Welcome to our January net worth update. Can you believe 1/12 of 2017 is already over? Really makes you consider how precious our time really is. We had a productive month. In January, we celebrate birthdays for both my wife and I. Along with several family members and friends. We did manage to keep it low-key and celebrated with family.
Well we have one down and one to go. We shipped off a deposit check to my daughter’s SUNY college of choice. It’s so great to have this decision done. Now we can begin to plan around it. She is super excited, considering this college was her top choice it was an easy decision for us. With a tuition (room and board) price tag of $20K a year we can begin planning around that too. We are still waiting on three replies for my son before we make a final decision for him.
We continue to peck away at scholarship applications. I’m sure I sound like a broken record to them reminding them both that any amount of free money is good money.
Homemade gifts are the best.
I spent a good chuck of my time researching and connecting with some experts in our community on teaching children about money. I’m gearing up for the first committee meeting on financial literacy that I will be chairing. I have documented lots of information to share at our first meeting. I’ve come across the idea of a financial reality fair that I’d like to pursue for our upper class-men.
We booked an upcoming family trip back to Orlando using credit card rewards. I plan on sharing the details in a full post in the future, but nice to have flight and hotel covered with little to no cost.
One of my 2017 goals for my blog is to try to grow traffic. It would be great to get more people engaged. I’ve also been connecting with the community and asking for advice. Pinterest seems to be a big factor for several people, so I’ve been focused there. I just started using board booster to automated and grow traffic via Pinterest.
If you have any tips for me, please let me know.
Now on to the real reason you stopped by the numbers, I continue to use Personal Capital to track our finances. I really like having one place to aggregate all of my accounts. I also continue to update my excel spreadsheet, because I still like crunching the numbers myself.
We continue to use Digit to help automate our savings. Digit connects to our checking account and analyze our income and spending. Over time it finds small amounts of money that it can safely set aside for us. This has really help us increase our saving rate.
Our January Numbers:
Net Worth Details
Cash (-$1,361.00): A drop due to extra expenses including college deposit. We are working on increasing our saving rate. I’m in the process of reviewing our spending habits for the month.
Digit (+401.94): A can’t recommend this tool enough. Such a great way to get your savings kick started.
Retirement (+$6,138.00): Another bump up this month. Nice to have back to back positive months, considering the political and social landscape right now.
529s (+$85.40): A small increase after pulling the plug on the 529 saving for the twins and have automated that savings to a regular saving account. We are still depositing for our youngest.
Autos (-$1,048.00): I use Kelley Blue Book for our car values. A bit of a drop, but it’s still nice to have three well maintained paid for vehicles in our driveway.
Home ($0.00): Still an estimate, we have no plans on moving any time soon.
Mortgages ($-1,360.00): Our one and only liability. I like the way this number continues to go down. Slow and steady wins the race right?
How was your January? Did you take part in a no-spend challenge? Have you checked in on your 2017 goals yet?
*The Personal Capital, Digit, and Board Booster links are 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. Digit is a great way to automate your savings. Board Booster is a great automated Pinterest tool. I only recommend products or services that I use personally and believe you would benefit from.