We finally hit $200k net worth in February! Soon our cash balance is going to change drastically because we are buying a home. We are putting 20% down on the house plus it’s a fixer upper. I am planning to track all our housing expenses on this blog as well as trying to pay the house off as fast as we can.
Notes: I shifted some investment around for tax year 2016. I moved $1200 from the Fidelity account into my Roth.
Our net worth increased by $24,165 in 2016. Our total take home pay including our tax return was $72,424.88. So we ended up saving 33.37% of our annual pay. Not to shabby! Last year we saved a whopping 36.5% of our income. I think the main reason for the decline in our savings rate was our European cruise.
| *Please note I removed the car fund since that is an expense account |
We are going to Disneyland Paris in a few days. This vacation is pretty much paid for except for food and whatever else we purchase while we are there. Hopefully we can save something in our housing fund this month 😦
So, coming into August we still have $5,500 we need to save in order to hit our $92,000 housing fund goal. That’s a saving of $1,375 for the next 4 months which is going to be pretty steep! I just paid $1,400 towards our annual car insurance bill out of the car fund at the beginning of this month leaving another $275 due plus we have our annual car tax which is about $350. Next month is our daughters birthday and we are taking her to Disneyland Paris which is already paid for except the train ticket from our local city into London and of course food and whatever else we buy at the theme park. Hopefully we can stay around $500 for the rest of that vacation. Good news is we almost have a net worth of $180,000! 🙂
Hello!! These last couple of months haven’t been good for our savings. We went on a week-long road trip around Scotland and a few weeks ago we went on a 11 day vacation around Spain and Italy. I am glad we saved but I know we could have done way better. Hopefully by September we will have $88k in our house fund 🙂
This is going to be short and sweet because we are heading to Scotland in the morning! I am glad the stock market is finally heading in the right direction!!!
