Twas the week before Christmas…
I can’t believe we’re a few days away from the new year! 2019 was great and we got a lot accomplished, but I’m looking forward to doing even more in 2020. I’ve only got 5 more months until I’m a dad, so I need to get all the todos taken care of ASAP.
I’ve made a decision to move these monthly reports to a quarterly bases. I don’t think there’s enough value to justify doing them every single month.
Unless I get a lot of feedback that you guys don’t want me to move to quarterly? Let me know what you think in the comments.
I’m never going to stop doing these reports all together until I’ve at least made it to my goal of a million dollars. That was the whole point of me starting the site was to show you that a normal guy like me can become wealthy with the right steps.
I think quarterly is better though as I’ll be able to focus more on writing about different things every month and there will be more to share in the reports when I move to only doing them every 3 months.
So, unless you guys say otherwise, here’s the last report until April 2020!
Our income was a little higher and expenses a little lower in November, so it was a good month!
Blog income was from ads and some affiliate commissions I made a couple of months ago that are just being paid out.
I’m really going to be pushing to boost my blogging income in 2020 and I think I have tons of room for growth!
Other than our credit card balance going up (we pay the statement balance in full each month) it was a great month for our net worth!
We’ve got over $60,000 invested when you include our emergency fund and we might be able to get that number up to $100k in 2020 if the stock market stays up.
I’m hoping the housing market will drop down here in a few years so we can get a good deal on a bigger house. Our little 1,200 SF home is going to fill up fast when we add a baby to the mix!
I try to get rid of anything I don’t need personally, but with needing an office to work from home and using the garage to store eBay items, if we have more than one kid eventually, we’re going to be packed in like sardines!
Credit Card Points
- Points earned in November = -48,483
- Total point balance = 25,298
We used a big chunk of our point balance to buy Christmas gifts. I decided to do this since we probably won’t be taking a big trip in 2020 with us becoming new parents and won’t need the points for travel.
I’m currently taking a break from adding any new credit cards to our arsenal for the moment. Working to build my wife’s credit so she can start getting Chase rewards cards and we can start the 5/24 cycle in her name.
Net worth tracking
If you’re wondering how I do these reports, it’s mainly due to having a free Personal Capital account. I love Personal Capital because it allows you to connect all of your financial accounts and track your net worth in one place. It’s super easy to use.
I would suggest adding your house through Zillow if you own a home so you can see as close of a full picture of your net worth as possible.