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.
We’re finally making some progress again, this was welcome news when I went to calculate all of this in May. This was to be expected based on the net worth increase in April, but it’s always nice when the numbers are able to confirm it. The temporary lower expenses may have boosted my retirement estimation target the past few months, but now I know that my net worth will be the contributing factor.
It’s been a long several months, seems like I’ve been in and out and visiting hospitals more than I’ve been at home. And while you may not have seen any actual blog post updates, I have been doing my best to keep track of all the numbers in the background with plans to release the posts with updates. April was a great month for me, receiving a bonus at work and boosting my net worth to the highest level after a few months of flat and little to no progress. Obviously my savings continued at the same pace, but the market was just not cooperating. This was a reversal of that trend!
There’s not too much to report once again this month, with my net worth remaining flat. Probably the only variable that has really changed is the fact that I’ve increased my savings rate by bumping up my 401k contribution rate by another percent. I still feel like money has been accumulating in my checking account, and I’d rather be putting that excess into the market where it will hopefully be earning money. When money is just sitting in my checking account I know it won’t be doing anything!