June was a busy month and I didn’t have a lot of time to blog. Things are still busy outside of work now, so I’ve been slower than usual at doing my end-of-month report and I think I’m going to do my June update in several parts.
My end-of-month report starts with…
- Summing up accounts by group (Cash, Savings, Investments) and subgroup (Savings: General, Vehicle, Down Payment; Investments: Taxable, 401(k), Roth IRA).
- Looking at my total assets and determining how much I am up dollars-wise and percentage-wise this month and year-to-date.
- Calculating how much my net worth needs to grow by to reach my net worth goal for the year and an average of that number per month.
- Calculating how many months my investments would last for at $3,000 per month.
- Comparing each of my savings/investments subgroup amounts to the year-end goal.
As I predicted last month due to 401(k) contributions debiting/crediting, my net worth growth in June was lower than normal – “This means that my net worth growth this month [May] is higher than it should be and next month [June] it will be lower than it should be (credit of 4%, debit of 23%). That’s okay.”
I am definitely still on track to meet my net worth goal for the year. I could hit it as early as October or November, so I will definitely hit it by December. That depends on the size of my bonus this month.