September 2007 Net Worth Update (+$8,496.14)

September has been a banner month. Our net worth increased $8,496.14 over last month to $25,763.37 (click on the spreadsheet below). We blew by our 2007 net worth goal of $22,000 this month! Now we can use the final 3 months in 2007 to start making progress on our 2008 net worth goal of $47,800. Our previous best net worth increase month was March 2007, with a $6,462.28 increase

What worked this month?
We have a lot to be thankful for. My wife was able to find a new job within a week of being laid off from her old job. Because of this quick transition, we experienced no lapse in paychecks and did not have to dip into our savings accounts. Our biggest gain in September came from an unexpectedly large $3,005.63 contribution to my 401(k) from my company’s profit sharing. Our retirement investments also received a boost by a $500 contribution that we did to my wife’s Roth IRA, completing her contributions for 2007, and a $500 contribution that we did to my Roth IRA. We also boosted our savings account balance considerably, by making a few extra deposits in September.

What did not work this month?
The Labor Day week heat wave sent everyone to the store to purchase air conditioners, including us. We spent $377.74 on a portable air conditioner.

What’s coming next month?
My wife and I will both be traveling for business in October. Since both of our employers cover 100% of our expenses while traveling, we should be able to save a little extra money next month.

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