Detailed Financial Picture – June 2016

May’s Numbers

As of June 2, 2016, we are $313,961.09 in debt with a mortgage.  We currently have $960,516.15 in assets.  Our investment accounts are at $536,428.97. Our Net Worth is $646,555.06, up from $633,887.17 in May (2% increase)

I sent the “final” payment off to the line of credit as soon as our paychecks for the end of the month cleared.   I’m also considering paying off the RAV4 before the end of the year – it would normally be paid off in May.  Not sure it’s worth it by the numbers, but it would be satisfying emotionally.  It’s 0% interest rate, and we’re now saving up for our deck.  We’ll be pouring the footers this month or next – depending on when the permit is issued, when the inspector can come out and when our friend (the foreman) is available.

June is looking great from a budget perspective.  We had one of Dad’s paychecks from his old job (paid on a one week delay), the payout of his PTO, and two paychecks from his new job.  Lots of extra money coming in (how we paid off the line of credit).  Too bad his new company sucks at payroll so far – they aren’t taking out local taxes, and they’re taking out the correct amount for the HSA contribution, but aren’t depositing the correct amount into the HSA (which will put us over the Federal contribution limit – *sigh*).  We also haven’t seen the approximately $1500 taken out of his two paychecks deposited into his 401(k) yet (nor his match).  I’m giving them until the 15th before I start to raise hell (ERISA gives them until the 15th of the month following the paycheck to deposit the funds, and they seem to be fully milking that).

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

  • Line of Credit (9.75%): $0 (-4500.00)
  • Car loan – RAV4 (0%): $5,383.98 (-489.44)
  • Car loan 2 – Camry (0%): $21,525.70 (-439.30)
  • Mortgage (3.875%): $287,051.41 (-496.60)

Total paid off in May:  $5,925.34

 

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