Welcome to Fall, even if it is increasingly just becoming an extension of Summer at this point. September was a decent month financially, spending was fairly average and I continue to save at the same pace. I had some larger credit card bills leftover from August, so there was a decrease in my checking account. There was also the fact that the market has been relatively flat to down this entire month, erasing most of the gains I was seeing during the Summer months.
I am working on the climb towards $150,000 by the end of the year, and this month solidified my progress towards that goal. I was able to post gains pretty much across the board, and that was with a lot of travel expenses! I think the peak of my spending has already occurred as well, so it probably comes down to more of what the market is doing on whether or not I am able to hit my goal.With my current savings rate, I’ll probably fall just short of that goal – so there will need to be some sort of boost from the market if I’m going to make it there.
After a June net worth summary that was less than desirable, I was able to come back in July with some good news and a positive trend change. My net worth is now back into the positive in a huge way this month. I know there are going to be down months eventually, especially if the market decides it isn’t going to cooperate, but it’s always nice to instantly reverse a negative trend as well. The other good news is that spending was actually down in July as well, which is traditionally a higher spend month for me.
June finally brought in Summer weather and sunny skies, but it didn’t do the same for my finances. This will actually be the first month that I report a decrease in net worth, or at least a substantial decrease. I did have a few months in a row from November to January that were extremely flat, but not quite like this. Although it makes the calculations and numbers not as fun, it’s only a blip on the radar. My savings rate continued at the same exact pace, so I’m not worried. That is the benefit of having everything done automatically, I can’t even touch that money before it’s put away into savings. Continue reading
May was another good month for me financially, keeping with the positive trends in most categories. Spending was up this month slightly, but that didn’t seem to affect my overall savings rate and I still posted a positive net worth gain. Most of the increases in spending were due to booking vacations for the Summer along with more general travel expenses. It seems like if I continue this pace, a $150,000 net worth is just right around the corner.