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Welcome to our October net worth update. We continue to enjoy the unusually warm weather in the Northeast during the month. We kept active during the month which seems to add to its quickness.
During Columbus Day weekend we tested out bus transportation for our daughter’s from her upstate college to home for a round trip cost of $120. Overall it’s cost-effective for us because for gas and tolls the round trip runs a little bit more than that. That’s not considering wear and tear on our cars. Bus travel isn’t the greatest, but overall it wasn’t too bad.
My wife, feeling better spent a week in California volunteering her time with Operation Surf. Operation Surf is a non-profit organization that uses surfing to help veterans heal. It’s an amazing program. If you’d like to learn more check out the documentary about the program called “Resurface” on NetFlix.
Helping those in need.
The financial committee I’m a part held its first meeting of the school year in October. We reviewed our goals from last year and outlined what we are looking to accomplish this year. There are several initiatives in both elementary and middle schools within our district, including a computer-based financial literacy program that all 4th and 8th graders will take. We are looking to host an evening for all high school students and parents on financial literacy and bring in a speaker to address the high school students during the day.
Any recommendations on a speaker would be appreciated.
As mentioned in my post “Avoiding Student Debt,” I hosted a seminar for parents and students in our local community called “Avoiding Student Debt.” We viewed the documentary, Broke, Busted and Disgusted, and having a speaker from a local Universities Office of Financial Aid and Scholarship Services. The event was a success, and we are hoping to do more of these in the future.
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 September Numbers:
Net Worth Details
Cash (-$231.65): A little dip. The unexpected crept in this month in the form of a veterinarian bill for our pup Mushu. He’s fine, just ran into some allergies and itchy skin.
Rize (+$10.04): Saving slow and steady with Rize.
Retirement (+$6,979.00): Another nice increase in our retirement savings. We are in this for the long haul.
529s (+$89.23): An increase as we are settled into the semester. We are currently only saving in our youngest son’s account.
Autos (-$3,156.00): I use Kelley Blue Book for our car values. The $3K drop is the most significant drop I can remember in recent history.
Home ($0.00): Still an estimate, we have no plans on moving for at least 8-10 years.
Mortgages (-$1,374.00): 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 October? Are you ready to give thanks, this month?
*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.