October numbers:
- Personal:
- Gross monthly W2 pay: $5,375 (see below)
- Net monthly W2 pay: $3,387 (see below)
- Total credit card debt: $22,647 (-$1,143)
- Total other non-mortgage debt: $16,071 (+$6,165)
- Total mortgage debt: $149,104 (+$6,750)
- Cash/cash equivalents: $12,785 (-$97)
- Total retirement savings: $152,765 (-$383)
- Non-Equity Net worth: $-22,272 (-$11,300)
- Total Net Worth: $205,029 (-$12,251)
Another good news/bad news month. Ok, mostly overwhelmingly bad news. Good news is most of the house expenses have officially hit, and been paid. Bad news is all the rest. Credit card debt is down marginally for the moment, but other non-mortgage went up by a lot, and mortgage debt went up a lot. There was a corresponding decline in net worth. More bad news is, about $4,500 of credit card that was on 0% has expired, so that will need to get refinanced very soon. Luckily I do have a few 0% offers, so that balance should be moved by next month.
Also, the mortgage amounts for the new house will be refinanced within the next 60 days into a long-term mortgage at (likely) the prevailing 3-4%. Currently, that’s on an interest-only HELOC at 6.5%. Those savings will take the edge off as soon as that balance transitions, and I’ll be getting some cash back for house expenses I’ve already paid so I can start chewing down the non-mortgage debt balances.
However! I have been able to get my collectible business up and limping at least a little. So in addition to my regular salary I’m having a little bit of side-hustle money coming in. All in all I’m starting to see a little bit of light at the end of the tunnel. Although the tunnel will likely last about 6 months.
