As of August 3, 2014, we are $328,104.11 in debt with a mortgage. We currently have $907,352.89 in assets. Our investment accounts are at $482,118.58. Our Net Worth is $579,248.78, up from $570,236.46, last month (1.58% increase).
Normally, I’d do our early retirement progress first, but Fidelity’s NetBenefits pages are borked, so I can’t get definitive statement data – maybe tomorrow.
We’ve had our first Net Worth increase in a few months, despite buying a new car and taking on a loan for it. The markets were very nice to us this month. I am getting about $128 more per month in net salary, and about $30 more per month to my 403(b) – both my contributions and my “match”. I’ll have a slightly decreased contribution in December to true up with the IRS limits.
We have a new car – a Camry Hybrid LE and are loving it. It’s the new “family” car. We picked it up finally on July 17, and we’ve had to fill it up once (and it’s still mostly full). The “estimated miles to empty” indicator starts at 617 miles with a full tank. Dad’s driving it until we get to winter, then he’ll be driving our RAV since he’s the primary transportation for Daughter Person, and the RAV does better in the snow. I get to drive it on the weekends though We’ll be putting it through it’s paces in August with two long car trips planned: one to Sesame Place outside of Philly and one to Baltimore to see Dad’s family.
I made a reduced payment on the RAV this month due to cash flow issues. We put Daughter Person’s ear surgery on the credit card, it’s due this month, and I’m trying to survive without pulling it out from our HSA investments, so cash is a little tight this month – I paid just over the minimum needed on the RAV for the month to give us some cash cushion until we can get back to living on last month’s income.
We’re finally stabilizing in the new house and have unpacked everything except the basement. We can even fit both cars in the garage! With Daughter Person’s surgery over, we should be spending a lot less in August. I’m not focusing on the debt repayment until we can build up a good buffer and emergency fund, after all, everything except the mortgage is 0%.
Debt (in the order we’re paying it down):
- Car loan – RAV4 (0%): $10,250 (-250.00)
- Car loan 2 – Camry (0%): $25,908 (-450.00)
- Mortgage (3.875%): $291.946.11 (-480.84)
Total paid off in July: $1,180.84