It’s officially the last day of August! I didn’t really foresee much going on today (at least financially), so I went ahead and put the numbers for this month together last night:
Not exactly a stellar month, but I did see $792 worth of growth. The markets didn’t fare so well this month, so I’m actually kind of glad to be showing any growth at all; Last week it was looking like I would see a decrease in net worth this month. I did end the month with a slight loss to my 401(k) plan and Roth IRA. But paying extra towards my car loan helped balance that out. And, since I’m continuing to contribute to my 401(k) plan, I got to take advantage of buying when the market was low. Overall, it’s an ideal situation when you’re buying index funds, and still have decades in the market before retirement.
I’m also continuing the pattern of overall growth for 2015:
Continuing to trend upwards is a great thing. The last few months I haven’t been seeing the type of growth I would need in order to make my secondary goal of growing my net worth by $20,000 in 2015 (to $31,696). But I’m okay with that; I knew it was going to be a stretch goal when I set it. I’m still going to push ahead and continue to try. Even if I end up short, I’ll still be in a better position than when I started!
Now I just need to figure out how to reign things in for the Holidays, so I don’t end up blowing the rest of 2015!
– Cindy W.