October’s Numbers (because it’s too late to bother with November, again)

As of December 8, 2016, we are $302,927.85 in debt with a mortgage.  We currently have $1,024,061.00 in assets.  Our investment accounts are at $601,841.70. Our Net Worth is $721,133.15,  up from $690,272.92 in October (4.5% increase)

Our RAV is paid off! And wonder of wonders, we got the title in less than 3 months – unlike when we moved here and it took 3 months for Toyota Financial to transfer our title to PA.   I started tracking my debt and net worth just a month after the first payment for that car was due in July 2012 – how things have changed!

November was quite a ride in the markets – up, up, up!  We’re over $1 million dollars in assets (again), and approaching a $1 million net worth.  Our net worth has increased 23.41% since January – a good bit of that is contributions, but not all of it.

Our escrow analysis came back, and we owe $200 more per month (some of that’s “make up” money), so that will affect how much our mortgage is paid off.  Starting in January though, I’m adding an extra $300, so the amount we pay down will increase a bit.  Might as well throw money towards the debt that actually has interest (unlike our car loan).  The remaining money that we’re not spending on our car loan will be used for building up a real 3-6 month emergency fund.  We have access to up to 30k if we need it which is more than 3 months of necessary expenses (it’s 3 months of income), but it is currently invested, and we’d rather not touch it.  I should probably start tracking the value of our “cash” emergency fund for some accountability – maybe then it’ll actually happen 🙂

Debt (in the order we’re paying it down):

• Car loan – RAV4 (0%): $0 (-1,794.66)
• Car loan 2 – Camry (0%): $18,889.90 (-878.60)
• Mortgage (3.875%): $284,037.95 (-1010.97)

Total paid off in October and November:  $3,684.23