The first month of me not working was a tough one financially. In October, our net worth decreased $6,226.76, to a total of $286,529.53 (see table below).
What Worked
We saw small gains in our IRA’s, savings, and 529 Plans.
What Didn’t Work
We contribution at total of $242.50 to our retirement accounts, but saw them decrease $566.41. Our 0% credit card balance increased due to purchasing a new HVAC system.
Next Month
November should go a little better because my wife will earn a quarterly bonus of ~$12K gross. We plan to use the proceeds to pay down our 0% credit card debt from the HVAC system.
| Assets | Sep-14 | Oct-14 | Change | % Change |
| 401(k) Accts | 77,552.57 | 76,840.58 | (711.99) | -0.93% |
| Roth IRAs | 10,764.61 | 10,891.89 | 127.28 | 1.17% |
| Traditional IRAs | 45,693.65 | 45,711.95 | 18.30 | 0.04% |
| Taxable Brokerage Accts | 1,148.00 | 1,148.00 | – | 0.00% |
| Cash & Savings Accts | 7,720.37 | 7,814.70 | 94.33 | 1.21% |
| Son’s 529 Plan / Upromise | 10,445.00 | 10,576.31 | 131.31 | 1.24% |
| Daughter’s 529 Plan / Upromise | 3,297.21 | 3,313.44 | 16.23 | 0.49% |
| Home | 489,000.00 | 489,000.00 | – | 0.00% |
| Car 2 | 8,697.30 | 8,610.33 | (86.97) | -1.01% |
| Car 3 | 13,999.23 | 13,859.24 | (139.99) | -1.01% |
| Total Assets | 668,317.94 | 667,766.44 | (551.50) | -0.08% |
| Liabilities | Sep-14 | Oct-14 | Change | % Change |
| Credit Card Balances | 3,509.80 | 9,834.11 | 6,324.31 | 64.31% |
| Home Mortgage | 372,051.85 | 371,402.80 | (649.05) | -0.17% |
| Car 2 Loan | – | – | – | 0.00% |
| Car 3 Loan | – | – | – | 0.00% |
| Total Liabilities | 375,561.65 | 381,236.91 | 5,675.26 | 1.49% |
| Net Worth | 292,756.29 | 286,529.53 | (6,226.76) | -2.17% |