Friday, March 14, 2014

Drum Roll - New Goal reports that the number of millionaires has hit a new high.  Which got me thinking, because this survey of millionaires excludes their primary homes in the asset count.

So, the new goal is to hit the million dollar net worth mark without counting our primary home.  And, looking at our numbers we are not too far from that mark.  At present, our net worth is at $1,380,755 and our primary home's value is listed at $399,000 (value from our last appraisal in 2012).  Which means that we are about $18,000 away from having a million dollar net worth without including our primary home.

Not too shabby.    

Tuesday, March 11, 2014

Interesting Tool

Interesting calculator from MIT that calculates a living wage based on where you live and your life circumstances (number of kids, adults in a household).  Also, provides typical expenses for your area as well.

Monday, March 10, 2014

Royal Screw Up

So, I have a pretty good system set up for our personal finances.  I have a system for paying bills and for our savings that works off of our spending plant.  But, every once in a while things go surprisingly wrong.

At the end of last month, February, I was getting ready to do some work travel and I made the decision to pay our home mortgage March payment in February.  What was I thinking, well it seemed like I had lots of cash laying around our joint checking account, I knew I was traveling and I figured let me just take care of that big bill now instead of later.

Big mistake!  Several auto transfers and other obligations drafted after I made this payment and I, of course, came up short.  And further, of course, I had to try and fix this mistake while traveling.  Ugh, ugh, ugh.

Two weeks later, I am still undoing the damage that was incurred.