June 2019 Update: Another Bad Month!

June numbers:

• Personal:
  • Gross monthly W2 pay: $4,833 (no change from prior month)
  • Net monthly W2 pay: $3,337 (+$539)
  • Total credit card debt: $22,923 (+$866)
  • Total other non-mortgage debt: $2,433 (-$540)
  • Total mortgage debt: $111,063 (-$734)
  • Cash/cash equivalents: $15,131 (-$101)
  • Total retirement savings: $146,882 (+$352)
  • Non-Equity Net worth: $25,524 (-$40)
  • Total Net Worth: $252,823 (same as above)

Again, I’m late. Life, she is v v busy. You’ll see some changes above. After a bit of a rough week around performance evaluation time, which has since resolved positively, I changed my supplemental 403(b) pre-tax contribution to 5% (from 20%). I decided I need to focus on paying off debt and hoarding a bit of cash for immediate needs, rather than segmenting money in a retirement account I can’t immediately access. Debt elimination will make a quicker impact on my required spending level, despite the opportunity cost. 

Other than that you’ll see negative changes in almost all other categories, which is fun! While my other non-mortgage debt has gone down, my credit card debt has gone up by more than the improvement in the other category. This should be the final month for my previous poor spending control/vacation expenses hitting my balances. However, there are many, many more expenses coming soon (more on that later) so I think those balances will continue to go up through the summer. Mortgage debt continued to improve, and cash stayed flat. 

Retirement savings is up a tad, but much less than the amount I put in over the month – another reflection of a challenged market. Long-term I think this will be good, however, as I bought an additional 1,016 shares of NLY on 05/31 at $8.86 in my rollover IRA. As I write this on 06/25 the share price is up to $9.30 (give or take) which is a nice $400 gain. More importantly though, those share represent $254 in dividends per quarter – and because that investment is in a tax-free account those dividend reinvestments are tax free. A little extra compounding strength which should accelerate my retirement. 

In the near future, look for the following from me: complaining about moving, a new real estate deal, more complaining about moving, the Florida package/Amazon update that I still owe you, an analysis of cash flow based on my new living situation, and more! 

Jeez, I’m busy.