November 2017

~ NWA-non ~ Leave a comment
Jul-2017
Aug-2017
Sep-2017
Oct-2017
Nov-2017
Assets
Retirement
414,399.51
415,837.16
426,672.84
438,995.45
444,555.30
529college
16,504.62
16,659.04
17,214.84
17,872.05
18,155.43
Bank Accounts
43,598.18
37,824.87
40,419.20
38,914.60
42,484.08
Investments
13,691.78
14,364.19
15,237.29
16,771.70
17,219.82
Bonds
12,121.30
12,329.26
12,352.20
12,353.96
12,355.76
House
300,000.00
300,000.00
300,000.00
300,000.00
300,000.00
Total Assets
800,315.39
797,014.52
811,896.37
824,907.76
834,770.39
Liabilities
278,831.28
275,893.05
274,231.26
271,658.75
269,276.88
Net Worth
521,484.11
521,121.47
537,665.11
553,249.01
565,493.51
Change MoM
-2,883.58
-362.64
16,543.64
15,583.90
12,244.50
Nothing major going on this month. Net worth over $565K.

October 2017

~ NWA-non ~ Leave a comment
Jun-2017
Jul-2017
Aug-2017
Sep-2017
Oct-2017
Assets
Retirement
409,040.69
414,399.51
415,837.16
426,672.84
438,995.45
529college
16,274.92
16,504.62
16,659.04
17,214.84
17,872.05
Bank Accounts
52,334.20
43,598.18
37,824.87
40,419.20
38,914.60
Investments
15,172.88
13,691.78
14,364.19
15,237.29
16,771.70
Bonds
12,119.02
12,121.30
12,329.26
12,352.20
12,353.96
House
300,000.00
300,000.00
300,000.00
300,000.00
300,000.00
Total Assets
804,941.71
800,315.39
797,014.52
811,896.37
824,907.76
Liabilities
280,574.02
278,831.28
275,893.05
274,231.26
271,658.75
Net Worth
524,367.69
521,484.11
521,121.47
537,665.11
553,249.01
Change MoM
16,789.66
-2,883.58
-362.64
16,543.64
15,583.90
Nothing noteworthy this month. Net worth is over 550K.

September 2017

~ NWA-non ~ Leave a comment
May-2017
Jun-2017
Jul-2017
Aug-2017
Sep-2017
Assets
Retirement
401,553.35
409,040.69
414,399.51
415,837.16
426,672.84
529college
15,828.00
16,274.92
16,504.62
16,659.04
17,214.84
Bank Accounts
46,171.82
52,334.20
43,598.18
37,824.87
40,419.20
Investments
14,213.26
15,172.88
13,691.78
14,364.19
15,237.29
Bonds
12,117.44
12,119.02
12,121.30
12,329.26
12,352.20
House
300,000.00
300,000.00
300,000.00
300,000.00
300,000.00
Total Assets
789,883.87
804,941.71
800,315.39
797,014.52
811,896.37
Liabilities
282,305.84
280,574.02
278,831.28
275,893.05
274,231.26
Net Worth
507,578.03
524,367.69
521,484.11
521,121.47
537,665.11
Change MoM
14,461.84
16,789.66
-2,883.58
-362.64
16,543.64

Leaving behind the red of the last couple of months, we’ve scaled new heights this month. Total Assets are at all time high, Liabilities are all time low and Net Worth is over $537K.

Nothing special going on this month, except for the fact that there is no more day care payments to be made – we have a kindergartner! We save a tad over $1K every month in daycare costs, most of which is now being plowed into our outstanding mortgage, and some towards outstanding student loans.

Proclamation of new goal: To wipe out current balance of student loan of $23K by end of 2018!

