|assets – debts
Cash is up because I used the residual from June’s paycheck to pre-pay the mortgage.
Expenses: I spent $1,940 in June ignoring work reimbursable expenses, which is much better than last month and a touch under my spending goal for the year (under
$30,000 $24,000 in non-mortgage expenses). That puts 2013 so far at $15,370 or an average of $2,561/month. This would project forward to $30,740.
Some of my controllable expenses broke down as follows:
- $74 Clothing (more breathable running tank top and nylons)
- $239 Entertainment/Social ($156 average this year)
- $68 Eating out by myself ($33 average this year)
- $85 Groceries ($159 average this year)
- $135 Work lunches ($80 average this year, $171 average this year)
- $21 Cell phone
- $31 Internet
- $93 Electricity (lowest it’s been so far!)
- $28 Household goods
- $164 Household repairs and services
- $17 Medical and dental
- $20 Eyebrows
- $4 Toiletries
- $75 Sport #3
- $66 Fuel and tolls ($30 average this year so far, $38 average last year)
- $198 Travel (prepping for my July long weekend trip)
This month was pretty okay for spending, despite completely blowing my clothing, entertainment, eating out, and work lunches budgets, calling a handyman for something (the $164 charge), and driving over 600 miles. I said ‘yes’ to a lot of social things this month and I had a lot of fun. I spent very little time at home and enjoyed our beautiful summer weather! Hence all the driving and things being a bit spendier than usual. I think the damage isn’t that bad for not paying attention to what I was spending all that much :)
Savings: $23,400 (up $300)
- $20,100 in an online savings account
- $600 in a checking account that gets free ATM fees anywhere in the world (for a just in case backup)
- $1,500 in a Chase checking account for 6 months ($200 bonus for opening the account!)
- $600 Condo furnishing sinking fund
- $600 in my new Health Savings Account (up $300)
I’ve decided that for now, I’m going to use the funds in my HSA account to pay for health expenses. I may re-evaluate next year, but that’s what I’m going to do for now.
Investments: $104,600 (down $300 or -0.3%)
This includes my Roth and Traditional 401(k), my 401(k) employer matching (fully vested!), my Roth IRA, my taxable investments including stock index funds and Series I Savings Bonds.
You might question my counting my Series I Savings Bonds under Investments vs Savings. I’m counting them here mostly because of their tax-deferred until maturity nature. I also consider them part of my emergency fund, but in reality my entire monetary (i.e. non-property) net worth is my emergency fund, so that doesn’t necessitate it being part of savings.
The change here comes from:
- 401(k) contribution from my May paycheck, including employer matching
- Over $600 in dividends
- Some market losses (more than what I put in this month!)
Mortgage: $229,800 (down $700 or -0.3%)
My mortgage is a 5/1 ARM at 2.5%. Before the refinance, it would have been paid off November 1, 2038. ~$26 less was paid in interest with the June 1st payment versus the May 1st payment.
Not much happened here this month since I just made the regular payment from my original loan. But! The balance did roll under $230,000 :)
I estimate with the extra principal payments in June that the payoff date is still at August 1, 2038. I need to send an additional ~$11,700 in extra principal payments this year to stay on track with the five year payoff plan, which I am on track to hit by the end of July.
TOTAL: $267,100 (up $3,700 or +1.4%)
I ended 2012 with a net worth of $211,300, so I’ve seen a change of $55,800 or +26.4% so far this year. I’ve set the y-axis on this graph to $315,000 so we can see how my net worth grows towards that throughout the year. I’m currently projecting hitting $300,000 around September to November and $330,000 by the end of the year, for a total yearly increase of almost $120,000.
Interesting fact: my net worth increased by $78,800 in all of 2012. Six months into 2013, it is up $55,800 or about 71% of that figure.