During my last net worth update I offered up $100 to any reader who could give me a boy name that GN and I liked so much we decided to use it. One of those names is on our short list. In the top 2 actually. Nothing is locked in yet so feel free to keep contributing. As soon as we’ve made a decision I’ll be announcing it here!
Enough small chat, here’s a recap of our last month (spoiler alert: it was awesome)…
Cash: $40,389; +$7,935
Had a good month as far as cash flow is concerned. Made some decent money online which always helps. I’m looking to drop our cash reserves down to $10,000 or so in the next few weeks and finally start investing in taxable accounts, for short term investing.
Roth IRA: $50,587; +$2,308
Still need to put money in here for my 2014 Roth Contribution. Will probably use some of the cash above to make that happen. Investing for retirement isn’t my favorite thing in the world, but that doesn’t mean I shouldn’t do it.
401Ks, Traditional IRAs, etc: $87,968; +$6,266
Last month’s trend was down on all accounts and fortunately, the opposite is true this month. I’ll take an $8,000 gain in my investment accounts over a 30 day period any day. That’s more than Girl Ninja and I bring home. Woohoo.
Home equity: $74,226
If we sold our house today I think we’d reclaim all of our down payment, but probably not much else (due to the transaction costs of selling a home). The amount above reflects how much cash I think we’d walk away with if we put our house on the market right now.
Credit Card: $2,443 (change not reflected since balance is paid off each month)
I did something I’ve never done before that cost us a lot of money. I finally paid our car insurance in one lump sum payment, instead of on a monthly basis. Safeco charges me a $2 transaction fee each month, so I decided to say screw that and pay my premium in full. Hurts the credit card statement a little this month, but saves me money in the long run.
I’m so pumped to announce…
WE ARE OFFICIALLY QUARTER MILLIONAIRES.
That’s right, our Net Worth currently stands at $250,726 . Which means we jumped up over $17,000 last month. It’s crazy and I don’t necessarily understand it, but like I’ve said before, you don’t need to make a million dollars to be a millionaire.
And here is my obligatory dog picture, Nova fully engaged in Dr. Phil…
You can see all of my net worth updates here.