January’s Numbers (the last I did…)
As of April 8, 2015, we are $316,810.17 in debt with a mortgage. We currently have $930,763.79 in assets. Our investment accounts are at $511,183.09. Our Net Worth is $613,953.62, up from $584,336.14 in January (3.5% increase)
We’ve passed the half-million mark in our investment accounts and have stayed there for about 2-3 weeks now, so we’re probably going to continue staying there until we start drawing down our accounts.
We’re hoarding some cash at the moment to start building a deck on our new house, so I haven’t paid off the line of credit as aggressively as I probably could. We’re pouring the concrete patio in June, and will start building over the winter, so we can enjoy the deck next summer. I’d love to just pull the money from our line of credit to get it done this summer, but Dad has talked be out of that idea. We’re settling for designing it and getting the patio poured this summer. We need to have the deck design so we know where to tell the concrete folks to dig a big hole for a support post. We are going to save a whole lot of money doing it “ourselves” though. I say ourselves in quotes because really, a friend is helping majorly, we’re just providing the money, labor, and food to actually build it. I’m responsible for the design though, so I’ve been trolling google images figuring out what I want. We’re planning about 15-20k (I want a covered portion) for the whole deck + patio.
Dad is considering a job change, which likely means a drop in his salary, and we’ll lose our HSA plan, so we’re likely to slow down a bit on the income, but we’ll be able to put almost as much aside for retirement, it just won’t be as tax-advantaged (no 3% mandatory contribution). We’ll see how things shake out. We can afford for him to take quite a significant cut in salary, but the benefits for him might not be worth it.
Debt (in the order we’re paying it down):
- Line of Credit (9.75%): $5,500 (-600.00)
- Car loan – RAV4 (0%): $6362.86 (-489.44)
- Car loan 2 – Camry (0%): $22,404.30 (-439.30)
- Mortgage (3.875%): $288,043.01 (-493.41)
Total paid off in March: $2,022.15