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Welcome to our September net worth update. September was supposed to be a low-key month for us, or so we thought. We had no big plans for September other than a parents weekend at my daughter’s college.
A medical issue for my wife disrupted our plans. She’s feeling better now, but the problem started on the Saturday of labor day weekend and lingered for almost three weeks. Two trips to the emergency room, several doctors appointments, tests, stress, worry, and an outpatient procedure later, she’s on the mend and feeling good.
We were glad to have this little medical scare resolved before parents weekend at our daughter’s college. It’s been just about a month since we’ve seen her last. By far the longest we’ve been away from each other in our eighteen years.
It was great to see our daughter adjusting well to college/dorm life. Having a great roommate has helped. Our first order of business was a store run to restock the essentials, bottled water, and ramen noodles. Our daughter took us on a tour of campus. We visited all of her art classrooms and saw some of the projects she is currently working on.
Road Trip to upstate NY.
We were about two weeks too early for peak fall foliage in upstate New York, but we had perfect weather the entire weekend. There were plenty of deer sightings on our trip. We also took in a great show on Saturday night, a mentalist duo, The Evasons. They were very entertaining. If you get a chance to see them, I highly recommend them.
I’m amazed at a number of low-cost entertainment options that are available to students on campus, and this was one of them. We finished up the weekend with a Sunday brunch. After a few hugs, and tears we were on our way.
It’s been interesting to see the twins handle their money over the first month of college. They both did a good bit of saving over the summer. Now they are trying to manage it. They both don’t like the idea of dwindling savings accounts.
My daughter is on a wait list for a job on campus, and hoping something opens up soon. She will be able to return to her former job during breaks. My son has two part-time jobs. He’s part of a college retention program as his current job and will work during holidays and breaks.
He also left his former causal restaurant job in good standing and inquired about coming back for weekends only between 10-16 hours. They agreed, and he went back to work recently. This gives him the gas and spending money he needs with dipping into saving.
Next week I’ll be hosting a seminar for parents and students in our local community called “Avoiding Student Debt.” We will be viewing the documentary, Broke, Busted and Disgusted, and having a speaker from a local Universities Office of Financial Aid and Scholarship Services. The event is present by a local community coalition that I’m a member. We will have a bunch of resources to hand out as well. Looking forward to helping some people out.
Now on to the real reason you stopped by the numbers, I continue to use Personal Capital* to track our finances. Have you seen their new dashboard? I like having one place to aggregate all of my accounts. I also continue to update my excel spreadsheet, because I 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 (-$324.35): A little dip. The unexpected crept in this month.
Rize (+$10.03): Saving very lightly with Rize.
Retirement (+$7,601.00): A nice comeback after a brief dip in August. We are in this for the long haul.
529s (-$297.09): A decrease due to withdrawal to cover some book expenses for our son’s first semester at college.
Autos (-$1,869.00): I use Kelley Blue Book for our car values. I could flip a coin and be more accurate with our car values, some month we are up, some down. I’m assuming it has something to do with local used inventory?
Home ($0.00): Still an estimate, we have no plans on moving for at least 8-10 years.
Mortgages (-$749.00): 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 September? Are you ready for four holidays in the span of 62 days? Do you have a plan?
*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.