I’ve been anxiously waiting to run these numbers pretty much all month. February was crazy spendy, March was calm, and April was pretty awesome in the upwards net worth sense. Early in the month, I got my income tax refund, which went directly to the down payment savings account. I then found out that I’m getting a pretty awesome raise (re: more money to savings, permanently). And near the end of the month, I had some other money come in (and went directly to the down payment account again), rounding out the month quite nicely. All of that brought my down payment savings goal projection in from January of next year to JUNE. Holy cow.
Cash: $8,200 (up $600 or +7.9%)
April was a pretty normal spending month. Total expenses came in at around $2,800 and there was no travel. If there are no travel expenses, the Cash category doesn’t change much in the month.
Savings: $97,800 (up $5,500 or +6.0%)
- Vehicle replacement: $3,800 (same)
- Down payment: $69,900 (+$5,500)
- Reserves: $24,100 (same)
Reserves includes my auto insurance deductible ($1,000), renter’s insurance deductible ($500), and health insurance deductible ($950), as well as 6 months expenses at $3,600 per month and the interest accumulated.
I cancelled the $250 automatic savings plan for my vehicle replacement savings account because that’s far enough away that I’d rather put the cash towards a higher down payment amount on a condo. Plus, that was just easier since I could only direct deposit my pay into so many accounts.
I got my income tax refund finally, rounded it up to the nearest $100 and sent it to the down payment savings account. It was kind of fun to contribute to it in the middle of the month for once! :) I also got a raise, so more “normal” money than originally forecasted went to the down payment savings account as well. (No, the increase wasn’t all a raise. There was some other money that went directly here too.) I almost transferred ~$100 from the vehicle savings account the down payment savings account on the 30th so that it would round to $70,000 instead of $69,900, but I decided that was silly :)
I’m forecasting right now that my overall savings will surpass the $100,000 marker in May (was September) and that I will hit my down payment savings goal of $76,800 in June of this year (was January of next year).
Investments: $51,800 (up $1,300 or +2.6%)
This includes my Roth and Traditional 401(k), my Roth IRA, and my taxable investments. I also include the employer matching in my 401(k) since I don’t plan on leaving my employer until the 401(k) matching has vested. Obviously if I did lose the matching, that would be reflected in my net worth in the month that I left my employer.
The only activity here this month was my automatic 401(k) contribution. I am now ~1/3 of the way towards maxing out my 401(k) account for the 2012 year!
I lowered my 401(k) contributions for the rest of the year, based on the amount of my raise. I’m still maxing it out at the same time, but I don’t need to contribute as high of a % each month! Right now, I want to put all of my cash savings towards the condo down payment. I will move some money to my taxable investment account once I have that sorted out.
TOTAL: $157,800 (up $7,400 or +4.9%)
I started 2012 out with a net worth of $132,500, so I’ve seen a change of $25,300 or +19.1% so far this year. And here is a pretty graph of my net worth so far this year: