Net Worth Update – June 2015

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:

Net Worth Update as of June 30, 2015
Net Worth Update as of June 30, 2015

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?

Chart of net worth growth
Chart of net worth growth since the start of time (or the start of this blog)

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!


  1. Yay! I like that I have to work hard to keep ahead of you 🙂

    1. Lol! I know they always say it isn’t a competition, but it is nice to have someone in a similar situation to keep you motivated, isn’t it?

  2. […] in my June net worth update how I said I was becoming obsessive about charts? I don’t know why, but I’m suddenly […]

  3. Congrats on the growth and knocking off a bunch of that car debt. It will be a huge win once you finally get that thing paid off. Still ways to go but at least its getting better.

    Your chart shows positive progress especially in the last year and I would be totally happy with that.

    1. Thanks! I will be super happy when the car loan is gone, and I’m finally debt free!

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