Tuesday, August 13, 2019

July 2019 Net Worth Update

Financially speaking, July was a pretty good month in the DIY$ household. We had one of our most expensive months ever, but still managed to grow our net worth to a new all-time high of $955,950. 






CASH

Our cash balance went down a bit this month but is still above our preferred minimum of $20k. We'll be recovering over the next few months since a lot of this was due to one-time expenses such as summer travel, rental cars, expensive yard work, and semi-annual insurance payments.


INVESTMENTS


Our investment portfolios continue plugging along, primarily in low-cost index funds. There should be more to report here once we pay off the house. Until then, we're contributing enough to my 401k to get my employer match and not really investing outside of retirement accounts. 

HOUSE/MORTGAGE

Since we had so many other demands on our cash last month, we weren't able to make as big of a mortgage payment as we've been doing, but still paid nearly $1,000 more than our minimum payment. Our home value is back up to where it was a few months ago before a house was sold at a really low price and threw off the online estimates at Zillow.

Last spring we got some new sod for an area of our front yard that had gotten overgrown with weeds and where the actual grass had all died. We got 4 pallets and laid it ourselves in a single afternoon/evening. Last month, we got 4 more pallets for the rest of the front yard and parts of the back yard that needed and spent our Friday evening laying it ourselves. 

As far as yard work goes, laying sod has got to be one of the most straightforward jobs. It's definitely hard work, but I never really considered hiring out that part of the job since it's something I can do myself. Coincidentally, our neighbors got sod professionally laid the same week that ours was delivered and I was really curious how much we were saving by subjecting ourselves to such hard work. 

As we were laying the sod they talked to us and without even having to ask, they let us know what they paid. It made the pain worth it to know that what ended up taking us only 4 hours to do, would have cost us $500 for someone else to do. I'm still young enough that for $60/hour I'll do the work most every time.  

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