February numbers:
- Personal:
- Gross monthly W2 pay: $5,375
- Net monthly W2 pay: $3,616
- Total credit card debt: $25,705 (-$3,071)
- Total other non-mortgage debt: $9,462 (+$2,751)
- Total mortgage debt: $156,020 (-$753)
- Cash/cash equivalents: $15,694 (+$998)
- Total retirement savings: $175,410 (+$4,283)
- Non-Equity Net worth: $-83 (+$6,354)
- Total Net Worth: $285,217 (+$64,354)
So this turned into another late update because of house issues (more on that to come). Also, the above is now pretty wildly wrong as I pulled the numbers for my update on February 26. Since then the market has been…challenged, to put it mildly. You’ll see that market rout reflected in March’s numbers.
However, things reflected above were about par for the course. Wibbldy-wobbldy numbers between credit card debt, other non-mortgage, and cash reflects my ongoing spending issues landing and getting paid off. Luckily my spending seems to have normalized at the moment with most of my big-ticket capital improvements and surprise repairs being addressed at this point. Focus for the next few months will be on making sure the businesses pay for their own damn expenses for a while. This should be helped by my remaining vacant property renting as of March 14. So that will be more income, and less of a drain on my personal funds.
The other big change is the jump in Total Net Worth. If you’ll recall, this includes the equity in my properties. So, because my newest house is finally under a mortgage (instead of the construction loan) the value of the property could be added to my figure. For the last few months I was only counting the loan amounts as a liability, and disregarding the value of the property. With the mortgage in place I can start counting that total package. I know there’s some debate about including personal home equity in net worth, but I’m including it for consistency’s sake and because I’m not really buying any of my houses as homes – they’re simply places to sleep until I can get them rented.
In any case, that was February! Soon we’ll have March and we’ll see how much of a disaster that was in the market (and for my net worth). And won’t that be fun? Toodles, lovelies!