August 2017

~ NWA-non ~ Leave a comment
Apr-2017
May-2017
Jun-2017
Jul-2017
Aug-2017
Assets
Retirement
391,316.72
401,553.35
409,040.69
414,399.51
415,837.16
529college
15,378.18
15,828.00
16,274.92
16,504.62
16,659.04
Bank Accounts
44,260.80
46,171.82
52,334.20
43,598.18
37,824.87
Investments
13,378.60
14,213.26
15,172.88
13,691.78
14,364.19
Bonds
12,115.86
12,117.44
12,119.02
12,121.30
12,329.26
House
300,000.00
300,000.00
300,000.00
300,000.00
300,000.00
Total Assets
776,450.16
789,883.87
804,941.71
800,315.39
797,014.52
Liabilities
283,333.97
282,305.84
280,574.02
278,831.28
275,893.05
Net
493,116.19
507,578.03
524,367.69
521,484.11
521,121.47
Change
2,845.21
14,461.84
16,789.66
-2,883.58
-362.64
Second month in a row with decrease in net worth!
But expected. Here are the big expenses which depleted our bank accounts.
The last of our landscape/hardscape project of $2,879! We should be done in this bucket for a few years now. The total cost of this summer-long project came to be $5,079. When we had got quotes from contractors for this work last summer they ranged between $6k to $8k.
We paid a one-time payment of $1,305 in extra mortgage (on top of the extra monthly principal we make each month). Just because we thought we had that much extra to throw at our largest debt. Paying off the mortgage is a priority for us, which will enable our FIRE.
Amidst all of these our investments grew in value in a month where the markets were essentially flat.

July 2017

~ NWA-non ~ Leave a comment
Mar-2017
Apr-2017
May-2017
Jun-2017
Jul-2017
Assets
Retirement
387,058.50
391,316.72
401,553.35
409,040.69
414,399.51
529college
15,188.09
15,378.18
15,828.00
16,274.92
16,504.62
Bank Accounts
47,770.74
44,260.80
46,171.82
52,334.20
43,598.18
Investments
12,452.12
13,378.60
14,213.26
15,172.88
13,691.78
Bonds
12,114.12
12,115.86
12,117.44
12,119.02
12,121.30
House
300,000.00
300,000.00
300,000.00
300,000.00
300,000.00
Total Assets
774,583.57
776,450.16
789,883.87
804,941.71
800,315.39
Liabilities
284,312.59
283,333.97
282,305.84
280,574.02
278,831.28
Net
490,270.98
493,116.19
507,578.03
524,367.69
521,484.11
Change
14,974.27
2,845.21
14,461.84
16,789.66
-2,883.58
A few things happened this month that brought down our net worth month-over-month, for the first time since we starting tracking on this blog. We’re glad that it happened as the previous 5 months had spectacular results, which could have led to the (wrong) belief that it is smooth sailing all the time.
The “Bank Accounts” was the bucket that took the heaviest hit due a couple major expenses, and the “Investments” bucket had another significant outflow – all of which were anticipated and accounted for. 
The first was M’s tuition payment for the summer semester, which was $4,174. 
The second was payment of $2,200 for a hardscaping project for which we’ve been specifically saving for a year. There will be more spending on associated landscaping/hardscaping projects in the summer months.
The third was a payment of $1,578 to a clinic where W had undergone a procedure a couple of months back. This money came out of our HSA, which is part of our Investments bucket.
What is a good sign is that our Retirement bucket had significant inflow (which is not broken down in the chart above as we give the “final” number which is comprised of the gains and the contributions). Our debts also continue to go down.

Expected future expenses in FIRE

~ NWA-non ~ 1 Comment

We had mentioned in this post that our future annual expenses when we enter the FIRE phase would be $48,000. This is the breakdown of the the monthly expenses (rolled over into annual, rolled over to our final saved amount).

Most of categories and sub-categories are self explanatory, I think.

A note about the Flight Savings. We want to take a nice long vacation each year. The cost of flights is the highest component in a vacation. You can also rename this category in your mind as “Vacation Savings”.

“Miscellaneous” under Discretionary Spending covers clothes shopping, entertainment, impulse buys.

As you’ll notice, I had to include an “Others (buffer)” category to make it close to the annual $48K we were predicting! This tells me we will be revisiting our total saved amount in the future.

After publishing this, we realize that we need to have a post about our current expenses, to give a true comparison of which spending buckets will be eliminated or curtailed.

