During the month of October, we lost a little bit of ground, but not because of any actions we took. Our net worth declined $4k to $580,516. Let's dive in to see what happened.
CASHOur cash balance increased by $1,900 but this is mostly timing. Going forward though, you should expect to see our cash balance increase. For a little while now, we've tried to keep our cash balance in the $20-25k range and put anything above that towards paying off the house. Back in April, we decided that we wanted to save up for the new Tesla as my next replacement car, but haven't really started saving towards that goal yet. Since we are opposed to borrowing money for purchasing cars and still want to buy a nice car, we are planning to start adding to our savings account each month earmarking anything over $20k for the purchase of my next car.
Between now and the end of the year, we'll have a few thousand in home repair related expenses (driveway leveling and hiring someone to paint the highest parts of the house we aren't comfortable reaching ourselves). We have some travel plans for the holidays as well, but shouldn't see very large expenses for them.