In September, my net worth decreased by about $32,000 to bring me to a total of $1,017,069.23.
The main contributors to the net worth decrease were due to large losses in stock markets and a decrease in cash to pay down the remaining balance of the credit cards, which included my $5,000 down payment on my car.
Looking ahead to October, I expect to be cash flow positive between $1,500 to $2,000.
As always, see the Net Worth Tracker page for a history of my net worth.
In August, my net worth decreased by about $8,100 to bring me to a total of $1,049,213.25, again down less than 1% over the previous month.
As mentioned in previous month’s post, I was determining how to best deal with my new car purchase: pay it all off or continue to finance. I ultimately concluded to pay off the car, even though I had a crazy low fixed rate of 2.7%. The main driver for paying it off was to keep my 8 month average cash need threshold low and to enable me to get back to normal levels of investing starting next year. When I ran the numbers after paying off the car and stopping new contributions to taxable brokerages, I could get back to having about $30,000 in the bank by the end of the year.
Taking a look at major financial changes through the end of the year:
As always, see the Net Worth Tracker page for a history of my net worth.
In July, my net worth decreased by about $6,600 to bring me to a total of $1,057,943.38, down less than 1% over the previous month.
You’ll also notice I made a big purchase – a new car – that is currently financed with an outstanding loan of $32,455.90. While I have plenty of cash on hand to pay off the debt today, the interest rate is only 2.9%. As of this post, I’m still running different scenarios to determine if it makes the most sense to pay it off with cash on hand or to service the debt and put the cash to work in investment accounts.
As always, see the Net Worth Tracker page for a history of my net worth.
My Budget World 