What kind of sorcery is this? Seriously, how can it be May already? The upstairs remodel is plugging and chugging along. Got the whole floor gutted over the weekend and the electrician is coming over this afternoon to start running electrical to all the new outlets and recessed lights. Exciting (and expensive) times for us, but I can’t wait to see what it looks like when the facelift is done. Anywhoozle, here is how our money shaped up this last month (spoiler alert: April sucked)…
Cash: $22,293; +$2,770
This cash gain will be short lived after all the bills are paid. April was one of the most expensive months we’ve ever had with Spring Break, basement waterproofing, new windows, and a ton of other expenses. Our credit card bill right now isn’t pretty, but we’ll get to that in the “obligations” section 🙂
Roth IRA: $56,196; –$1,146
My investments have seen better months, that’s for sure. Hopefully the popular saying is true “April showers, bring May
401Ks, Traditional IRAs, etc: $90,063; +$187
Like my Roth IRA, pretty much all of these accounts were down, but thankfully my contributions and 5% employer match brought about a net gain. I really don’t understand why more people don’t take advantage of free company matching when it’s offered.
Taxable investment account: $14,095; -$70
My initial investment back in March was $14,000. So while I am down about $70 over the last month, I’m still “up” $95 on the whole. It would have taken me 12 months to earn $95 in interest if I left these funds in my savings account.
Home equity: $75,626
As long as there are no significant market swings in our area (which there has not been) I plan to just increase my home equity amount by $400 each month. That is the amount of our mortgage payment that goes towards principal. This way I don’t have to try to decipher the insanity that is a Zillow valuation.
Credit Card: $6,500 (change not reflected since balance is paid off each month)
Ouch, just typing that hurts. Our credit card bill is triple its normal monthly value. I’ll be paying this sucker off, in full, before any interest accumulates so my cash reserves will take a pretty gnarly hit. Perhaps it’s time I ask the boss if overtime is an option. Haha.
Taking all the above in to account, this makes our current net worth $251,773. Which means we lost about $2,000 last month. Hopefully we can get upstairs finished without totally breaking the bank and make May a positive month for our finances!
Lastly, here are a few recent Nova pics (6mo old)…
You can see all of my net worth updates here.