May numbers:
- Personal:
- Gross monthly W2 pay: $5,375 (no change)
- Net monthly W2 pay: $3,373 (no change)
- Total credit card debt: $34,605 (+$1,864)
- Total other non-mortgage debt: $14,646 (+$3,692)
- Total mortgage debt: $222,883 (+$78,734)
- Cash/cash equivalents: $5,560 (+$560)
- Total retirement savings: $255,452 (+$7,148)
- Non-Equity Net worth: $-11,123.45 (-$76,585)
- Total Net Worth: $434,400 (+22,914)
Even changing my due date I’m still late! In my defense I’ve been busy putting a new property in service. Luckily that is complete so *fingers crossed* I’ll be able to post more often for the next little while.
Debt categories continued to skyrocket through May, though that pace has slowed. In June that acceleration will stop and possibly (hopefully) reverse as the expected and unexpected rental repairs and turn costs are paid and income starts to come in. All of the largest planned expenses for the summer are completed. Hopefully nothing new comes up for a while. I will do a post on the newly purchased property in the coming weeks as well, so you’ll have numbers there. The goal for that income is to eliminate the debt from the purchase, and re-build the contingency fund used for the down payment. This is the month the mortgage landed, which is why my total mortgage debt, non-equity net worth, and total net worth are all wonky (that’s a technical term).
Retirement continues to be a bright point with increases in most of my holdings due to market action. I don’t really see that as real money as it’s all in tax-deferred inaccessible accounts, so it doesn’t have much impact on my day-to-day life. Nice to see big green percentages, though.
That’s it for now – hopefully I’ll get June up earlier in July than this is coming out. There are also quite a few posts I have on my list for the new purchase and turnover details. More to come!
