|taxable assets – debts||$70,600||$58,400||$56,200||+$2,200
|$ until FI||$811,300||$849,300||$806,500||-$42,800
This month, I continued to work on maxing out my after-tax 401(k). I have 3 more paychecks of that left. I also sold some ESPP and moved the money to my general savings account. It turned out that when I transferred 2x as much as usual to my checking account for July, I really only needed the normal amount, oops! So I only transferred about $200 to my checking account this month. That resulted in a 105% savings rate for July and a combined 58% savings rate between June and July.
Expenses: I spent $3,578 in July including the mortgage or $2,551 without it. Some of my controllable expenses broke down as follows:
- $0 clothing
- $33 Entertainment/Social [average so far this year: $133, average last year: $211] – this was all eating out with friends.
- $10 Eating out by myself [average so far this year: $6, average last year: $18]
- $12 Work lunches [average so far this year: $56, average last year: $147] – I brought my lunch every day until our fridge had an issue and then I bought lunch on two days because of that.
- $114 A birthday present and a donation to a friend’s GoFundMe campaign (my donations account isn’t all for deductible donations!)
- $1,456 Housing: regular HOA dues, annual condo insurance policy, repairing the fridge, and buying a new guest bathroom sink.
- $ Annual umbrella insurance policy
- $20 Eyebrows
- $0 Toiletries [average so far this year: $39, average last year: $33]
- $120 Shopping – A second can of paint and some painting supplies that we’d forgotten about with the first trip. Also some plants for the balcony.
- $481 Transportation: six month car insurance policy and one tank of fuel
- $78 Travel – my half of the rental car
As per usual, housing was 70% of my spending this month. I’m expecting it to be about 90% of next month’s spending.
PSA: Make sure to shop around for insurance every few years. I was able to save 25% on my package of insurance policies by shopping around, from what my previous insurance carrier wanted to charge me.
Savings: $55,600 (up $6,000)
These funds are spread across a checking account that gets free ATM fees anywhere in the world, my current employer’s health savings account, a health savings account at my credit union, a bit of a buffer in my credit union checking account, and general and grad school savings accounts at Ally.
This is up from my HSA getting a nice boost this month, as well as me transferring the ESPP proceeds to my general savings account, which is back up to $18,000 and a balance I’m much happier with. The plan for non-retirement savings for the rest of the year is to boost this account up to $30,000, top up the grad school savings account a bit more, and then pre-pay the mortgage.
Investments: $206,500 (up $3,400 or +1.7%)
This includes my pre-tax 401(k), employer 401(k) matching, my after-tax 401(k), my Roth IRA, and my taxable investments including stock index funds, Series I Savings Bonds, and ESPP cash/shares.
The change here comes from:
- Large contributions to the after-tax 401(k)
- Employer matching contributions (almost double what I got at my last job!)
- A month’s ESPP deposits
- A quarter’s ESPP contributions sold
- My investments were mostly flat this month
Some statistics here:
- 2.5%: the interest rate on my 5/1 ARM
- January 2018: when the interest rate on my mortgage is set to reset, possibly to 7.5%
- 28.1%: portion of my regular payment went to interest (originally was 59%; down 0.2 percentage points)
- 61.5%: amount of equity in my condo, assuming purchase price (up 0.3 percentage points)
- 51.8%: amount of the mortgage I’ve paid down (up 0.3 percentage points)
I’m just letting the regular, automatic payment go for now, until my cash savings is at the level I want and my 401(k) is fully maxed out for the year.
TOTAL: $582,000 (up $7,800 or +1.4%)
I ended 2014 with a net worth of $531,600, so I’ve seen a change of +$50,400 or +9.5% so far this year. I’m going to set the y-axis on this graph to $650,000 so we can see how my net worth grows towards that throughout the year.