It’s time for my monthly Reinvermogen update (Google tells me that means Net Worth in German). We had a pretty stellar month, thanks to you guys/gals. PDITF brought home a little over $1,000 in March. Before you go thinkin’ this is a cash cow, keep in mind I made $0 last month. My blog’s income is about as consistent as Charlie Sheen’s sanity. Here’s the breakdown…
Checking Account: $8,713; +$4,343. I haven’t been too concerned with moving money around much while I’ve been in Germany. I also have a whopper of a Credit Card bill due this month (see below), so I need to keep cash easily accessible to pay that sucker in full. You should pay your CC in full too…just sayin’.
Savings Accounts: $27,685; +3,029. Managed to sneak another $3,000 in to savings this month. Shhh, don’t tell Girl Ninja. Just kidding, she’s the only reason we are able to save every month! Dual income kicks major pirate booty.
Roth IRA: $22,866; +$617. I wish I could say I had some crazy awesome investment secrets, but in reality my retirement strategy is quite lame. Buy and hold baby, buy and hold. I’m rockin’ three different Vanguard mutual funds just as hard as I rocked bleached tips in high school. Anyone else bleach their tips!?
TSP (401K): $23,340; +$1,022. 5% of my gross pay invested + 5% matched by employer = Consistent growth in my retirement fund. If you aren’t contributing to your retirement you better check your priorities. I don’t want to have to support you when you’re old and wrinkly 🙂
Student Loan: $0. Next month will mark my one year debt free anniversary. Do you think I should remove this section from my liabilities, or keep reminding myself I punched Sallie Mae in the face?
Credit Card: $3,371. Oh man. This behemoth makes my heart hurt. Moving, flying Girl Ninja to Germany, and buying a bag of crack adds up quick. I plan to pay this sucker in full just like every other month. Who wants to pay 19% interest when you can pay 0%? Answer: Crazy people.
In all we managed to move up another $6,095 since last month. That puts our total Net Worth at $78,233 (this time last year, it was $37,894). This was one of the biggest gains we’ve seen. Hopefully we can keep the upward trend going. Hoping to hit that $100,000 mark before years end. Thinkin’ about taking up a side job as an underwater basket weaver to bring home a little more moolah. What would your unrealistic side hustle be?
p.s. you can see all of my net worth updates here.
**I chose not to include ‘possessions’ (including our cars) in our NW calculations, which would probably increase our worth by about $15,000.**