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Financial mish mash

October 24th, 2014 at 07:38 pm

I am a pretty boring investor. We just buy and hold. We don't actively invest, and I rarely look at the accounts and total them up because it'd probably give me white hairs if I did. Anyway though I guess I'll give some interesting updates.

In January we had $439k in retirement savings, as of today we have $500,444. However when I checked in mid-September (19th) we had $515,884. So it's going up but also come down.

Taxable accounts we started with $195k and are at $228k. Good savings, but more importantly it's not up as high because we've paid off a lot of debt. Starting debt was $27,800 in January 2014. Of which $11,800 was car loans 0.9%, $8k was 0% Credit Cards, and $8k in student loans at 1.9%. So as of today we owe $4900 on one car and $2330 on one 0% CC. We've paid off $20,500 of debt. It was just getting to us so we decided to start minimizing payments even though it didn't make financial sense. Accordingly our NW went up from $839k to $959k. I am hoping the year ends with our retirement solidly above $500k, taxable above $230k, and debt below $5k.

This month I also decided to start a spread sheet on tracking in depth my groceries and eating out. What I found is that I spent a lot more on eating out this month which caused my cooking budget to be super low. Our groceries currently with a week to go is at $282.05. Our eating out $282.28, which I usually don't break $300 (usually closer to $200) and our groceries have been running around $600 a month. And we are eating out at least 1 more meal for sure if not 2 this next week. Yikes!

I guess it's just that we ate out with friends more than usual. We ate out 7 times with friends so far this month and are planning on meeting up on Tuesday again. Socializing is tough on the pocket book.

I can't complain about this year. I think I may keep a running tally of my groceries and eating out which is easier in excel than mint. I also now stand in self-checkout lines at costco and bjs and track what is home stuff and what is groceries.

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