As of September 6, 2013, we are $460,154.26 in debt (that includes the mortgage). Without the mortgage, we’re at $38,937.72 in debt. This includes a credit card, student loans, and an auto loan. We currently have $953,037.41 in assets (including our house). Our retirement accounts are at $308,600.37. Our Net Worth is $492,883.15 (includes house and mortgage), down from $496,985.00 last month (0.83% decrease).
I updated our car values this month, so we lost some value there (about $3500), and our investments went down 0.88% this month as well, so I still think we’re doing well. Our Net Worth is still up 17.5% since January 1, 2013, and investments are up 20.06%.
We *finally* have HOA approval for fixing the wood trim and gutters on the house – it only took them 3 months (apparently, the management company and the HOA board weren’t speaking to each other…). But, now we’re waiting until the 2nd week in October to have the work done – first available slot on the contractor’s schedule. As a bonus, the money’s all saved up, we don’t have to dip into the emergency fund or borrow from the line of credit either! And, we now have the “extra” to throw at the credit cards again. I’m hoping to get the Chase card paid off before the end of the year.
Debt (in the order we’re paying it down):
- Line of credit (8.75%): $0.00
- Chase (4.99% for life): $ 4,501.44 (-752.55)
- Student loans (aggregated 6.55%): $12,916.28 (-143.84)
- Car loan (0%): $21,520 (-490.00)
- Mortgage (4.125%): $ 421,216.54 (-664.59)
Total paid off in August: $2,050.98
You need HOA approval to repair something on your house? That’s insane!
We’re changing the colors on the wood trim as well – someone mixed a very warm off-white siding with a very cool bright blue and it hurts even my design blind eyes. Since we need to repaint all the trim anyway, we’re making it “warm” tans and browns.
That’s what I was thinking. HOAs drive me crazy!
But, I’m glad that you’re fixing your house up and changing colors!
Our HOA is generally pretty reasonable, we can do a lot without permission. Good luck finding a house in the DC area without an HOA – we tried. This instance was a case of the management company changing the person assigned to our HOA and not sending the applications they received on. Once I e-mailed the HOA board directly, it got approved in one week.
Oh man! I thought you were $400,000 in consumer debt for a second. My debt emergency alarms were going off! Having a net worth of close to $500,000 sounds like a great place to be.
Well… A mortgage is kind of consumer debt 🙂 It’s still debt we need to deal with before we can be financially independent, so I consider it something to get rid of, but it’s got a lot lower priority than other things in our “todo” list
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