Net Worth Update: July 2015

networthupdateY’all. July has been…a month.

First of all, I realized I’d been overspending like whoa. I wrote about that, and that was good, because I basically stopped; I swiped my credit card this morning for the first time in ten days, and it was for a reimbursable work expense.

Second of all, speaking of work, it has been heavy. It’s all good stuff, but I’ve been pretty overwhelmed, hence the radio silence. The huge project I’ve been working on is debuting tomorrow, so that’s good, but now I have several weeks’ worth of neglected other projects to catch up on. It could be a while until I’ve totally righted the balance, both at work and in my finances.

It was enough of a messy month, and I’m rushed enough still, that I’m not going to do a whole accounting of my spending (just picture a lot of red category balances and you’ll have a decent idea), but here’s the net worth numbers:

Screen Shot 2015-08-01 at 1.15.04 PMThe reason I’m not showing debt, even though I did actually go over in a bunch of spending categories, is that I used some of August’s money (income I made in July) to pay off my credit card already. So my checking account is low now, but if I can get through August without doing a bunch of totally random spending, I should be back on a more even keel again.

I’m kind of disappointed with this month; the market going way up (in time to make my first retirement contribution this month “expensive”) and then going way down again, didn’t help, and neither did my overspending. A $1200 increase is way off where I want to be every month (I aim for a $2000 increase). However, I do feel like I’m turned around in a positive direction, so fingers crossed for a good August.

15 thoughts on “Net Worth Update: July 2015

  1. Liz says:

    Even with your spending you managed to increase your net worth, that’s awesome!

    1. thesingledollar says:

      Thanks!

  2. Green is good! Doesn’t look like a bad month. Good luck in August!

    1. thesingledollar says:

      Sure, it could’ve been worse…but man oh man, it could’ve been better! Thanks though — you too!

  3. Overall, things still look very positive!

    July was a rough month for me, too…

    1. thesingledollar says:

      I’m sorry you had a rough one too!

  4. Hannah says:

    Tomorrow, you should stop by my blog to get a real picture of a spendy month. Oh, and it might help you to reconsider your home buying proposition 😉 (Just kidding about that, I love real estate, especially where the rent to own ratio is favorable).

    1. thesingledollar says:

      hee hee. I was just thinking I should put out an SOS for “things you spent money on in your home that it never occurred to you to budget for” suggestions.

  5. Our July spending sucked too, mainly because I replaced an air conditioner and furnace at one of our rental properties. That wasn’t my fault – and we had plenty of cash to cover it – but it still hurt!

    1. thesingledollar says:

      That is totally necessary spending though! I’m glad you had the cash in hand for it.

  6. ARBM says:

    I’m with you on being busy… I will hopefully be posting my July spending tomorrow… and then I’ll know for sure how spendy my July was…
    But on the bright side, you are still going up! Any progress is better than none, right?

    1. thesingledollar says:

      #truth!!!

  7. My worst spending times are the times when there is no work-life balance – when the “life” part of that balance is just as much work as the “work” part is. You can actually budget for craziness if you know it’s coming – to give yourself a little built-in slack. Your numbers are going up even though you’re not thrilled with July. A very good sign : )

    1. thesingledollar says:

      Yeah, this definitely beats my worst month so far (the infamous March.) I really want to get some slack into my budget that isn’t my emergency savings — it would make me feel better about higher-spending months.

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