Here is our update for the end of Feb. I added the monthly column this time and got rid of a couple of things. It’s really a work in progress. But I’m pretty excited about this months gains. I’m not going to explain our normal budget part cuz it hasn’t really changed, but if you want to read the explanations of our budget click here. Also to clarify, the section that says Beginning of 2011, that is actually the End of Jan 2012. It will be fixed on the next update.
Savings: We totally rocked our savings goals for the month of Feb. Increasing it by $2549.99. Wish we could do this every month. The wife did awesome with grocery shopping and kept our credit card bill around $600 (groceries,gas, misc).
Investments: We had a pretty good month for our 401’s. It was about half contributions and half gains. For the month total we had a total gain of $2,594.34. I’m pretty happy about this number also. Although that could have been a heck of a lot more if I would have held all of one of my trades. (I kept free shares from previous profits and finally sold the free shares for a gain of over 250%)
Debt Payments: This was another screwup of my budget, our mortgage balance that I posted last time was the actual balance at the end of this month. Our payment comes out the 1st of every month so next month will see a different number. Kinda sad to see it the same. We paid just our normal payments on the camper and student loans because we are waiting for our refinance to get finished. Once it is completed, those numbers should be going down considerably every month due to our planned Debt Snowball. For the month our debt was only decreased by $235.83. Not a good number in my book, I guess it’s better than an increase though. Oh well.
Total Assets Increase: $5,144.33
Total Debt Decrease: $235.83
Net Worth End of Jan: -$83,715.20
Net Worth End of Feb: -$78,335
Total Increase in Net Worth: $5,380
All in all I am pretty happy with this month, although I know I could have done better (half of the gains are from investments), it is still a step in the right direction. Next month should be better due to one of my two yearly 3 paycheck months and our taxes being done. Also during March, we are actually going to track outgoing money (didn’t do this in Feb, oops) so we have a better understanding on where our budget needs to be.