Detailed Financial Picture – January 2013

December’s Numbers

As of January 8, 2013, we are $480,450.08 in debt (that includes the mortgage).  Without the mortgage, we’re at $54,033.50 in debt.  This includes credit cards, student loans, lines of credit and an auto loan.  We currently have $899,935.61 in assets (including our house).  Our retirement accounts are at $257,038.00.  This doesn’t include my December paycheck deduction or match – that doesn’t get deposited until the 15th of the month.  Our Net Worth is $419,485.53 (includes house and mortgage), up from $394,691.18 last month (6.3% increase).

December saw gift expenses (which were mostly planned for throughout the year), and January was slightly reduced because I expect we’ll owe taxes and I’m starting to put that money aside so that it’s ready in April.  We have the maximum taken out of our paychecks, but we almost always end up owing money, it’s just a matter of how much – and our deductions are *well* above the standard deduction (we’re estimating $23k in deductions more or less).  Stupid marriage penalty.

I managed to make $.77 in dividends on my single share of McDonald’s in my taxable account – which was a bit of a rush, but I know it’s nothing important or big at this moment. I’m glad that we’ll still be paying 15% tax on any dividends we make for a while.

Our paychecks have unfortunately decreased by about $200 every month ($100 for each of us), so instead of attempting to pay $2800 towards debt every month, we’re at paying $2600. I’ll adjust that as we start to get all of the paycheck data in. Dad has had one paycheck, I haven’t had one yet in 2013. I’ve been making at least $100 in sales stuff over the last two months, but so far, not much in January – and no one’s biting on my baby stuff on Craigslist – guess they got it all for Christmas.

On the plus side, we don’t expect any trips to Pittsburgh in the near future, and gas should be nice and low. Family is coming to the DC area for Daughter Person’s birthday later this month.

All of us have contracted the plague. I was sick from about Christmas until this weekend, and this weekend, both Dad and Daughter Person had really high fevers. Daughter Person and I warranted a doctor’s visit (with attending co-pay), but Dad has so far weathered it better himself. As a result, I haven’t really done much in the meal planning department. I’ve picked our recipes, but when I went to put them on a menu, my brain froze. I think I’m more of the “cook a bunch and eat from the freezer as you go” type of person. More details in a new post on the topic.

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

  • Line of credit (8.75%): $7,900  (-1696.27)
  • Student loans (aggregated 6.55%):  $13,983.97  (-139.57)
  • Chase (4.99% for life): $6,709.53  (-67.79)
  • Car loan (0%): $25,440.00 (-490.00)
  • Mortgage (4.125%): $426,416.58 (-628.93)

Total paid off in December: $3,024.56

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