September numbers:
- Personal:
- Gross monthly W2 pay: $5,375
- Net monthly W2 pay: $3,275
- Total credit card debt: $20,441 (-$3,041)
- Total other non-mortgage debt: $10,548 (+$3,909)
- Total mortgage debt: $150,146 (-$846)
- Cash/cash equivalents: $8,669 (+$504)
- Total retirement savings: $153,639 (+$1,439)
- Non-Equity Net worth: $-18,282 (+$2,456)
- Total Net Worth: $264,562
Overall a month somewhere between Ok and bad. Other non-mortgage debt (my HELOC at this point) went up by a lot, whereas my credit card balances went down by about 25% less than a lot. This tracks with an error I made somehow paying off my Chase cards last month. I didn’t pay the full balance (I still don’t know how) so I’ve been subject to interest. When I discovered the issue I paid those off and stopped using the cards until the grace period resets.
Other than that things have been progressing apace. Rental income continues the slow drip of mortgage paydown. I planned to replace a front porch this summer, but apparently the world is sold out of decking so that might have to get pushed to next year. If I can find 24’ of decking that will be a roughly $3,000 expense that will land at some point. Big push through the remainder of the year will be debt paydown, which would only be interrupted by a real estate purchase. I do have a 0% balance of about $3,000 expiring in November, and I’ll need to find a home for that. All other 0% offers expire in 2021 so those are relatively stable. Big push will be getting the HELOC balance knocked down. It’s at 5.25% so not a huge deal but it’s still interest and I want to get rid of it.
That’s it for this week! Next week I’ll round up my emergency cash discussion, then cover a few other things I uncovered as part of that discussion. Stay tuned!
