Welcome to June’s Financial Update!
We are a little over halfway through 2017, and I am a little over halfway to my financial goal for 2017! I have a lofty goal this year of reaching $150k net worth by the end of the year and I am on track to reach it. Yay!!
I ended 2016 with a net worth of $105,741.88. To reach my goal, I need to increase my net worth by $44,258 in one year. Making a salary of around $45,000. And I’m now halfway there! Thanks to the incredible stock market ride we’re on, and being pretty darn frugal, I’m doing something I really didn’t think was possible!
I’m not gonna lie, it feels pretty awesome!
The biggest (and best) thing that happened in June was the trip to Aruba that Mr. Frugal Turtle and I enjoyed. We spent one glorious week there and it was way too short. I did a full recap of the trip in the post The Pros and Cons to Staying at an All-Inclusive Resort. Check it out!
Once we got back from our trip and we were back to the same old routine, I brought my car in to get my oil changed. I’ve had my ABS light on my dash on for about a month and the worker there told me that there’s an issue with my wheel bearing. It’s going to be a $300 fix. Great. My car’s only worth at most $1,000. I haven’t gotten it fixed yet. Mr. Frugal Turtle is going to look into it and see if he can fix it.
It was a spendy month for car expenses! My auto insurance was due in July but I paid for it in June. $322.20 for six months. Ouch! I prefer paying for the whole bill at once instead of monthly. It saves me a couple of dollars every month, plus I don’t have to think about it every month.
Kohl’s is one of the stores I shop at on a regular basis, but only when they send me a 30% coupon! Well, I got one in the mail last month and Mr. Frugal Turtle and I went on a little shopping spree. This doesn’t happen too often, so I felt okay spending a little over $100 on this trip. I paid for Mr. Frugal Turtle’s items and he bought groceries for the week. We keep our finances separate since we aren’t married (yet!). It works for us.
on to the numbers!
June Net Worth
I ended June with a net worth of $127,008.29. Like I mentioned above, I’m over halfway to my year-end goal!
My net worth includes my retirement accounts and my regular savings account.
I use Personal Capital to keep track of my net worth. Personal Capital is really easy to use and I have to admit, I’m kinda addicted. You can link your credit cards, banks, and investment accounts to this site and it updates all the time. I log in and check my net worth almost every single day. It also has a pretty sweet retirement planner that tells you what you can work on to make your retirement even better. Continue reading “Halfway to My Year-End Goal! and My June Financial Update with Net Worth”