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Welcome to our August net worth update. We finally slow it down a bit in August. The focused for the month was in preparation for our twins to head off to college and our youngest son’s return to high school.
It did involve a bit of spending money, on new stuff, travel, and food. We launched our daughter off into the world, and there were some emotional moments for everyone, but so far so good. There have been some learning curve moments too. Like when ordering some art supplies online and she failed to add the correct billing address, now that she lives on campus, which caused a delay in receiving the materials.
Opens roads and blue skies on our way to campus.
I happy to report the twins both purchased new laptops for college out of savings, and both still have considerable saving banked. Our daughter is applying for an on-campus job, and our son who is commuting to college and living at home will continue to work part-time.
Our youngest son is set to kick off his sophomore year of high school. He won’t have the benefit of his brother or sister driving him this year, so back to the bus, it is. With a fresh haircut and some new clothes, he’s ready.
Now that the school year is kicking off, I’m back at ramping my financial literacy activities. I’m in contact with another library to present out get out of debt story in the coming months.
In October as part of a local coalition, I’m a part of we will be presenting an “Avoiding Student Debt” seminar. It will be open to everyone, but its primary focus will be for students and parents. We will be viewing the documentary, Broke, Busted and Disgusted, and have a few speaking from local Universities. I’ll be hosting.
I know there was more to the month, but it doesn’t seem that important.
Now on to the real reason you stopped by the numbers, I continue to use Personal Capital* to track our finances. Have you seen their new dashboard? I like having one place to aggregate all of my accounts. I also continue to update my excel spreadsheet. I still like crunching the numbers myself.
Another tool I’ve adopted recently:
Rize* is a saving tool that gives you the ability to save for goals you set that add value in your life, like retirement, a vacation, or a future purchase. You can have multiple savings goals at once which all help you start building a saving habit and separate this behavior from spending.
Our August Numbers:
Net Worth Details
Cash (+$900.00): A little bump. A step in the right direction.
Rize (+$15.01): Saving very lightly with Rize.
Retirement (-$731.00): After nine consecutive months in a row with positive gains, we take a slight dip. Can’t win them all.
529s (-$159.72): A decrease due to withdrawal to cover some book expenses for our daughter’s first semester at college.
Autos (+$2,881.00): I use Kelley Blue Book for our car values. No idea what such a big jump this month.
Home ($0.00): Still an estimate, we have no plans on moving for at least 8-10 years.
Mortgages (-$1,361.00): Our only liability. We are 8-10 years away from downsizing our home. Our goal is to continue to pay off as much as possible and build equity.
How was your August? Are you ready for all things pumpkin spice? Have you begun thinking about the holiday season?
*The Personal Capital, and Rize links are affiliate links. If you sign up, the blog makes a little bit of money. I only recommend products or services that I use personally and believe you would benefit from too.