Another three months down, another Net Worth Update.
For the first time all year, I’ve had a drop in my net worth. This quarter, my net worth went down 4.35%. That’s a pretty substantial drop. So where did the money go?
The first check is the investments. That’s the obvious solution. And there it is. Every single one of my investment accounts, including my 401k and Roth IRA, has dropped this quarter. Not a surprise – the markets are down. But that’s not going to change anything for me. I’m going to continue to invest as I have been, continue to contribute to my retirement accounts, and continue to treat my investments as long term enterprises. I can’t do day trading, so all of my investments are longer term.
What about my cash accounts? My day-to-day accounts are only about $300 less than they were last quarter. I wish I were saving more, but I’m pretty pleased with that. I would like to increase those numbers, however.
Credit cards are around the same. But I pay those off monthly, so no concerns there.
I’m slowly whittling away at my mortgage and my car payment. Right now, I’m only paying the minimum on my mortgage, but I’m paying extra on my car payment. I’d like to get that paid off sooner rather than later, but I’m making sure to not throw too much money at it. But it’s pretty easy to round up to the nearest hundred and not notice the difference in my day-to-day.
I’ve got a few trips coming up in the next few months, so the goal is to try to keep those expenses as low as possible. I’ve also decided to make a bigger investment in my health, so my grocery expenses are significantly up this month. On the other hand, my restaurant expenses are way down, so on some level, it does balance out. I don’t care what anyone says, it’s much more expensive to eat healthy. So I’m just going to continue to keep my eyes on the numbers and make smart spending choices.