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Minor Updates

August 1st, 2013 at 05:42 pm

Balance Sheet Affluent: After completing our end-July Net Worth Statement, my sidebar has been updated. Our household net worth is now 1.99 times our "expected net worth" ... getting very close to "Balance Sheet Affluent." This is a goal I started tracking 7 years ago, and have blogged about for not quite that long but a pretty long time. So close and yet so far. The last little bit will be tough. Earned income will be way down because the busy season for DH's business is over for the year, as is the busy season at my employer's company. In September we'll have an estimated tax payment to make and an overseas trip to pay for.

Speaking of DH's Business: As mentioned, his busy season has wrapped up for the year. Final payment from his largest customer hit the bank on Monday. I don't bite my nails waiting for that final payment each year (his business dealings are a calculated risk we agreed to take), but it's always nice to get it tucked away.

Smarty Pig: I opened an account at Smarty Pig. Their APY is 1% and you can exchange some of your savings for gift cards with "cash boosts." I ordered an Amazon gift card (3% cash boost) and a Macy's gift card (11% cash boost).

eBay Sales: They have been slow. I've only sold 7 items. One more has bids and will sell. The item with the highest sale price so far is a freebie that DH brought back from his last business trip. Smile

2 Responses to “Minor Updates”

  1. Wino Says:

    Well done! Hard work and effort always pay off. Has DH been shown the numbers? I know this sounds like it is self-defeating, but I think the two of you should splurge on something after hitting the goal, but next month. Smiling at each other over a glass of wine at a nice restaurant is a good way to say, "We did it."

  2. scfr Says:

    Thanks, Wino. Yes, DH sees the net worth statement. I prepare it; he looks it over and sometimes asks questions. I handle the day to day of our finances but it's important to me that he's in the loop in case something happens to me. Plus, he wants to know the big picture situation; he just doesn't care about the nitty gritty details and he couldn't make an Excel spreadsheet if his life depended on it. He also doesn't care much about becoming "Balance Sheet Affluent" ... that's my goal. DH has an actual dollar amount in mind that he wants to hit by age 50, the age at which he will decide whether or not to pursue his long time dream.

    We will definitely do something to celebrate when we hit DH's $ goal (which will come shortly after we become "Balance Sheet Affluent"), but it will probably be with nice tray of HEB Sushiya sushi takeout!

    When we were working towards paying off our mortgage I dreamed about celebrating with a bottle of Dom Perignon. When the final payment was made, I was just as happy toasting with a bottle of 2-buck-Chuck while basking in the feeling of accomplishment.

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