PoP Balance Sheet – July 2016

Welcome to our July 2016 Balance Sheet!

We use the structure of a monthly income statement and balance sheet in tandem to make sure we are keeping our expenses low and planting our pennies wisely. If you’re not already tracking your finances using these two methods, go to mint.com and get started today! If you have any questions about how we do this just post a comment and we’ll be sure to help!

The S&P 500 climbed over 3% last month, and our brokerage accounts were happily along for the ride, climbing nearly $30K this month between deposits and increases in share value.  

The real estate values here are getting fairly long in the tooth and are overdue to be updated.  What’s holding me back are two pending sales that I am waiting to close (two closed last month, but two more are outstanding) before I re-run those calculations and update them here.  When the changes happen they’ll likely be pretty significant, so I want to make sure we’re not getting ahead of ourselves with booking these values.

Here are the numbers for July:

  • Our total assets went up by $32.9K 
  • Our total liabilities went down by $0.9K 
  • Net worth went up by $33.7K 
  • Total net worth as of the end of July is $1,071.0K, which represents a 3.25% increase this month.

For the details…

Continue reading PoP Balance Sheet – July 2016

PoP Income Statement – July 2016

Welcome to our July 2016 Income Statement!

More cabinet doors! =)

More cabinet doors! =)

Mr. PoP and I put these income statements together for two reasons. First, we want to be transparent about our finances because we’re trying to be role models for other people who are trying to plant their own pennies (and end up with dollars someday!). Second, we do this to make sure we’re on track to meet our own long-term goals. If you’re not tracking your income statement and balance sheet, we highly recommend you start using a program like Mint to keep track of it all.

July turned out to be a fairly average 2016 month for us. That is, our expenses weren’t crazy low, but it was mostly a couple of large-ish line items tipped the scales by upwards of $1K.

The first big item is tires for our car. We last replaced these in August of 2013, to the tune of $660. That time around we were nearing being due for tires and a flat that wasn’t patchable meant we had to get new tires ASAP. So we didn’t shop around and paid (literally) for the convenience. This time around we’re trying to stay ahead of the game and are hopefully getting better tires for less money. Mr PoP ordered these tires (4 of them) from TireRack.com for $418, and we’ll have to pay another $70 or so later this week to get them installed at the tire place around the corner from our house. This amounts to an approximately 25% savings over what we paid 3 years ago, and hopefully better tires, to boot. Considering this is (for now) our only car, keeping it up and running is important, so kudos for Mr PoP for taking care of this issue so well.

The second big item on the list is travel, to the tune of ~$750. This was a scuba day-trip for Mr PoP, and then the last portion of my Ecuador trip later this fall. That trip is now fully paid for (except for incidentals), but we still have more travel spending through the end of the year – most of which I imagine will be coming in August/September as Mr PoP leaves for Burning Man with his best friend later this month. While he’s not trying to break the bank with Burning Man spending, we’re also treating this as something he’s not likely to do again anytime soon… so that’s where we are there.

Kitty PoP also had an unusually pricey month at $152, but all is well there. His yearly vet check-up required 2 vaccinations this year, which is why it was a bit more expensive despite him being the picture of health. To top it off, Kitty PoP also ran out of food and litter. What a needy kitty!?! =P

The Bottom Line

  • Earnings before principal paydowns and savings allocations of $4,250.  

And the details…

Continue reading PoP Income Statement – July 2016

Money Emails Sent To My Internet Dopplegangers

I’m sure it’s happened to most people*. Emails or text messages from random strangers that were meant for others and were sent to you on accident.  Like this one…

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I don’t get a ton of these messages, but every once in a while someone hurriedly shoots off an email to one of my internet-dopplegangers, that is, one of the assortment of virtual strangers with whom I share a first initial and last (well, maiden now) name and it ends up in my inbox.

That’s not all that odd, though. I own FLast@gmail.com and many of my internet-doppplegangers have email addresses like F.Last@gmail.com or FLast94@gmail.com. So it’s not outside the realm of possibility for me to receive an occasional email meant for them.

What is kindof odd, I’m now starting to realize, is just how many of these emails are about money in one way or another, and it almost makes me want to jump into the conversation and put my two cents (haha) in as well. I don’t… usually I just email the person who sent the email to tell them they should check their sender. But, what would it look like if I did answer on behalf of some of my internet dopplegangers?

Email #1

Continue reading Money Emails Sent To My Internet Dopplegangers

Happy Friday – Shut the Front, Err, Cabinet Door!

Today I am thrilled beyond belief that we are starting to get cabinet doors installed on some of the (IMHO beautiful) cabinets that I built over the past year since my very first cabinetry-cation.

You wouldn’t think it’d be a big deal to get cabinet doors installed, but this is pretty huge. And now I can’t wait to get even more up so that we no longer have to check and make sure we don’t need to dust off cups, plates, and bowls before we use them.

After the fourth of July, I was able to take a few days off work and make some progress on the doors, so now we’ll have to OPEN cabinet doors to access some items! Novel, I know… but here are the doors that are hung so far.

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knobs will be added before too long, to prevent our dirty hands from constantly touching the whitish/grey paint* that we chose for our cabinet color.

How did These Doors Come About?

Well, I built them.

Continue reading Happy Friday – Shut the Front, Err, Cabinet Door!

PoP Balance Sheet – June 2016

Welcome to our June 2016 Balance Sheet!

We use the structure of a monthly income statement and balance sheet in tandem to make sure we are keeping our expenses low and planting our pennies wisely. If you’re not already tracking your finances using these two methods, go to mint.com and get started today! If you have any questions about how we do this just post a comment and we’ll be sure to help!

Happy Independence Day!  (If you’re in the US, that is.)

captainamerica

Alternatively, happy Good Riddance Day if you’re in the UK!

goodriddance

While it’s not yet our Financial Independence Day, we are surprisingly closer to that day at the end of this month.  I say surprisingly, because going into the month and awaiting the Brexit vote, I just had a gut feeling that we would get kicked out of the double comma club.  (And we might have been mid-day a couple days after the vote when the market hit its Brexit low, at least so far.)  But by the end of the month, the market recovered, and we had actually even managed to execute our monthly deposits into our taxable account during the Brexit mini-crash.  So we got a nice 3% sale on those compared to the day before.

Here are the numbers for June:

  • Our total assets went up by $11.3K 
  • Our total liabilities went up by $0.5K (just a function of when we pay the cc balance)
  • Net worth went up by $10.8K 
  • Total net worth as of the end of June is $1,037.3K, which represents a 1.04% increase this month.

For the details…

Continue reading PoP Balance Sheet – June 2016