May was a much better month than April on the net worth front! Though we’ve backed off a bit from our mid-month (or so) peak, there was still some really good progress. I had to remind myself that a $10k gain my 401k is still great, when I found myself grouchy that I finished the month down from the inter-month high despite an additional block of contributions at the end of the month.
| Category | June 2024 | Change from May |
|---|---|---|
| Savings | $165,331 | -10% |
| Investments | $335,243 | +12% |
| Cars | $61,755 | 0% |
| House | $600,919 | +3% |
| Retirement | $526,549 | +3% |
| Mortgage | -$356,042 | -0.2% |
| Credit Cards | -$1,343 | -13% |
| Car Loans | $0 | 0% |
| Net Worth | $1,332,412 | +4% |
| Invested Assets | $861,792 | +7% |
Some commentary on this month’s changes:
- We’re still on track to pay off the 0% credit card from Home Depot, putting $200/month toward it to ensure we don’t have any lingering balance when the 12 month promo ends
- We had a large block of cash ($100,000) from an inheritance several years back that has been sitting on the sidelines as we waited for something obvious to do with it
- In the absence of anything obvious, we ended up committing to putting it into our brokerage in $25k chunks, which is why our cash dropped by 10% and our brokerage grew by 12%
- Monarch has not updated our car values this month – they use VinAudit rather than KBB and it doesn’t seem to be as dynamic as KBB, and since we’re not selling them any time soon, I didn’t bother pulling in KBB for increased accuracy
- I had a quarterly vest (January, May, August, and November) so some of our outflow has been offset by that inflow
On the topic of quarterly vests, we’re nearly done with our beginning-of-year funding of our sinking funds. I maintain sinking funds for home maintenance, Christmas presents, car repairs, animal expenses, and vacations, though the vacation fund is more of a tide that flows in and out throughout the year. With this vest, I filled all our sinking funds except the car repair fund, which is still owed $1500 to be full for the year. The beginning of the year is exciting because it’s nice to check off all the IRA funding and the sinking funds, but the end of the year is also exciting because typically August is when our extra money has fewer earmarks on it and can be shoveled into our brokerage or vacation savings without feeling like we’re robbing from our yearly goals.
Violet Sky 
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