From the monthly archives: May 2012

The results for last month:

  • Another decent cash accumulation month due to my wife’s extra paycheck. I hope to see this continue its upward trend as we are still slowly saving towards a down payment on our next home.
  • Credit card debt is up due to the purchase of an iPad and some future vacation spending. However, both of these items are covered by “targeted savings”, so technically the money was spent already anyway. Targeted savings accounts are almost like Accounts Payable on a companies balance sheet in that respect. I guess they should subtract from my net worth from the get go, but I always have the option of not spending that money, unlike a true account payable. Therefore I’ll continue to track it as an asset until spent :) .
  • Another decent month as far as my investments go, but I’m expecting to see this slow or even reduce in the coming months after the recent run-up that we’ve had. I’ve been wanting to get into some individual stock investing, so I’m actually hoping for a decent drop in the market to hopefully find some value picks.
  • The value of our vehicles is showing an odd uptick this month, likely due to gas prices. My motorcycle and car are both good on gas, so they’re value must have increased because of that. Again, overall vehicle value will take a decent drop once my wife’s new car becomes “used” according to NADA guides.
 

Another great month, thanks in large part to the fact that I’ve traveling for work the whole time.  Anna is much more thrifty than I am about food and alcohol, so having me out of town means she’s pinching our pennies for us.  Plus, my 2011 contribution to my traditional IRA came in from my family’s business, which is a quick way to see my assets increase by $5,000.

Cash is up, my one stock is worth $0.05 more than when I bought it, as always Zillow is playing with my emotions on the value of our house, and the retirement savings got the aforementioned $5,000 bump.  Also our credit card is basically paid off (that last little balance is set to pay today or tomorrow) and as always I have no idea the balance of the car loan.

Looking at it again, it’s a little deceptive as we haven’t paid our mortgage payment yet, but I can live with that little fluctuation.  I’m willing to accept a 6% increase in net worth over the month.