Happy New Year financially savvy folks! This month's spending and net worth report is brought to you by the bad advice that my brother in law gave over Christmas.
"I'm investing in Gold and Rifles." (Only the rifles part of that is true).
"I'm investing in credit cards. You spend as much as you want, and you only have to pay a little bit each month." (They have no debt outside of their mortgage).
"Saving for college is a waste because my boys are geniuses." (Well they are, but he's still saving for college).
"Public school teachers and administrators should be paid less because... AMERICA!" (He works in a public education support role and my sister is a teacher).
Now that you know what not to do with your money, I'll tell you how we spent and invested our money last month.
December 2015 Spending $4566.13
This month brought higher than normal travel, childcare, and rental spending as well as a net of $524 on Home Spending (this included the return of counters, new counters, homeowners insurance, a vented hood, a microwave, some building materials, and a few more odds and ends... in short, the rest of our kitchen), but overall reasonable spending of $4566.13*.
The travel expenses included a rental car, a hotel room, gas, some meals on the road, and some groceries (all of which my parents reimbursed as part of their Christmas gift). This also included a flight to Minnesota for Kenny (last flight before I'm no longer allowed to fly).
Childcare expenses were higher than normal because Rob and I decided to prepay a friend to watch Kenny for the few days that our babysitter needs off over the coming months. Normally when this happens Rob and I sort of tag team childcare and work, but we decided that for the sake of my sanity we need someone available to watch Kenny.
Other than the home renovation spending and the travel expenditures, I don't feel like our spending was very interesting or eventful. As a result, I'm not going to wax poetic about any of it (if you're wondering about gifts purchased for others, they are distributed among miscellaneous, home and grocery... lazy and effective accounting at its finest).
One statistic that I find interesting is our spending less childcare. In this case, the number is $3081 which is right in line with where we want to be.
*We also exclude all charitable contributions from these reports, since I'm a strong believer that giving should be based on conviction and not based on comparing to bloggers.
Net Worth- $479,803.48 (Up $2500)
Despite a last minute crap in the market (or maybe it wasn't a last second thing, I was too busy renovating to notice), our net worth increased $2500. This is mostly due to the fact that December was a 3 paycheck month and the only investing we did in December was in our HSA.
Now that the new year has rolled around, we've maxed out one Roth, and Kenny's ESA, and we happen to be well on our way to maxing another Roth or having money for our Daughter's ESA (we thought the three paycheck month would happen in January, but like a good empoyer, my company pays out before bank holidays, so money that was originally destined for my 401k I guess is going elsewhere).
Altogether, a good month to end 2015 (and hopefully it set us up for a good time to buy into the stock market since we've been doing a lot of that already).
I'm a wife, a mom, an employee, and a personal finance nerd who is devoted to spreadsheeting my way through life.