The markets have been relatively flat over March but we have been pumping in our usual amounts to our respective 401(k)s, joint brokerage account, and 529 for the kiddo.
Also, we made most of our Roth and traditional IRA contributions for 2018 last month. We were pleasantly surprised that we’re still able to contribute for Roth, though our MAGI was in the phased out section. Don’t think we’ll be able to contribute to this bucket for tax year 2019. The reason we waited to make our contributions so late is we wanted to know for sure how much we’d be able to contribute in our Roths, knowing well that we would either be over the range, or close to the top. Once we filed our taxes mid March, we got the AGI, and then the MAGI, to determine how much we can contribute.
Asset for March is at an all time high, so is Net Worth. Liabilities are down by almost $4.5k compared to February.
A $10k bond we had for the past 20 years reached its final maturity last month. For the time being we have kept that in a checking account.
Remember: Markets will fluctuate. Maintain course!
Read here on what makes up our Assets and Liabilities.
8 thoughts on “March 2019”
Hello nicee blog
That’s awesome that you were able to pay your Liabilities by almost $4,500. Are you paying extra on your mortgage? With a 30-year mortgage and a house valued the same as ours it seems like with that and only a 0.9% car loan, that has to be the extra liability decrease.
Yes, we paid extra $3.5k towards principal last month. That, with the portion of regular payment going to the principal, and the payment on the car ($28 extra there too), brought down liabilities by ~$4.5k.
Well done this month!
Any plans for the stockpile of cash you are building up?
LikeLiked by 1 person
The stockpile of cash is almost an accidental by-product of having multiple accounts ear marked for certain things. For example, we have an account called “Flights”. We sock away a certain amount every month, and that gets drained when we’re booking some international trip. We have another account “Household Projects”. We saved for 2 years and built our own deck. Next in line: a fence. We are not hoarding cash to take advantage of a big dip in the markets, though that cushion we carry certainly helps in buying when everyone is selling.
LikeLiked by 1 person
This is the same approach shared by Jesse Mecham in his book, “You Need A Budget.” He calls it “aging your money.” The thought is that you have these accounts with money earmarked for different things and the balances slowly increase as the money ages. All our extra money is focused on paying off one more loan and then we will begin to do the same.
Going anywhere fun? We are considering a trip to Finland in June – but it isn’t booked yet! Cheers!
We went to Iceland last year. Perhaps Mexico or Hawaii next year. Finland should be great.