July 2008 in Review
The month of July was good to us. Not only did we pay off our wedding and honeymoon expenses, but we also managed to pay off my car loan. Not bad for having been married for only a month!
Our current net worth is at $29,653.50. Since this is the first month using this calculation, we don’t know exactly how well we did from last month. Still, all told, I think we are on the right track. Time will tell as the pieces fall into place.
Assets: $63,324.58
- My Checking, $765.74
- Her Checking, $1,500.00
- Her Savings, $7,484.94
- Emergency Fund, $1,128.52
- House Down-payment Fund, $5,057.61
- Corvette Fund, $2.17
- My 401K, $10,731.41
- Her 401K, $15,165.92
- Roth Startup Savings, $76.26
- My Taxable Stock Account, $2,840.68
- Her Taxable Stock Account, $1,444.16
- Prosper Loans, $410.25
- Family Loans, $1,780.00
- My Toyota Corolla, $8,000.00 (kbb.com value)
- Her Toyota Corolla, $5,000.00 (kbb.com value)
- Apartment Security Deposit, $1,453.50
Liabilities: $33,671.08
- My Student Loans, $19,119.67 (6.00%)
- Her Car Loan, $2,849.85 (6.99%)
- Her Student Loans, $12,034.23 (3.00%)
Now then, on the spending front, I did not do so well. So much for my “Don’t Spend Crap in July” rant earlier. Lets see where I slipped up.
Petty cash was very high. And honestly, I can’t recall exactly what I did with the money. I know it got spent and thats all. I took the money out in anticipation of cash expenses while traveling, but when I did not end up using it, I was lazy and did not return that money to my checking. From there, the green trickled out of my wallet in small innocculous pieces at a time.
Entertainment was high because I got the opportunity to hang out with some distant friends more than once. Given the chance, I decided to have some fun.
Spending on hobbies was also high because I was weak while traveling with a friend. What can I say? At least my hobbies are only harmful to my wallet. And even then, not that much. Then again, just wait till next month!
Spending Budget: $805.00
Spending Actual: $882.84
- Petty Cash: ($20.00) $80.00
- Gas: ($225.00) $265.15
- Eating Out: ($120.00) $169.37
- Entertainment: ($50.00) $165.00
- Hobbies: ($60.00) $148.95
- Fitness: ($40.00) $0.00
- Other: ($140.00) $54.37
(Budgeted) Actual