Welcome back to another net worth report!
August is my birth month, so I’m officially one year older at age 26.
We had a pretty good month in August. The stock market went back up from it’s drop in July and we had a better month as far as income as well.
We didn’t do as well as I had hoped with the money saving challenge I started. We spent $1,638.16 less than we did in July, but really the only regular category we saved money in compared to July was lifestyle. At least we cut expenses by nearly half in that category. With housing, we had an issue with one of our outdoor water faucets and that cost around $100.
We also hosted a wedding shower for my sister this month and fixed up some things that needed to be done anyways. Even though the monthly challenge is over, I’m still going to make an effort to optimize our spending as much as possible moving forward.
August was a pretty exciting month for me with the blog. I made a few affiliate sales for credit cards and personal capital. I also made some money from ads. With everything combined, I made over $500 from the blog! I won’t get the money for another month or two becasue of the payments terms with the different companies, but it’s motivating to see that you can actually make money from blogging.
I did some computer work for the antique mall that I sell at, so that’s where the additional money came from. eBay earnings almost doubled from last month and the antique booth did better as well. We earned nearly $1,600 more than we did in July. Hopefully the income will continue to rise!
Over half of my business expenses this month were related to the blog. I’m in the process of getting the site completely redesigned, so next month’s report should be in a brand new dojo 🙂
I’m happy to see the stock market rise back up! I guess I shouldn’t be too happy though since the shares cost more money and I’d rather buy those on discount and have a lower net worth right now since I won’t need the money for decades.
The whopping $70 contributiong to my Roth this month is from cash I got as gifts for my birthday. Being the money nerd that I am, I can’t think of a better thing to do with extra cash than invest it!
I’m not sure why our home equity went up so much, but I’m not complaining! I just go off of what Personal Capital says our home is worth since they connect to Zillow and get their figures from there. To get my true home equity, I take the number Zillow says the home is worth, subtract 10% for seller fees, and then subtract what we owe on the mortgage. The remainder is what I call our equity.
Credit Card Points
- Points earned in August = 7,081
- Total point balance = 7,746
It was time to sign up for another credit card in August since we had received our sign up bonus for the card we were using. I hoped to start signing my wife up for the same Chase cards that I have been using, but for some reason they didn’t accept her application. I’m thinking it’s because the only account on her credit report is from where she was an authorized user on one of my cards. Even though that’s the case, she still has a credit score of over 760!
So, since I couldn’t sign her up for a card, I decided to try the Capital One Venture Rewards Credit Card. With this card, we’ll receive 50,00 travel points for spending $3,000 in 3 months. It also has ongoing benefits of 2x miles on every purchase and 10x miles on thousands of hotels through January 2020. The annual fee is $95, but is waived for the first year.
If you’re curious what other cards I recommend, I recently created this page to share every card I use to get loads of travel points!