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Welcome to our February net worth update. It’s bee a while. My last update was in October of last year. I have taken a bit of a break from regular blogging over that time. My goal going forward is to continue with at least one new article a week, either an original article by me or a quaily guest post. There will be one exception, April’s Financial Literacy Month. I do plan on post at least twice a week, with a series of interviews and guest posts from some of your favorite bloggers on the topic.
All is well is the Debt Discipline household. We enjoyed an excellent Holiday season, celebrated birthdays for both my wife and me. My son and daughter are in their second semester at college, and both had a successful first semester. A few A grades to prove it. I was relieved to see there were no significant transition issues for them both from high school to college.
My son is looking to transfer in the fall, and give up his stay at home, commuting college days after a year. He plans to attend an in-state school at roughly the same cost of his current college.
Both continue to manage their money well. My daughter worked during her semester break and saved some cash for the spring semester. My son is working two jobs, one he’s on a college retention program and only works during breaks, and the second he works while in college during the weekends.
I’ve been a bit lazy.
He did learn a valuable lesson about lending money. He laid out money for an upcoming trip for one of his friends. Roughly $150. Well, just recently his friend backed out of the trip. The money that was laid out is non-refundable, and the jury still out on if the friend will pay the debt. I don’t think my son will make this type of gesture of goodwill again.
My youngest son is doing well in high school and is showing interest in culinary arts. He may be taking part in a culinary arts program next school year. It is a two-year program that offers in-depth training in the field. I just have to get him to start cooking more at home.
Our summer vacation plans are set. We’ve cash flowed our plane tickets to visit family and friends on the West Coast. We are looking forward to some time away as a family and visiting the beach!
I’m not sure if I mentioned, but we added a new dog to our family. Meeko is a Shiba Inu, too. So now Mushu has a brother. We had talked about adding another puppy for some time, and the opportunity came up where a family was unable to keep Meeko, and we jump at the chance to adopt him.
The financial committee I’m a part of with my local school district is moving along. A lot of programs are being taught at varies grade levels. We hope to use a series of email communication during April financial literacy month to bring awareness to the community on the good things that are happening and overall financial literacy.
Now on to the real reason you stopped by our numbers, I continue to use Personal Capital* to track our finances. Have you seen their new dashboard? They continue to update and improve their awesome free tool. I like having one place to aggregate all of my accounts, seamlessly and automatically each month. I also maintain my own excel spreadsheet because 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 February Numbers:
Net Worth Details
I did not record numbers during the November to January period. So the increases/decreases may look a little skewed. I did, however, keep an eye on things to make sure we were still on track.
Cash (-$443.29): A little dip. We did just recently cash flow airfare for our family of five.
Rize (+$38.28): Saving slow and steady with Rize.
Retirement (+$12,403.00): Another nice increase in our retirement savings. No panic with the recent dips, we are in this for the long haul.
529s (-$629.00): We have been using money from the twins accounts for books and supplies. We are currently only saving in our youngest son’s account.
Autos (-$1,808.00): I use Kelley Blue Book for our car values. I do not like seeing the decreasing values, but nice to have paid for vehicles.
Home ($0.00): Still an estimate, we have no plans on moving for at least 8-10 years.
Mortgages (-$3,943.00): 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 February? Do you have any big plans for March? Are you ready for spring?
*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.