Net Worth Update, March 2016, and 2-year Blogiversary

networthupdate

Hi all! My full-time job plus freelancing are still kicking my ass, and I still don’t know where I’m going to live next year, so my energy for blogging is still low. However! I would hate to miss a net worth update as exciting as this one.

First of all, yay stock market, and you can see the raw numbers below. But second of all, a few days ago we quietly passed my 2-year blogiversary. So I’ll also do a flashback section of the post, looking back at my very first net worth. For all the fascinating details, look below the jump!

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First, a quick look at spending. Slush is high primarily because I paid for a ticket to a 2-day music festival my housemate and I are going to this summer. I had some other small expenses in this category (a book, a CD, a dinner out) but that was most of it. Personal is also high; I got a haircut, but also bought about six months’ worth of contact lenses. The “gremlin” in question was my federal taxes, which luckily were made up for by getting a slightly larger refund from Indiana, so I ended up clearing about $20 on taxes all told. “Repairs”: I bought a new power cord for my macbook. This actually split almost exactly a year ago and I kept it going on $4 of electrical tape until just now, when it finally quit on me entirely, so I can’t be too upset. Professional expenses: basically postage for sending applications to summer programs. Gifts: a donation to a friend’s dance-a-thon fundraiser entry. All in all, a pretty normal month, except the festival ticket.

Income was also good. I made $292 in freelance income, $25 from swagbucks, a $117 state tax refund, and $2108 in income from my full-time job, plus a bit in cash-back rewards and interest, for a total of $3050.66.

Flashback

I started blogging on March 30, 2014! Looking back at my first few posts, I was really fired up. I wrote one of my personal favorite posts on the first day of the blog, which of course nobody was reading because, you know, it was my first day. So here is “The Biological Savings Clock” in case you’re curious.

I didn’t do a net worth update but I did post a screenshot from Mint, which shows that I still had $7500 of debt and about $7000 in assets, although I was still counting the value of my car then, so by the standard I quickly switched to, I had more like $4000 in assets. I don’t have an exact number but let’s call it a net worth of negative $3500.

At the end of March 2015, I wrote a post about what I’d learned in a year of blogging. I’d been out of debt for three months. I had a super-rough month, financially, mostly because of major travel expenses, but still managed a tiny net worth increase to land at $18980.23.

OK, What About Now?

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Well geez, hard to argue with that! Obviously, the markets giveth and the markets taketh away. But it does feel nice to see my retirement accounts doing better, not to mention vaulting slightly over the $40K mark just a month after (finally) managing to pass $35K. And it’s not all investment smoke and mirrors. I saved 48% of my net income this month, and am at a 54% savings rate on the year. I need/want to maintain that kind of rate through the end of my contract in June, seeing as how I’ll have an employment gap of a couple of months until my new contract starts in August, but things are really fine. $40,063! Who would’ve thought. I’ve grown my net worth by just over $43500 in two years. That’s an average of $1815 a month, despite a reasonable share of emergency travel, car repairs, market mayhem, etc etc. I can’t help but be pleased.

28 thoughts on “Net Worth Update, March 2016, and 2-year Blogiversary

  1. That’s fantastic! You’ve made a TON of progress in 2 years. And a 54% savings rate is impressive.

    Regarding the Macbook power cord: mine broke a few months ago too. I went to the Apple store to get a new one and the salesman who helped me told me not to buy one because they would give me a new one for free if I made an appointment at the Genius Bar. And he was right! My laptop was *definitely* way past warranty, but for some reason they still replaced the cord. Maybe you already looked into this, and I don’t know if it applies when the cord is physically broken (mine was just old and dysfunctional), but it might be worth it to check it out, especially if you still have the box/receipt for the one you bought.

    1. thesingledollar says:

      Thanks! It’s nice to see the progress stacking up, for sure.

      I might try that in the future. I already bought this one and I think it’s too late to take it back. But if it cracks in the next year or two….

  2. Woo hoo – congrats on cracking $40K!!

    1. thesingledollar says:

      Thank you! It was a really nice surprise!

  3. 48% savings rate is awesome! Happy Blogiversary!

