I’m just getting back from a nice quick trip for the 4th of July and wanted to provide an update on our net worth. June was an expensive month for us in the DIY$ household. Nonetheless, we managed to still grow our net worth by $3,900 to $668,176.
June 2017 Net Worth Details
Our cash balance crept up this month but should jump more in July. We finished installing a backyard fence and had multiple trips that had me on planes for 27 hours in the month. Side note, it’s REALLY expensive to rent cars now that we need vehicles that can hold 4 car seats/booster seats.
I even added another stamp to my passport by visiting Santiago Chile for the first time. The best part of the trip was that my 6-year old son was able to join me. While on that trip, I almost had a disaster when I realized mid-flight that I still didn’t have a replacement debit card from when our accounts were hacked. Thankfully I did have some cash to convert and I made to sure to use credit cards everywhere I could and it worked out. Travel and home projects for July should be much lighter.
The S&P 500 returned 0.48% in June and we continued to stay the course. We continue to add 15% of my income to my 401k and are primarily invested in S&P 500 index funds. The only sort of exciting thing here is that our liquid assets are about to surpass $400k.
Our car values supposedly went up this month, but the overall trend still is down. I am a little bit nervous that one of our vehicles might die soon, but the fear is ungrounded. Both cars are doing great just getting old. What’s the longest you’ve heard a Corolla lasting? I drove my mom’s Suburban the other day and she’s at 210,000 miles.
Yet again, we paid extra on our mortgage but not nearly as much as we’d like to do. Once our cash builds up a little more we’ll start making much larger payments. For the first few years in this house, most of our home improvement projects were on the inside of the house. In the past year, we’ve shifted our focus to the exterior of the home. In June, we finished installation of a new aluminum fence.
We live on just under two acres but fenced in an area large enough for the kids to play in, but small enough to be relatively easy to manage. The next step was to tear down our deck. Rather than rebuild the deck, we’ll be pouring a concrete slab with some steps down to it from the house. Once that’s done, we’ll be focusing on the grass and possibly starting a garden. It’s going to be a lot of work, but surprisingly it feels less intimidating now that we’ve fenced in the area we’ll be focusing on beautifying.
Here you can see part of the new fence and the area the deck used to be
Overall, it’s been a good start to the year for us and I’m optimistic that we can reach our net worth goal before the end of this year. I’ll leave you with another view on our progress so far this year.