Can I just say how super excited I am that it’s a Holiday weekend? Our office is closed on Friday, and then I decided to take Monday off as well. Just because I can. Some days I feel like I’m living for the weekends! Can I retire yet?!?
No. Definitely No. But things are continuing to improve every month:
Obviously, I didn’t see nearly the growth in June as I did in May. But, alas, I’m out of homes to sell. And thank goodness for that! June was also a little bit more of a spendy month, since I bought a year’s worth of renter’s insurance ($277), and six month’s of car insurance ($211). That’s a big chunk of change, but still a huge savings over my previous car insurance rate, which I got notice in June had gone up to over $500*! That’s over twice as much! Yikes!
My net worth grew by $851 in June. I’m pretty happy with that. I also paid off $2,938 on my car loan. I’m really, really happy with that! I was able to pay off so much this month mainly due to the refunds on the house. Most months, I’ll be looking at more like $1,500. Which is still a pretty decent amount! Especially considering that is 58% of my take home pay!
June has had me feeling a little obsessive about charts. I keep scrolling through my net worth updates to see how much progress I’ve been making. Wouldn’t it be nice to see everything all together?
Honestly, it’s pretty much as I thought: The first year and a half were a real struggle for me as I figured out where my priorities were and how to go about tackling my debt. I had several “false starts”, where I really started making progress, only to lose most of what I’d gained. After all, there were house renovations to be made, and vacations to be taken. Sigh. I think it goes along with the advice of figuring out your “why”. Sure, having a goal to get out of debt is great. But unless you know why you’re doing it, the motivation will be lacking.
I’m not saying that I won’t be taking any more vacations. Or that Bryan and I won’t be doing things around the house. It’s just that now I have a better picture of the impact of my decisions on my goals. Hopefully that will help me make better choices.
– Cindy W.
*This increase was due to losing my homeowner’s insurance bundle. I would have gotten some discount for adding renter’s insurance, but not nearly enough!