June 2017

~ NWA-non ~ Leave a comment
Feb-2017
Mar-2017
Apr-2017
May-2017
Jun-2017
Assets
Retirement
378,531.17
387,058.50
391,316.72
401,553.35
409,040.69
529college
14,746.21
15,188.09
15,378.18
15,828.00
16,274.92
Bank Accounts
42,856.20
47,770.74
44,260.80
46,171.82
52,334.20
Investments
12,755.09
12,452.12
13,378.60
14,213.26
15,172.88
Bonds
12,091.76
12,114.12
12,115.86
12,117.44
12,119.02
House
300,000.00
300,000.00
300,000.00
300,000.00
300,000.00
Total Assets
760,980.43
774,583.57
776,450.16
789,883.87
804,941.71
Liabilities
285,683.72
284,312.59
283,333.97
282,305.84
280,574.02
Net
475,296.71
490,270.98
493,116.19
507,578.03
524,367.69
Change
17,156.18
14,974.27
2,845.21
14,461.84
16,789.66

May 2017

~ NWA-non ~ Leave a comment

Jan-2017
Feb-2017
Mar-2017
Apr-2017
May-2017
Assets
Retirement
359,774.81
378,531.17
387,058.50
391,316.72
401,553.35
529college
14,317.25
14,746.21
15,188.09
15,378.18
15,828.00
Bank Accounts
47,050.67
42,856.20
47,770.74
44,260.80
46,171.82
Investments
12,282.92
12,755.09
12,452.12
13,378.60
14,213.26
Bonds
11,888.20
12,091.76
12,114.12
12,115.86
12,117.44
House
300,000.00
300,000.00
300,000.00
300,000.00
300,000.00
Total Assets
745,313.85
760,980.43
774,583.57
776,450.16
789,883.87
Liabilities
287,173.32
285,683.72
284,312.59
283,333.97
282,305.84
Net
458,140.53
475,296.71
490,270.98
493,116.19
507,578.03
Change
17,156.18
14,974.27
2,845.21
14,461.84

A milestone: our Net Worth is over half a million now!

Also read, what constitute our Assets and Liabilities bucket.

April 2017

~ NWA-non ~ Leave a comment

Jan-2017
Feb-2017
Mar-2017
Apr-2017
Assets
Retirement
359,774.81
378,531.17
387,058.50
391,316.72
529college
14,317.25
14,746.21
15,188.09
15,378.18
Bank Accounts
47,050.67
42,856.20
47,770.74
44,260.80
Investments
12,282.92
12,755.09
12,452.12
13,378.60
Bonds
11,888.20
12,091.76
12,114.12
12,115.86
House
300,000.00
300,000.00
300,000.00
300,000.00
Total Assets
745,313.85
760,980.43
774,583.57
776,450.16
Liabilities
287,173.32
285,683.72
284,312.59
283,333.97
Net
458,140.53
475,296.71
490,270.98
493,116.19
Change
17,156.18
14,974.27
2,845.21

Few points about this month:
– We had a hefty tax bill, largely in part due to the sale of our old place last year, which had been a rental since 2014. We were anticipating this.
– After substantial inflows into retirement accounts in February and March – a combination of bonuses, raises, and topping of Roth IRA for last year – April’s inflow should be norm for rest of the year. 
– Also keep in mind that these numbers are a snapshot of a particular day; we report the current balance on the account.

March 2017

~ NWA-non ~ Leave a comment
Jan-2017
Feb-2017
Mar-2017
Assets
Retirement
359,774.81
378,531.17
387,058.50
529college
14,317.25
14,746.21
15,188.09
Bank Accounts
47,050.67
42,856.20
47,770.74
Investments
12,282.92
12,755.09
12,452.12
Bonds
11,888.20
12,091.76
12,114.12
House
300,000.00
300,000.00
300,000.00
Total Assets
745,313.85
760,980.43
774,583.57
Liabilities
287,173.32
285,683.72
284,312.59
Net
458,140.53
475,296.71
490,270.98
Change
17,156.18
14,974.27