CASHNothing too exciting here – we are purposefully trying to keep our cash balance between $20-25k. Our savings account balance hovers around $20k and the rest is in our checking account. We've been averaging just $10-15 in monthly interest, which is hard to get too excited about.
INVESTMENTSYet another month where our investment balances increased mainly because of what was contributed and hardly any market movement. There haven't been any real changes to our allocations or contribution amounts.
CARSI'm super excited that my car is getting close to the 200,000 mile mark. I just hit 193,000 and should get to 200,000 within the next 6 months. The value of a car is a funny thing. KBB says our cars are worth less than $10k combined but I feel like they mean a lot more than that to me. I love my car and the fact that I haven't ever had any major repairs to it other than regular maintenance (knock on wood). It's hard to think that I'd be able to find another car for a similar amount that is in as good of condition.
HOUSE/MORTGAGEWe paid a near double mortgage payment this month and it's nice to see the mortgage balance knocked down a bunch. We should be able to make similar sized payments for most of the rest of the year but won't quite be able to cross below $200,000 by the end of the year. Zillow has our house continuing to climb in value and now is at $450k.
It's psychological, and perhaps counter-intuitive, but when I see the value of our house this high the thought crosses my mind to downsize and get something we can afford to pay cash for. There are plenty of houses that we could buy for not much more than our current home equity that are looking extremely tempting once we finish up some of our home improvement projects we've got going on (there's always something, isn't there?). Stay tuned for more on that front, we'll likely decide something in the next few months as we finish painting the outside of the house and making some minor improvements to the landscaping.
As always, I'll end with a look back at where we've come from. This helps me to put things into perspective and also continue to look forward.