personal Finance Story

For the month of June, my net worth actually decreased by $240.82. This is the first time this has happened since I began keeping track more than a year ago. I am aghast and slightly depressed.

But it is not as if I’mswimming against a constant current. I got married this month. I don’t plan on getting married again in the near or distant future. So that one time event aside, I expect big gains to be back in style in the coming months.

A sizable drop in the stock market did not help matters either. My 401K saw a decline in value this month. Usually, my own contributions increase the total value more than any one monthly decline. Not the case in June. Unfortunately this is an event that I will have to get used to in the future. As my portfolio grows, my own bi-weekly contributions will become a smaller and smaller percentage of the total amount. Not a bad problem to have.

Assets: $31,537.96

• Cash in Hand, $100.00
• Emergency Fund, $1,100.71
• House Down-payment Fund, $5,046.91
• Corvette Fund, $2.15
• 401K, $10,731.41
• Roth Startup Savings, $76.26
• Taxable Stock Account, $2,840.68
• Prosper Loans, $406.34
• Family Loans, $1,780.00
• Toyota Corolla, $8,000 (kbb.com value)
• Apartment Security Deposit, $1,453.50

Liabilities: $21,295.52

• Student Loans, $19,119.67 (6.00%)
• Car Loan, $1,888.74 (4.99%)

Spending was under budget by $21.99 for the month. This does not count wedding related expenses, just the usual items I track normally. I’ll have a post or two on that topic later on.

The big hitters were eating out and gas. $4.00 a gallon and a road trip honeymoon contributed to the gas part. The eating out comes from being incredibly lazy in the days approaching the big day. We were simply over stressed from planning and arranging things for relatives that we often rationalized eating out over cooking at home to help soothe our frazzled nerves.

Spending Budget: $610.00

Spending Actual: $588.01

• Petty Cash: ($20.00) $0.00
• Gas: ($180.00) $232.51
• Eating Out: ($120.00) $171.53
• Entertainment: ($50.00) $10.70
• Hobbies: ($60.00) $66.70
• Fitness: ($40.00) $0.00
• Other: ($140.00) $106.57

(Budgeted) Actual

This entry was posted on Tuesday, July 1st, 2008 at 4:58 am and is filed under Monthly Review. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.