September numbers:
- Personal:
- Gross monthly W2 pay: $5,375 (+$542)
- Net monthly W2 pay: $3,387 (+$59)
- Total credit card debt: $23,790 (-$1,613)
- Total other non-mortgage debt: $9,906 (+3,624)
- Total mortgage debt: $142,354 (-$741)
- Cash/cash equivalents: $12,882 (-$768)
- Total retirement savings: $153,148 (+$2,990)
- Non-Equity Net worth: $-10,972 (-$42,164)
- Non-Equity Net worth: $-10,020 (+$952)
- Total Net Worth: $217,280 (same as above)
Another high-expense month as you can see. Credit card debt is down a little, but non-mortgage debt is up more than twice what credit card debt went down. Mortgage debt went down with monthly paydowns, almost as much as my cash balance went down – cash I used to pay down credit card. Retirement savings went up, but that’s mostly due to market action, so it’s inconsequential to the immediate future. Net worth improved by a little bit, but still a big negative number.
The other big news is my new job has started to impact my monthly income. I’ll do a deep dive into the new numbers in a future post, but the big takeaway is my yearly salary went from $58,000 to $64,500 per year and my weekly work requirement went from 40 hours/week to 37.5 hours/week. Overall, a nice change!
Beginning with October, things should start to improve slightly. Most of the new-property spending is done, and I’ll begin paying things off. The plan is to refinance up to 90% of the appraised value and use some of that cash for construction-related expenses, though that will likely take 30-90 days. Stay tuned!
