Are you sure Halloween wasn't yesterday? The days go by so quickly if you don't stop and think for a bit, something I need to slow down and do much more of. Good news to report: I am in the process of experiencing a new career tract and will be starting month two in the wonderful world of private equity at a local firm here in Rochester...more on this later. Here is an update on our situation and how our books are weathering the turbulence, or should I say getting moist and all wet paper like.
October 2008 Summary:
(financials as of 10/31/2008)
This month we were fortunate enough to experience a net worth loss of only 5.22% or $1,201. This loss was fueled by a big expected downturn in our portfolio of over 18% ($2,438) ouch.. Even the added cream of an additional paycheck this month couldn't mount that hurdle, at least not at my salary. The net worth chart below now looks like a big fishing pole reeling in a monster nine foot sturgeon.
- Net Worth Statement for October 2008: See full spreadsheet here
Additional spreadsheets:
- Where did the money go? October 2008 edition.
A Full breakdown of our income and spending categories. The 5% fun fund system is also shown in practice here. - Alternative Income Details
We were able to add over $340 to our monthly income for October, not nearly as much as in months past and only because our effort level waned (something we are going to rectify). Take a look at our detailed tracking spreadsheet as we continue to work to grow these opportunities.
Goals:
- Goal#1: $10k Emergency Fund - Complete @ $10,445. Still full and interest growing, no impact.
- Goal#2: High Interest Student Loans - at $25,331 Not much change in October. November on the other hand packs a massive punch, more in a post that I am thinking about making soon.
- Goal#3: House down payment - $0 of $40,000 saved. Since this is currently the third stacked goal, it may be a little while before we achieve spillover.
