So how did everyone do?
This month saw my family and I have a controlled splurge which we felt like we deserved. We have been saving our butts off after Chief’s injury and thought that we should celebrate our accomplishment with a little holiday.
Yes our controlled splurge could have gone to our bottom line but we are feeling refreshed and pumped to take on our goal which is paying off the paying off our home early.
Now to the good bit!
Cash $19342.44 (+$5016.80) – Saving machines! 🙂
We have been stashing money away pretty hard this month and the hard work is paying off.
Even with our controlled splurge, which cost $700 by the way , we have manged to increase the cash in our accounts.
Shares $12402.63 (-$175.25) –
My share portfolio hasn’t changed much in the last few months.
In the past I have bought single stocks…. I like the risk and the thrill.
Now that i’m older and smarter with my money I am looking to invest some money into Vanguard, so we will se how that goes 😉
Acorns $151.27 (+$44.82) – Slowly, Slowly
Acorns is increasing slowly. We are currently averaging about $50 per month that gets invested.
We don’t spend lots on little purchases. We are frugal and try not to waste out money. Our Acorns account will not grow as fast as others.
Don’t get me wrong I love the idea of Acorns and I do have over $150 in the account that would most probably be spent on something else. So in that regard Acorns is doing it’s job, I am just not sure if it is right for us….
I am still trialing 🙂
I have said it before Acorns will not get me rich but is a nice little savings avenue.
Use this link to sign up to Acorns and you and I both get $20 free!
Retirement $340,025.89 (+$4149.66) – Small increase
When it comes to retirement my company puts 15.4% away into my superannuation. I have selected to invest that “Aggressively” and have done in for the last 9 years. Overall by investing aggressively my fund has out performed all other investment options withing the fund.
My wife and I are both focused on our retirement and next year will see us start to salary sacrifice extra money into our retirement so we should see a big boost to our funds next year.
House Value $549,261.00 (+$3748.00) –
I am always surprised at the result of our house prices. Although it fluctuates by small amounts each month it is great to look back and see where we started.
We purchased our home for $495,000 in 2012. The last 4 years have see our home’s value increase by approx 10%.
I can’t wait to pay this baby off early!!
Mortgage $456,834.39 (+$1177.40) – Primary Focus
We are trying to put whatever we can into the mortgage.
This month has seen us trying to live of one income and put the other income towards the mortgage and true expenses. So far so good 🙂
Financial Independence Goal April 2025
At the end of August 2016 our financial independence plan has our projected debt at $457,388.60.
In order to stay on track to become debt free within our desired time frame our total debt must be below that number.
The result is $456,834.39!
We are on track for our financial independence day goal of April 2025!!
All said and done my net worth increased by $13,962.43
we are dancing baby!
Our total net worth is $464,348.84 for August 2016.
You can check out my previous months here.
$500,000 here we come!
Action Plan – Continue to live on one income.
I hope all your net worth results went well as well 🙂
How did you all go in July with your net worth? Are you reaching your goals?
Win at money with me,