Welcome to our October 2013 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!
We had a solid month savings-wise even though expenses did run a bit high, and that contributed to an increase in our temporary cash position. But much of the growth in our balance sheet this month comes from increases in our 401K and Roth IRA accounts, which seemed to go up and up, despite the government shutdown.
This month saw us pass the $600K mark for net worth for the first time, which seems pretty amazing considering at the end of December 2012 (so 10 months ago…), we were sitting at a little over $400K and wondering if we would make it to $500K in 2013. Hurrah for bull markets, eh?
And in other exciting news, our mortgage balance now only has five digits. That feels like “kindof a big deal”.
So for the month of October: