As of December 10, 2012, we are $483,472.64 in debt (that includes the mortgage). Without the mortgage, we’re at $56,427.13 in debt. This includes credit cards, student loans, lines of credit and an auto loan. We currently have $878,163.82 in assets (including our house). Our retirement accounts are at $246,407.31. This doesn’t include my November paycheck deduction or match – that doesn’t get deposited until the 15th of the month. Our Net Worth is $394,691.18 (includes house and mortgage), up from $381,829.74 last month (3.37% increase).
We did well this month. Despite our mileage run to San Francisco (and attendant eating out and hotel expenses), we still paid off a significant chunk of debt. Two extra income streams occurred this month: I cashed $1,400 in savings bonds my grandmother had bought when I was younger, and Dad got a bonus. The bonus is earmarked as mostly “his” fun money to buy a new laptop (I get to sell the old one!), but he contributed some to the general fund. I expect I’ll get a bonus in December’s paycheck, but I have no idea what it will be. I know how it’s calculated, but it’s based on company profits, which were not stellar this year.
There’s also a lot of timing differences between this report and last month’s. The amount paid off on our line of credit includes this month’s minimum payment as well as the extra I threw at it, but depending on when I get to next month’s report, I may or may not have paid January’s minimum (automatically debited on the 7th). Same with the car payment – I know I sent in a payment on 12/1 – but the balance is the same as last month, I need to look into whether it cleared or not.
Our investments also did well this month, up almost $7k (2.8% increase). Part of that is contributions, part of it is just decent stock market performance.
I started a very small taxable investment account where I’m going to play around with dividends and individual stocks rather than the mutual funds that are in our retirement accounts. I’d like to get to an eventual point where we can pay for some of our expenses from dividends/interest income. It’s only getting $25/mth from my “fun” money until the debt is paid down, and currently, I own one share of one stock in it, so it is most definitely in it’s infancy.
Debt (in the order we’re paying it down):
- Line of credit (8.75%): $9,596.27 (-2,396.25)
- Student loans (aggregated 6.55%): $14,123.54 (-342.30)
- Chase (4.99% for life): $6,777.32 (-68.59)
- Car loan (0%): $25,930.00 (-0)
- Mortgage (4.125%): $427,045.51 (-626.78)
Total paid off in November: $3,433.92
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