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!
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.
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?
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.