Welcome to our September net worth update. I say it just about every month, but September was another busy one, some good and some bad. September always feels like a transition month, the weather begins to change, it begins to get darker early, schools back in session, the holidays loom, etc.
Our children headed back to school which means back to early morning routine, the leave around 6:30 AM each morning. Now for my daughter and youngest son they get home before 3 PM, not too bad, but add homework and a part-time job on some night for my daughter and that adds up to a long day. Our oldest son plays football and get home between 5:30-6PM most night, and then has homework. His part-time job has been flexible and only scheduling him on weekends around his football games. Who said kids have it easy?
The football games have been a great source of free entertainment for my wife and me. We attend all four games in the month of September. So far, the team is 2-2. Winning their last two games, homecoming and last Friday night’s game in triple overtime over a previously undefeated team. High School football can be very exciting and heartbreaking all at the same time. I remember my playing time, often taking a loss very hard, and taking a few days to shake one off. We hope the momentum of the two latest wins carry over in the second half of the season. It’s a great group of young men who we co-hosted for a pasta dinner before their first home game of the season. Do they ever love chicken wings and chicken parm.
The new school year always brings back to school night and the opportunity to walk the children’s schedules and meet their teachers. With three children now in the same school we did not have the ability to get to everyone’s classes, but we focused on our youngest son’s schedule since he’s a freshman. I’m happy to report he has a great bunch of teachers and with selecting of drama and Italian cooking class a very nice schedule to help him transition into high school life.
With the new school year upon us that also mean the committees I have been volunteering on for the last few years are back in session. We are very close to kicking off a business academy within the high school which will teaching student, yes you guessed it about business, but include financial literacy and give them opportunities to internship at local business to see how these businesses operate from all levels, as well as create opportunities for paid part-time work.
The month was also bittersweet, as I said goodbye to my sister in the physically world. She is free from pain and suffering now. Everyone seems to be dealing with it as good as they can. A few unexplained reminders have popped up over the last few weeks, letting us know she’s watching over us.
I was also nominated for a local award, Bethpage Best of L.I. 2017. Not to shabby.
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. 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.
Here are our September numbers:
Net Worth Details
Cash (-$1,046.00): We are trying to get a handle on our spending. We need to increase our saving rate plan and simple.
Digit (+$162.00): Third month using digit. Man I love it. A great tool but it alone cannot be our only savings effort.
Retirement (-$462.00): Almost broke even this month, after a couple of months of modest gains, nothing to worry about here. We are in it for the long term.
529s (+$257.05): I finally pulled the plug on the 529 saving for the twins and have automated that savings to a regular savings account.
Autos (-$18.00): I use Kelley Blue Book for our car values. A little drop, but it’s still nice to have paid for vehicles.
Home ($0.00): Still an estimate, we have no plans on moving any time soon.
Mortgages (-$1,044.00): Our one and only liability. Slow and steady wins the race right?
How was your September? Are you gearing up for the holidays?
*The Personal Capital and Digit links 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. Digit is a great way to automate your savings. I only recommend products or services that I use personally and believe you would benefit from.