|taxable assets – debts||$70,600||$51,000||$46,100||+$4,900
|$ until FI*||$811,300||$851,300||$826,900||-$24,400
*$ to FI=(average monthly spending over the last 12 months – mortgage payment)*12*25 + condo value – net worth
The stock markets seemed mostly flat overall for November, so this month came out nicely. (And I haven’t registered for January grad school yet, so those thousands of dollars haven’t come out.) It’s looking like I’ll hit my $30,000 in general savings goal in January, rather than in December at this rate. My savings rate was 63% this month.
It looks like I’m on track to have my smallest annual net worth increase since 2010 this year. My net worth went up $22,000 in 2010 and then about $78-79,000 in 2011 and 2012. My estimate at this point is that I’ll fall just short of $600,000 this year for an increase of $67,000 for the year. Pretty much all of that went into my retirement accounts. This year feels like it was all about being slow and steady and not concentrating on money, which is probably for the best to do every once in a while.
Expenses: I spent $4,469 in November including the mortgage or $3,622 without it. Some of my controllable expenses broke down as follows:
- $519 Clothing
- $126 Athletic wear: online shopping for some base layers and return from last month ($164). Final cost from this month’s items should be $167.
- $22 Bottoms: 2 pair tights
- $105 Dresses: some returns and purchased 8 dresses, 6 of which I returned. Cost of those 2 dresses I’m keeping is $174
- $240 Shoes: 3 pairs of new flats ($110, $54, $77) to replace ones that don’t fit anymore
- $26 Tops: two long-sleeved tops
- $78 Entertainment/Social [average so far this year: $126, average last year: $211] – some cash (~$20) and eating out with friends ($55)
- $0 Eating out by myself [average so far this year: $6, average last year: $18]
- $15 Work lunches [average so far this year: $39, average last year: $147] – I was lazy during the short week…
- $109 Presents – starting on my Christmas shopping. I’m now done with 4/9 people! And I did not finish the rest in November, oops!
- $6 Housing miscellaneous – a couple light bulbs and some pins
- $78 Cell phone – This is the first time I’ve paid for my cell phone bill other than new SIM cards since June 2013 thanks to a healthy stream of referral credits (thank you readers!). It feels strange to pay for it again. This covers the $25 activation fee on Cricket (oops at poor planning on that), $40 for the “Basic” plan which gives me 2.5 GB of data (more than enough as I’ve averaged ~200 MB over the last 4.5 years) and $9.99 for a Cricket SIM card. Next month, I’ll pay $35 to Cricket and a small amount to Ting for my last bill.
- ~$100 Dentist
- $20 Eyebrows
- $67 Toiletries [average so far this year: $48, average last year: $33] – Stocked up on bra washing soap, bought another cleanser to try, and bought a moisturizer.
- $2,000 Shopping – new laptop (it was time to replace my 2011 model) and parts to upgrade my desktop computer
- $102 Transportation: tolls replenishment (x2) and two tanks of gas
Yes, I’ve been spending a lot on clothing this year. But a) I can afford it while still having a healthy savings rate, b) I’ve been changing sizes a lot, which has resulted in not a good selection of clothes, and c) my overall spending for the year should still come in under (or around) last year’s. For example, I found myself getting dressed to go to an event with a closet full of dresses (about 10-15 that I’ve bought over the last ten years) and only one fit. I’ve remedied that now, so I’m hoping that I’ll manage to slow down my clothing spending.
Savings: $62,700 (up $3,100)
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.
- My grad school savings account is (as of October) at the amount I need it to be to pay for the rest of my grad school in cash, if necessary.
- I’m contributing the maximum to my HSA this year.
- The rest of the savings increase went to my general savings account, which I’ll be focusing on for the rest of the year.
- Actions: I bought $10,000 of Series I Savings Bonds with part of my general savings account and transferred part of my grad school savings account somewhere else to get a deposit bonus.
Investments: $212,200 (up $1,400 or +0.7%)
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:
- Employer matching contributions
- A month’s ESPP deposits
It’s hard to believe it’s almost time for another round of 401(k) contributions. It feels like I just finished this year’s!
Mortgage: $134,900 (down $700 or -0.5%)
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: $597,700 (up $6,300 or +1.1%)
I ended 2014 with a net worth of $531,600, so I’ve seen a change of +$66,100 or +12.4% 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. (Hah!)
I’m feeling lazy with the chart tonight. I promise one next month.