As of May 5, 2015, we are $304,884 in debt with a mortgage! We currently have $882,149.80 in assets. Our investment accounts are at $468,778.01. Our Net Worth is $577,265.80, down from $579,430.79 last month (0.37% decrease).
We are home owners again (finally!), so we now have a new asset (the house) and a new liability (the mortgage). We bought the house for 366,730, but it was appraised at 372k (how they do appraisals before the house is finished, I have no idea). I’m only counting what we paid for it.
We’ve moved into the house, and the movers were almost 1k over the estimate (I do give them a break since the estimate was in August!). My goal for the next month or two is to buy the last few things we really want for the house (like blinds!) and then build up our mini-emergency fund to 5k again. It’s at about 3.5k at the moment. We also have a full month’s salary “buffer” because we use YNAB and live on last month’s income, so I’m not horribly concerned. Once that’s built back up, we’re going to start aggressively paying off the car.
We’re rounding up our mortgage payment, and it ends up being about an extra $75/mth towards principal, but at this point in time, I’m not in any rush to pay it off.
We’re maxing out our 403(b)s and HSA plans, and starting in July, we’ll be setting aside $950/mth to go towards our Roth IRAs. The money won’t be put in the account until we do taxes in 2016, but it’ll be there (and be part of our emergency fund as well).
Debt (in the order we’re paying it down):
- Car loan (0%): $12,000 (-500.00)
- Mortgage (3.875%): $293,384.00
Total paid off in April: $500