October 2017 Net Worth Update

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 🙂

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