Net Worth Update: January 2016

Welcome to our January net worth update. Well that was a quick month. We survived the first month of 2016 including a blizzard, my birthday and my wife’s birthday. I’m a few weeks into my new project manager position and trying to find a balance of juggling all the things that come with a full-time job, being a dad of three teenagers, a good husband, homeowner, a blog owner, and a volunteer. It great that my new position is closer to home and offers a better work/life balance, but still after not having forty plus hours of my week consumed by a job it’s taking a little adjusting. I like what Tonya had to say on the matter, as she tries to find her sweet spot given her new work responsibilities.

I may cut back two posting on Tuesday and Thursdays with Friday open for my interviews series. As I try to figure my new schedule out. To wrinkle matters a bit my wife works in retail so her hours can be all over the place so there are some days that I’m just non-stop from 5:30 AM to 9 or 10 PM. I’m not complaining just giving you some insight on why my posts and commenting might not be as consistent over the next coupe months.

On to the numbers, I continue to poke around Personal Capital* using all of the free tools that they have available. I really 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.

Good news is we will soon have two steady paychecks rolling in and I expect to begin to get back to building wealth around here. I haven’t been able to say that in a while.

Here are our January numbers:

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Net Worth Details

Cash (-$8,036.00): Our typically budget is around $6k. We spent extras this month on birthdays and paying ahead on a few bills.

Vanguard (-$11,522.00):  The roller coaster ride continues. I did take the plunge and diversify some of my funds. Keep thinking long-term, long-term.

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529s (+$82.09): Baby steps here. We are depositing $25 per account each month, this will be increased shortly.

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Autos (+$490.00): I use Kelley Blue Book for our car values, a little bump up this month. Still a good feeling to have two paid for cars in the driveway.

Home ($0.00): Still an estimate, we have no plans on moving any time soon.

Mortgages (-$1,034.00): Our one and only liability. Slow and steady wins the race right? Building wealth is our top priority in our e-fund, and college funds. Once those are complete we plan on attacking the mortgage.

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How was your January?  1/12th of 2016 down so far, how are your goals looking for the year?


*The Personal Capital link is an affiliate link. If you sign up, the blog makes a little bit of money. Personal Capital is a free tool and a great way to keep track of your net worth. I only recommend products or services that I use personally and believe you would benefit from.

33 thoughts on “Net Worth Update: January 2016”

  1. I bet you are stoked to be back at work and no longer drawing down on the e-fund, and in good news, you’ll be starting to add to your retirement accounts and college accounts in a down market… it’s a sale, right?

  2. ah a steady paycheck is so nice isn’t it? It is really tough to do the blog and work full time. It’s not so much writing that takes time but all the reading and commenting. I’m actually tracking my hours this week to see how much time I spend doing anything blog related. I need to come up with a plan to cut some of those hours out, but it’s tough to decided what. Glad you are working close to home because I think that makes a HUGE difference in quality of life!

    1. It is. Every time I thing I have it figure out something come up, like a new blog or a change in schedule. I just need to come up with a plan and stick to it already.

  3. Wow it sounds like your life is crazy busy! I can only imagine how tough it is to get back into that kind of groove.

    January was really a crazy month in the stock markets. The only reason why my January net worth update is in the positive is because January is when I re-assess my home value’s and that helped a lot!!

  4. My January has been a bit slow, despite a pretty good start. I got engaged in some personal, higher priority tasks and so the goals I had set for the blog weren’t achieved to their full extent. I’m hoping February is a lot better. Personal capital seems like a pretty useful financial service, will definitely check it out…

    1. Well at least you have an extra day in February to get thing done. 🙂 Personal capital has been the only app have stuck with so far.

  5. Our portfolio is down, too. The upside is I snagged a few more stocks at really good prices. Gotta love a sale 🙂

    I’m sure that the transitional period of your new job will ease up and hopefully you can find your new normal

  6. I can imagine how difficult it is to balance all of your priorities! I work only two days per week and have only one child (she’s six), and I still feel stretched some days.

    Congratulations on being back at work!!

    1. Thanks Amy. It’s a good busy. I enjoy being there for the kids. I know the time is growing short with them. License, college etc are looming,

  7. It’s good that you’re taking a long term outlook, on life, the blog and on your investments. January wasn’t my best month either as I was juggling some new work responsibilities, studying for a professional exam, and of course running the blog…which has become less of a blog and more of a lifestyle 😀

    No complaints though.

  8. I don’t even want to know my net worth right now. Our earnings have been stellar on a personal level, and that helps, but the stock market has definitely hurt us! I’m not even going to look for a while! =/

  9. I’m sympathetic to the schedule mayhem– My future Mrs. is in retail as well. I know all too well how it is to never be able to make consistent plans! At least we’re through the holidays now and they’re not working extended hours!

  10. I’m honestly avoiding my investment accounts for a bit because I know it will be very discouraging to look at them. I’m actually about to start at least one, if not two, new legal projects this month and I don’t know how they are going to affect my schedule. I am so routine oriented that when I have even a slight change I can feel completely out of whack. I hope you can find a groove that works for you and your family. You have a lot going on but it seems like you’re making it all work out, so good for you!

  11. Drop in net worth due to market condition sucks but that’s nothing we can control. Sounds like you have a lot of things going on, re-evaluate post schedule is a great idea.

  12. Yup, a big drop of net worth in January, and February for us started in a downtrend too. I’m not looking at the portfolio anymore, That’s how scary it’s become to me, and the best way I found to not make a stupid mistake 🙂

  13. “…juggling all the things that come with a full-time job, being a dad of three teenagers, a good husband, homeowner, a blog owner, and a volunteer.” My goodness you have a lot going on! I have trouble imagining working full-time while also running a blog. I know it will happen one day, but it’s just tough to think about how I will balance it all. Throw in volunteering and owning a home and you have a LOT on your plate!

    I’m like you in the sense that I use personal capital as well as my spreadsheet. I’ve been updating my excel spreadsheet for almost 4 full years now and I don’t anticipate stopping anytime soon.

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