Another month, another net worth update. This time I had a $12 grand increase from last month. Here’s where it all came from (and where some of it went):
Increases – $15,017.51
- After tax income – $11,438.06
- HSA contributions – $283.38
- Interest from checking and savings accounts – $25.11
- Gain on investments – $3,270.96
Decreases – $3,259.35
- Rent, utilities and deposit – $2,133.35
- Charitable Contributions – $300
- Other expenses – $826
Net increase – $11,758.16
Not too bad. The paychecks are still coming, and the nest egg is growing at a steady pace. Fortunately, even with a hefty $2,100 rent expense, I’m still able to save and/or invest about 70% of my income. The high savings rate comes mostly from not having a car and being virtually debt free. The only loans I have outstanding are a couple grand from college, which have been refinanced at a 1% annual interest rate.
I’ve also cut back on drinking and eating out. Other than a few lunches here and there with co-workers, I bring my lunch or eat at home on weekdays. On weekends, my fiance and I will splurge on Costco’s pizza and other cheap eats like soup dumplings and breakfast burritos. And rather than going out to bars, we’ll have a beer or two at home.
In other less fortunate news, my checking account was hacked last month! I know, scary. But all of that was taken care of, and I was able to cancel out of a host of fraudulent transactions. More on this in a later post.
Well, that’s all for now. Happy Sunday everyone 🙂