I cannot believe that it is already October. Where did September go!? It was an eventful month. I started a new job, which was an especially big deal since I had been with my previous company ever since I graduated from college. BF is back to school and is teaching several classes this year, which is both exciting and time consuming.
The good news is that despite all of this change (and a continued lack of cooperation from the markets), I’m finally moving in the right direction again. This is the first month since I embarked on my goal to increase by net worth by 46% this year that I’ve actually managed to increase my net worth! Yay!
Between September 1, 2015 and October 1, 2015, my net worth increased by 3%.
My cash savings dropped by 8%, which is mostly good because I invested my extra cash. I’m trying to take advantage of the poor market conditions to buy low. I don’t generally time the markets, and I’m not really planning to in this case either (I’ll hold for quite a while), but I figure whenever I can buy in at a low point it’s a smart decision.
Another reason my cash is a little low right now is that I’m still adjusting to my new pay schedule, which is now bi-weekly. Previously, I was paid weekly, so I had a good understanding of what money would go into and out of my account on a weekly basis. Being paid bi-weekly will be fine, I just need to adjust my cash accounting to reflect it.
My non-retirement investments are up a whopping 48% this month. I am really pleased with this. I have been actively working to build up my non-retirement investments and it is starting to pay off. I’m hopeful that this will continue to move in the right direction as I keep pouring money into the account and, hopefully, the account starts growing a bit more on its own. Markets, please improve!
Finally, my retirement investments are down 3%. This is due mostly to poor market performance. I also haven’t been contributing to this account through paycheck deductions because it took a little while to get that set up through my new employer. I think that the deductions will resume in the next pay period, so the balance should go up in the future.
Overall, I’m very pleased with the progress I made this month. I did very well on the things I can control, and I did well not worry about the things I can’t control (this is a continual struggle for me). I am pleased with where my budget ended up, and hopeful that I can continue on this trajectory.
I think the biggest challenge will be not spending more now that my salary has increased a bit thanks to the new job. With more money coming in, I’m sure there will be more temptation to spend and succumb to that nasty thing called lifestyle inflation. My current strategy is to invest extra cash on a weekly basis so that it isn’t sitting in my checking account waiting to be spent.
How was your September? Any advice for not increasing my spending now that my salary has increased?