Net Worth Update – May 2016

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Welcome to my monthly net worth post for May, 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

As May comes to an end, I find myself feeling very much relaxed. The rain has stopped, and the weather is turning summer-like. Our garden is in (finally!). I’m settling in to my newly debt-free status, and am beginning to think about my plans for the future. Slowly but surely, I’m starting to shed my anxiety about what my priorities should be. After all, at 37 years old, I hopefully have more life ahead of me than behind. Who knows what tomorrow will bring?

May 2016 Net Worth:

Net Worth Update as of May 31, 2016.
Net Worth Update as of May 31, 2016.

Now that I don’t have any debt, I find myself checking my net worth much less throughout the month. Which made it a nice surprise when I saw I’d gained $1,825 in May. It could have been higher, but Mother’s Day is always a pricier Holiday for me. I’ll explain that in my Spending Update for May.

My 401(k) total doesn’t include my last contribution for the month, or any of my employer’s contributions. I think the Holiday weekend slowed things down. If everything posts on time in June, I should see a nice increase. Even so, I can’t complain about $512 in growth, especially since only $118.86 of that accounts for contributions.

The bulk of this month’s growth is in liquid assets. I’m trying to get my emergency fund back up to $5,000. Right now it sits at about $2,400. At $330 in savings each week, it should take right around 8 weeks to get there. The rest of the liquid assets is a vacation fund ($1,000), and what I have left in my checking accounts. I’ve cut back on how much of my weekly pay gets put into my expenses checking account  since I’ve paid off the car loan, but it’s still sitting a little high. Which isn’t a bad thing: It gives me a little bit of an extra cushion, should something happen. Once my emergency fund is full funded, I expect my liquid assets to sit right around $6,500-7,500 each month, depending on any other savings goals I have at the time.

Net Worth Progress Chart:

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

If nothing unexpected happens during the month of June, I should hit my goal of growing my net worth by $10,000 in 2016. I’m only $961 away right now. I keep thinking I should up that goal to $20,000 in growth. After all, we’re just entering the 6th month of 2016. But, I’ve also had a tax refund that sped up that progress, among other things. It might make a nice “push goal” though!

Slowly but surely, my financial life is becoming “boring”, and taking less of my daily focus. And isn’t that part of the goal? To get to the point where living in a financially responsible way becomes second nature, and the future feels more secure?

  • Cindy W.


  1. Sounds like it is time for a new goal, financial or otherwise. You accomplished a big feat becoming debt-free. Maybe, think of this new more secure financial status as an opportunity to write about other things (like gardening! 🙂 ) or find a new passion (like taking photos of gardening!) You’re a good writer. So, maybe this is just the juncture where you branch out into some new areas. Time for a new adventure!

    1. It’s definitely something I’ve been considering! I just have to figure out how to carve out some time. Not that I’m oh so busy, I just have trouble finding balance; When Bryan and I are together in the evenings, I try to be 100% present with him. Which doesn’t leave a lot of time for writing. I’ll figure it out eventually!

      1. I think we all struggle with balance. Good luck with whatever your next adventure turns out to be!

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