August’s Numbers (because it’s too late to bother with September)
As of October 10, 2016, we are $306,612.08 in debt with a mortgage. We currently have $996,855.00 in assets. Our investment accounts are at $575,673.22. Our Net Worth is $690,272.92, up from $678,032.86 in August (1.8% increase)
It’s now almost mid-October, so I’m just going to combine September and October’s numbers. Nothing interesting has happened on paying down debt – most of our money has gone to the deck and retirement accounts. We’re on track to pay off our RAV in December, then we may or may not pay down the Camry faster – probably not.
I’m likely to build up a good sized emergency fund (6 months) next. We only have about two months available right now, so I’d like to build that up. We can survive on one salary, and we have access to our taxable and a good bit of our Roth funds, so I’m not concerned, but I’d like a little more cushion. Once you’re done paying down debt, there’s a lot more choices of what to do with your money, so I’m having a hard time deciding what exactly to do with it!
Debt (in the order we’re paying it down):
- Car loan – RAV4 (0%): $1,794.66 (-1,794.66)
- Car loan 2 – Camry (0%): $19,768.50 (-878.60)
- Mortgage (3.875%): $285,048.92 (-1,004.48)
Total paid off in August and September: $3,677.74
Wow, some solid numbers! Nice work, keep that up.
Nice job paying down your debt and that is some solid NW right there.
Good idea to build up the emergency savings fund. Too often that can be forgotten in the midst of multiple investment options and loans to pay back but it’s a very conservative way to view your money which is almost always a good idea. Thanks for this update on your plans.