    1. thesingledollar says:

      Thank you thank you! I’m glad I’m still here and still making progress 🙂

  4. Nice work, congrats. I like when charts show everything in green. March was a great market month. Keep up the good work and happy anniversary.

    1. thesingledollar says:

      My mantra is “green is better than red” 🙂 Thanks for the kudos!

  5. Mariana says:

    Wow! You are just going at it. Well done! I love your monthly updates.

    Yes, the markets were awesome in March, I was thrilled as it finally made up for all ‘loss’ for the last few months. I stopped publishing my net worth updates but I have to share that even though I added ‘only’ $3,000 to all my accounts in March (401k, Vanguard and Wealthfront) as of April 1st I was at $7,708 difference from March 1st. 🙂 !

    1. thesingledollar says:

      Hey, congrats! Living in NY it’s amazing you were able to add $3000 in a single month! Glad you enjoyed the update. I always have fun looking at them. It’s really satisfying to see the record of progress made.

      1. Mariana says:

        Agree, It is highly motivating for me to see the progress. I just keep it in excel. Before I kept track of it, I had no clue how much I was saving and how much progress I was making. Now that I see it, I am definitely saving more than I ever did.
        Yes, $3,000 is a lot. But since my husband is not good at saving at all, we are squeezing all the expenses out of what he makes. I am putting away almost all of what I make. This way we are actually saving. 🙂

  6. Taking that big picture view every once in a while helps you to realize that all the penny pinching does indeed add up. Congrats on the savings progress!

    1. thesingledollar says:

      Thank you! And I am looking forward to seeing your own penny pinching keep adding up too!

  7. Hooray for $40K! That is pretty incredible progress, especially month after month after month for two years straight. Huge congrats! And congrats on blogiversary 2! I hope that your workload feels more manageable soon — sending good thoughts your way. 🙂

    1. thesingledollar says:

      I probably shouldn’t complain about workload in your hearing — you have incredible energy! But thanks for the congratulations anyway. It’s been a lot of slow steady progress over here and I am proud of myself.

  8. Congrats on your blogiversary! I didn’t realize your blog was only two years old. Though I guess that’s somewhat mature in blog years. I feel for you on the low energy reserves for blogging lately. I’m also feeling swamped by life, but the blog is always a fun outlet. I hope you figure out your new location soon!

    1. thesingledollar says:

      Oh man it’s ANCIENT in blog years. Thanks, and hope your own energy issues resolve soon!

  9. Keep it up! I’m a 48 year old single woman with no kids also and I blog about the same thing. My networth rarely decreases each month or quarter since I only invest using stable value funds funds and CDs so it makes my balances very easy to predict. Every year I put $18,000 into my 401k, get a $2130 401k match, put $5500 into my IRA, save my $2670 tax refund, save my December $7030 after tax bonus, and save another $5500 in extra savings. Next year when I turn 50 I’ll increase my 401k to $24,000 and increase my IRA to $6500 and keep doing the other savings too, except then my tax refund will be more since I’m now contributing to a traditional IRA. You can see my blog where I list my networth, expenses, and other ways I save.

    1. thesingledollar says:

      Hey, always nice to meet a fellow traveler! With that kind of savings rate, you must be seeing quite some growth in your net worth every year. Looking forward to checking out your blog.

  10. Ronnica says:

    Great job! And congrats on your blogiversary!

    1. thesingledollar says:

      Thank you!

  11. So many great things here. Congrats on hitting 40k! You’ve made incredible progress in 2 years!!.. and that savings rate. Woot!

    1. thesingledollar says:

      Thanks! I hope I can maintain something like that savings rate going forward, even if I don’t keep it up at this level…. Still making up for lost time.

  12. Wow! You’re doing great on your net worth. Looking forward to seeing more updates.

    1. thesingledollar says:

      Thank you!

  13. Hannah says:

    Happy Blogiversary! I love seeing that down payment fund go up so quickly, though I didn’t see anything about your intention to buy a house. I guess that’s still contingent upon your job situation next year?

    1. thesingledollar says:

      Thank you! And yeah, totally contingent on that. Really, it’s always been the big pot of money for whatever major goal fund, but it was more convenient to call it the down payment fund 🙂 Should know about the job by the end of the month, finally!

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