky medical expenses:
Category | Budget | Actual | Diff |
---|---|---|---|
(1)Bills & Utilities | $310 | $266 | $44 under |
(2)Food | $300 | $268 | $32 under |
(3)Medical | $- | $176 | $- |
(4)Misc | $500 | $460 | $40 under |
(5)Sinking Funds | $- | $- | $- |
Total (1+2+4+5) | $1,110 | $994 | $116 under |
Total + Medical (3) | $1170 | $60 over |
Not shown is the extra $125 I earned. Broken down my spending went towards
(1) Bills & Utilities
The budget and spending for my bills and utilities is higher than usual because of the annual renewal of my cellphone service. I budgeted to spend $200 but I actually spent $165 on my cellphone plan.
(2)Food
I am surprised this is so low. I had hellofresh delivered twice (albeit at a discounted price); I ate out quite a bit; and I ordered Amazon meal kits. I was away for an entire week on a work trip which I’m sure lowered my spending
(3)Medical
My medical costs continue to be higher than I’d like. Boo.
(4)Misc
I had some friends come visit and stay with me earlier in the month, and hanging and eating out with them cost quite a bit of dinero. It was well worth it.
Next Month & Conclusions
In disappointing news, I learned that one of my specialists will cost me $250 each and every appointment. This specialist is the only one in the country, so there is no cheaper alternative. Hopefully with improved health I won’t have to see this or any other doctor frequently come 2020.
It’s now a few days into a new month and I’m trying a no-spend challenge. If all goes well, I won’t be placing any unnecessary online orders in August. It’s not easy, but so far I’ve limited myself to groceries and one makeup brush.