I hope everyone had a nice holiday season and the financial “hangover” isn’t too bad. We paid for anything up front, so no extra debt for us for the holidays!
As of January 6, 2016, we are $321,071.86 in debt with a mortgage. We currently have $905,408.00 in assets. Our investment accounts are at $488,831.28. Our Net Worth is $584,336.14, down from $592,278.09 last month (1.34% decrease)
This month was not so great on the investment front, which really impacts our net worth. I also updated our car values, neither of which decreased significantly from about 6 months ago. Both cars are “above water”, so we could sell them at any point really if we needed to. We have no plans to, so it’s not that important.
Daughter Person started a new daycare on January 4. It’s slightly more expensive now ($175/wk vs $160/wk), but the center busses to and from her half-day Kindergarten program that she’ll start in August/September, and we felt it was important for her to meet her teachers and new friends first rather than change everything at once. It’s also about 10 miles closer to us, so Dad won’t be driving as much. I’m probably going to start driving the Camry to and from work on a daily basis because I have the longer drive now, but Dad really likes the Camry and doesn’t particularly like driving the RAV, so there’s still some debate.
I’ve put aside quite a bit of cash for our Disney vacation coming up in a few weeks, so I didn’t pay as much down on the line of credit. I suspect I’ll be making another payment with what we didn’t spend on vacation once we get back and assess the damage.
Debt (in the order we’re paying it down):
- Line of Credit (8.75%): $3,000 (-1,000.00)
- Car loan – RAV4 (0%): $7831.18 (-489.44)
- Car loan 2 – Camry (0%): $23,722.20 (-439.30)
- Mortgage (3.875%): $289,518.48 (-488.66)
Total paid off in December: $2,417.40