Wow - I didn't realize its been 5 months since my last review. Time to get back on track....
Here's to the Numbers (since May2015)!!
Cash - $25,503 (-$3,600)
Investments - $183,545 ($13,076)
Home Value - $366,000 ($0)
Personal Assets - $66,950 ($19,250)
Less: Liabilities - $315,320 ($10,236)
Assets -
Investments - The market has been crazy since May. It was down 12% in August but then had its best month in 4 years in October. However, the selling of vehicles attributed to a $8,750 contribution to our investing account.
Personal Assets -
We said goodbye to the 2006 Sonata and the 2009 Acura MDX!! First, we're taken over the payments on my mother-in-law's 2012 MDX. The payments were roughly the same and will only extend the life of our loan by 6 months. As a condition of this arrangement, I needed to get a new car. My mother-in-law did not like her grandchildren riding around in a 2006 sedan with 110,000 miles on it. So, I bought a 2013 Sonata Hybrid! It's been 6 weeks and I've purchased one tank of gas!
Liabilities -
Mortgage - $287,130 - Steady payments. Nearly back to our principal pre-refinance.
Student Loans - $2,141 - Just making our usual $100/month payments. At 1.26%, I have no concern with paying them off early.
Acura Loan - $12,143 - 0.9% interest.
Sonata Hybrid - $14,388 - 3.99% interest.
Here's to the Numbers (since May2015)!!
Cash - $25,503 (-$3,600)
Investments - $183,545 ($13,076)
Home Value - $366,000 ($0)
Personal Assets - $66,950 ($19,250)
Less: Liabilities - $315,320 ($10,236)
Assets -
Cash - So the wife has not been working for 6 months and we've been consciously allocating more savings into mutual funds than our checking accounts. I expect this to go up slightly as the Prof returns to work today but we'll still be pushing for more stock market returns in the future.
Investments - The market has been crazy since May. It was down 12% in August but then had its best month in 4 years in October. However, the selling of vehicles attributed to a $8,750 contribution to our investing account.
Personal Assets -
We said goodbye to the 2006 Sonata and the 2009 Acura MDX!! First, we're taken over the payments on my mother-in-law's 2012 MDX. The payments were roughly the same and will only extend the life of our loan by 6 months. As a condition of this arrangement, I needed to get a new car. My mother-in-law did not like her grandchildren riding around in a 2006 sedan with 110,000 miles on it. So, I bought a 2013 Sonata Hybrid! It's been 6 weeks and I've purchased one tank of gas!
Liabilities -
Mortgage - $287,130 - Steady payments. Nearly back to our principal pre-refinance.
Student Loans - $2,141 - Just making our usual $100/month payments. At 1.26%, I have no concern with paying them off early.
Acura Loan - $12,143 - 0.9% interest.
Sonata Hybrid - $14,388 - 3.99% interest.
Total Joint Net Worth - $326,193. A 5.8% increase since May and 9.8% since Year-End!
