This post is a little delayed due to a trip I took to meet some college friends at Lake George. I just got back yesterday, and I’ve been catching up ever since. So here it is, our net worth for August: -$5,618: a net increase of $3,547.
We were a little slack on the alternative income again this month, adding less than $200 for July. Every little bit still helps, but I know we should have been able to do better with a little more effort.
Another recurring issue this month is the negative funding in the fun fund. We manage to stay within the 5% allotment for each month, but haven’t been able to recover from the overspending last January. We will really have to cut back to make this a positive fund again.
Here are the details:
Investment Update: +8.13% for July ,+17.46 YTD
Alternative Income Update: +$190 July, +$2760 YTD
The full spreadsheets with all the information can be seen here:
- Alternative Income Breakdown – Fully updated as income is earned throughout the month.
- Monthly Budget Breakdown – July Edition
- Full Net Worth breakdown – July Edition
Here are blank versions the spreadsheets we use; you can download them if you are interested in using our templates:
- Where did the money go? A spread sheet we use to track individual expenses, both fixed and variable. Each purchase we make is added. We normally use credit cards so we can update this at the end of the month with all purchases, but if we pay cash for something it is added the same day. You can see the 5% Fun Fund in use here – we budget 5% of all income towards fun purchases.
- Monthly dashboard A spreadsheet that shows how our net worth has changed from month to month. It is also used to record the value of all assets (liquid and illiquid) as well as expenses and the current net worth.
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