Hello! January was survival mode, I’m working more hours, we temporarily didn’t have childcare, and Brandon shifted to being a full time stay at home dad who works evenings and weekends. We became very burnt out.
I am hopeful that by the end of February we will find some balance again in our lives. Our childcare provider/friend is planning on returning to work after her maternity leave. 🙂 so maybe Brandon and I will actually be able to see each other again.
This will be just in time for March/April when tax season is in full swing and I will be putting in overtime.
The good news is, we don’t have time to be spending money and also didn’t need to pay for daycare as much.
Our Financial Goals:
- Be Debt Free
- Make $2,000+ a month from investments or part time work so we no longer need to work full time.
- Max out Roth IRA Contributions annually.
Our Current Numbers as of end of January:
Investments: ($66,750)
- My Roth IRA: $32,250
- B’s Roth IRA: $30,858
- My IRA: $2,166
- My Roth 401(k): $1,293
- Our son’s UTMA: $183
Savings: ($10,696)
- Savings: $10,696
- HSA: $0
Property: ($201,000)
- House: $194,000
- Car: $7,000
Debt: (-$92,179)
- Mortgage: -$92,179
Total Assets: $278,446
Net Worth: $186,267
When compared to last month, our investments are up about $3,750, our savings went down by about $500, and our mortgage went down about $1,300.
I also decided to lower the estimated value of our car, it has some more dings and scratches now.
An overall net worth gain of almost $4,000. I’m pleased with that.
Because of me putting in overtime February-April and receiving our tax return, we are going to see some AMAZING financial progress over the next 3 months. We are also amending our 2021 tax return, and should be getting another $1,000 or so back.
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