August numbers:
- Personal:
- Gross monthly W2 pay: $5,833 (no change)
- Net monthly W2 pay: $3,399 (no idea why there was a change)
- Total credit card debt: $10,073 (-$340)
- Total other non-mortgage debt: $16,149 (+$2,064)
- Total mortgage debt: $118,317 (-$715)
- Cash/cash equivalents: $17,819 17,537 (+$282)
- Total retirement savings: $132,356 (+$3,687)
- Net worth: $5,636 (+$7,087)
Hole crap! I’m worth something! That’s a long time coming (about 40 years). My credit cards are Ok at this point. About $8900 of the balance above is 0%, the rest is current spending. I’ll pay those balances off as they come due (taking advantage of the 30 day float of the statement cycle). But I let my spending get away from me a bit for the last few months, so I’m going to dial it back through the end of the year.
The HELOC (which is the main component of the other non-mortgage debt) is now up to 7% in this rising rate environment, so it’s getting to be time for that to go. Need the money to do that though. I don’t really know why my numbers improved so much in the month – that’s a big swing in my net worth number for one month. I know I did get a fairly large check for some earlier comic sales over the past month, and applied that to debt. Between that and the increase of savings to my 403b two months ago (to a total pre-tax savings rate at my W2 job of 28% across both plans) I guess that was enough to make a serious dent. We’ll see if the numbers normalize in the future. After all, I’ve only been really paying attention for the past few month.
More updates in a month, or as they come in!
