Net Worth Update – June 2016

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Welcome to my monthly net worth post for June, 2016. Each month, I post a complete breakdown of my net worth, along with a chart showing the progression of my net worth since the start of this blog. Posting my net worth helps keep me accountable for what I do with my money, and motivates me to make better choices and push to reach new goals. You can see previous net worth updates here

If May was the month of relaxation, June was a month of apprehension and stress. There were serious family talks, and then plans, for putting Bryan’s father into a nursing home. As much as he claimed it didn’t bother him, I noticed the shift in Bryan’s moods and attitude in general. No matter what your relationship with your parent, they’re still your parent, and it still affects you.

Much to everyone’s surprise, two days after Bryan’s dad was moved into his new home, he passed away.

I can’t claim that Bryan’s dad’s passing had any affect on my finances. We did spend a weekend out-of-town, but Bryan picked up the tab for the hotel and restaurants. Other than an extra tank of gas (I filled up his Suburban while I was driving it) and a few clothing items (a lightweight black sweater, pantyhose), it didn’t add anything to my bottom line. But it was another reminder that the future is always uncertain, and time can run out unexpectedly.

With that in mind, I finally booked a vacation with my mom and sisters for the end of August.

We opted for another Disney World vacation. I’ll post more about the planning, hopefully this week. I booked the room, along with flights and tickets for 3 of us; One sister is flying in a few days later, so she’ll book her own flights and tickets. I paid for the everything out-of-pocket, although my portion of the bill is only $1,034. I’m still including the other $2,427 that the others owe me as part of my “liquid assets”, since I’ll get that money back in the next few days.

I had $1,000 in savings earmarked for “vacation”, so this was an already planned for expense. In four weeks, I’ll have my emergency fund back up to $5,000. Which is perfect timing, as it will give me time to save money for spending (food, beverages, etc.) while we’re on vacation.

June 2016 Net Worth:

Net Worth Update as of June 30, 2016.
Net Worth Update as of June 30, 2016.

I only gained $171 in net worth in June. That sounds terrible, especially when you figure I’ve been gaining around $1,500 most months. But I honestly don’t feel too bad about it. The vacation is well worth taking a financial loss. My 401(k) and Roth IRA also took a hit this month. I was expecting it to be much worse, with all the hype over Brexit. I think my balances are still low enough that market downturns don’t have a devastating effect. Thanks to contributions, I still saw a net gain on my 401(k) balance. And my employer contributions for June haven’t hit the account yet, so in a few days those numbers should look even better.

Net Worth Progress Chart:

Net Worth since the beginning of the blog (February, 2013).
Monthly Net Worth since the start of this blog (February, 2013).

Despite a less than stellar month, I still feel like I’m heading in the right direction, and that my spending and planning is in line with my values and goals. And that’s what really matters, right?

  • Cindy W.

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