August 2015 Financial Statement

It's all about the Benjamins. And Jacksons. And Lincolns. And Washingtons.

August was a kick-ass month.  I’m not even kidding!

OK, so my net worth down a little bit, and the goal of finally ticking over the magical $100,000 in investments mark moved a little further away.  However, I bought as scheduled, so even though my investments are worth less, I have lots more shares, purchased at a steep discount.  The market continues to drop, so this month’s purchases (to occur today) look like they’ll be at a great discount too.

Since I did my first monthly statement on the 8th of last month, I had already been paid for the month, and had already made payments to all my debts.  This means that a few of these balances didn’t go anywhere since then.  Starting this month, all the changes in net worth should be accurate and should move in the right direction monthly.

Luckily, I needed to spend less on my credit cards this month (I never carry a balance past the statement date, so this is always just inter-month float) so that balance came down.  My properties also rose in value, so that went a long way towards keeping the net worth as high as possible.

The bottom line is that my net worth dropped by $1,060.74 this month, which doesn’t bother me in the slightest.  I’m snapping up more shares whenever possible, and buying them at a lower price rocks!

I did a little bit of extra side work this month, and intend to buy a little extra.  Quarterly taxes are due this month too, so that is going to drive my credit card balance way up this month, but I’ll explain why I use the credit cards for tax payments in another article.  I won’t accrue any interest since I pay my cards off in full, right away.

Next month should bring at least modest increases.  I’m putting $3,100 into my investments tomorrow and hopefully will put $1,500 more in later in the month.  Hopefully the property values continue to go up, though I expect it to cool off a bit as we enter fall.

August 2015 Financial Statement
AccountBalanceLast MonthChange
Net Worth$100,211.50$101,272.24-$1,060.74
Personal Checking$3,467.51$8,298.02-$4,830.51
Real Estate Operating Account$1,378.30$1,235.65$142.65
Real Estate Cash Flow Account$1,199.25$1,027.54$171.71
Credit Cards-$5,335.68-$3,920.69-$1,414.99
Retirement - After Tax$37,620.60$39,886.48-$2,265.88
Retirement - 401(k)$49,763.70$53,294.18-$3,530.48
Retirement - IRA$4,177.55$4,576.98-$399.43
Asset - Home$401,716.00$393,573.00$8,143.00
Asset - Rental 1$54,429.00$53,040.00$1,389.00
Asset - Rental 2$72,584.00$71,456.00$1,128.00
Mortgage - Home-$383,946.75-$384,166.24$219.49
Mortgage - Rental 1-$44,965.24-$44,965.24$0
Mortgage - Rental 2-$48,687.25-$48,687.25$0
Student Loan 1-$23,285.27-$23,411.37$126.10
Student Loan 2-$14.474.75-$14,553.14$78.39
Student Loan 3-$5,429.47-$5,411.68-$17.79
Retirement Update

With retirement accounts totaling $91,561.85 at the end of August, a 4% Safe Withdrawal Rate would allow us to take out $305.21 per month.  My rental properties, after all expenses, vacancies, and short and long term maintenance are considered, produce $441.00 of safe cash flow every month.

Safe Monthly Income: $746.21 (-$20.64 to Last Month)

% to Goal: 14.92% (-0.41% to Last Month)

Want to Know How to Track Your Expenses This Closely?

It’s really easy.  Sign up for a Personal Capital account, which is completely free.  It’s how I track my balances across time, and allows me to project all my retirement progress without doing any work at all.  As a disclaimer, if you sign up with Personal Capital, this site may get a referral fee depending on the size of your portfolio.

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