I still haven’t met my net worth goal of $100,000. The numbers went down this month because I spent a lot of money. I emptied out most of my vacation savings account booking a trip for part of next winter and I bought a new laptop. I budgeted for both of these, so I’m not upset about not meeting the goal, but it does hurt a bit to see my overall net worth go down for the first month since I bought my car. The investment losses certainly didn’t help, but what I can control is the spending and that was all budgeted for.
In October’s update, I commented on the fact that the dividends on the bond fund in my 401(k) have been going up slowly each month since June and contemplated whether the dividends for the fund in November would surpass $10 and they did! I like those small excitements :) I think that’s also partially why I’m so good at saving – somehow $0.50 of interest can still excite me, no matter how much money I have.
I am getting excited (yes, I’m crazy!) watching my 401(k) get closer and closer to being maxed out for the year! I only have about 30 days to wait for that to come true :) Sometimes I can change the Plan too often when I get anxious, so I am really proud of myself for making this goal a priority. It has been amazing to watch the balance year-to-date grow on the Vanguard website, even though I’ve seen investment losses most months this year.
Due to the laptop purchase, I didn’t put as much into my down payment savings fund as I had hoped this month, but it’s still moving along slowly. I’m pretty confident that I will reach the $27,000 goal that I had set for myself at the beginning of the year.
I am not a big eater, so being single, I think I actually save quite a bit on eating out and groceries. It’s difficult to compare the numbers exactly and do a good A/B analysis to determine a specific dollar amount that I save, but it’s definitely something and noticeable in my spending analysis, which is interesting. Other people have suggested that it’s cheaper when you’re not single, but I think that only would apply to housing expenses for me.
I’ve been wondering whether or not I would qualify for a mortgage when I wanted one based on my small credit history report, but I did in fact qualify for pretty good rates and at the purchase/loan amount that I’m looking at. I’m still in the process of looking for a particular place that I want to buy and live in.