One other good month for the markets in Feb! And nearly again to the place we have been in September when it final peaked! Solely $24,135.31 to go for us to get again there, haha, how about you?
Right here’s a enjoyable snapshot of the way it’s gone for us the previous few months… One thing tells me that is just the start of what’s to come back 😉
(A delta of virtually $100,000! Wild!!)
In different information, we lastly wrapped up our taxes for the yr and had two little surprises!
Shock #1: we’ll be getting again a refund of virtually $5,000 this yr! Woo!
Shock #2: all that $5,000 will likely be wiped away as we caught an error in final yr’s return and needed to re-file and pay again taxes, womp womp…
So just about we’re Even Steven, which I suppose is worse than being within the gap? 😉
How’d you guys do? Otherwise you nonetheless pushing it off as a result of it’s annoying as BALLS to file??
On the plus facet, we discovered we will max out our SEP IRA this yr on as much as $14,000 and a few change, so I very fortunately moved a few of our surplus money into it which is why you’ll see a pointy soar in that part of our value, and a scary purple quantity within the financial savings one 😉
Aside from that, it was a fairly low key month!
Right here’s How February’s Numbers Went Down:
[NOTE: This is part of our Net Worth Series where we show a real-life snapshot of money (my money!) in hopes it helps put more perspective around this stuff… Some months we’re up and others we’re down (way down!), but it all gets displayed here – the goods and the bads – and then we discuss whatever you’d like in the comments section 🙂 Here’s Net Worth Report #133!]
CASH SAVINGS (-$11,974.78): BOOM!!! RUN FOR THE HILLS!!! Haha… An enormous drop, however as talked about above on account of maxing out our SEP IRA for the yr which we do in a single clump as a substitute of month-to-month, because it’s tied to enterprise income and I by no means know precisely how a lot we’ll should play with ’til the tip. Not preferable, however it saves me from making one other mistake once more.
THRIFT SAVINGS PLAN (TSP) ($1,050.97): Nothing too wild occurring right here, however it’s a little bit decrease than normal I believe on account of my spouse’s new job change and contributions/advantages getting a bit wonky. However as long as her *paychecks* don’t get wonky once more (*ahem* gov’t shutdown), we’ll fortunately bide our time and let the system catch up as it is going to 🙂
BROKERAGE ($1,817.77): One other candy bump right here, however nothing out of our personal doing as we kinda simply plopped the preliminary $50okay in it final yr to diversify extra from all our retirement accounts. Most likely gained’t add something new in it for some time until we get an sudden windfall or one thing.
ROTH IRAs (+$four,841.07): Identical cope with these unhealthy boys – nothing new added, though we do should determine now if we wish to max out for the yr or not? We usually push ourselves to do it, nonetheless my spouse hit me with a doozie over the weekend and now I’m unsure what’s up or down or throughout, haha.. Extra data on that as quickly as I can wrap my head round it, however for sure it’ll have a fairly large affect on our funds if we find yourself going via with it 😉
SEP IRA (+$33,486.69): One of the best a part of the month! The place we threw in an additional $14,317 to the pot and maxed out our contributions for the tax yr – woo!! I want it was executed when every thing was crashing round us so we might scoop it up on low cost, haha, however hey – that’s precisely why I by no means attempt to time the market – I fail each time! 😉
Right here’s a snapshot on how our investments (VTSAX) has fared through the years since transferring to indexing with Vanguard… Try that return fee!
CAR VALUES (+$111.00): And lastly, we now have the vehicles… which for the primary time in numerous years truly went UP in worth! Haha… Who is aware of why that occurs when it does (perhaps persons are accumulating beat up Toyotas now?!), nonetheless within the spirit of continuity we’ll let it’s as that’s what we’d be counting on if we have been to exit and attempt to promote them immediately… Which we’re not, however in the future!
Per Kelly Blue Guide:
2008 Lexus RX350: $7,254.00 (paid off)
2005 Toyota Corolla: $2,485.00 (paid off)
And that’s February! Whole change in internet value: (+) $29,332.73
Oh, and final however not least – our cute little infants’ internet worths… as a result of lil’ ones want cash too! 😉
As you possibly can see, we don’t discriminate between child toys 😉 What child needs, child will get! (As long as it retains him pleased for a scorching minute whereas daddy churns out these weblog posts!!)
Your flip! What did your cash do final month??? Anybody hit their first $10,000?? $100,000??? Anybody repay all their money owed and are operating round of their underwear proper now screaming their heads off in pleasure??
That’s a scene I’d a lot quite watch than a boring ol’ Dave Ramsey yell 😉 Hey Dave!! Why don’t you spice it up once in a while and let individuals flash some pores and skin! You possibly can name it the “Debt-free, and Garments-free, scream!” It’s all about baring all of it, proper???
And I’ll cease there, haha…
Questions/feedback/issues (aside from the nudity stuff), share beneath and we will focus on!
Your buddy in cash,
PS: Listed below are a few spreadsheets to assist observe your cash and/or internet value in the event you’re seeking to get began (and love manually monitoring it as I do :)):
In case you’re not a spreadsheet man like me and like one thing extra automated (which is okay, no matter will get you to take motion!), you possibly can strive your hand with a free Private Capital account as a substitute.
Private Capital is a cool software that connects together with your financial institution & funding accounts to offer you an automatic solution to observe your internet value. You will get a crystal clear image of how your spending and investments have an effect on your monetary objectives (early retirement?), and it is tremendous straightforward to make use of.
It solely takes a pair minutes to arrange and you’ll seize your free account right here. Additionally they do a whole lot of different cool stuff as effectively which my early retired buddy Justin covers in our full evaluate of Private Capital – test it out right here: Why I Use Private Capital Nearly Each Single Day.
(There’s additionally Mint.com too btw which can also be free and automatic, however its extra centered on day-to-day budgeting quite than long-term internet value constructing)
Jay loves speaking about cash, accumulating cash, blasting hip-hop, and hanging out together with his three stunning boys. You possibly can take a look at all of his on-line initiatives at jmoney.biz. Thanks for studying the weblog!