Ouch! I stayed late, like 12:30 am late, at work last night and now I’m up early tracking this, at least my savings is growing by a few hundred dollars on it’s own. That’s really cool to see!
April Net Worth
Krakens’s Total Net Worth: $38,700
Financially Independent Net Worth: $828,500
Percent of journey completed: 4.4%
Months to Retirement: 81
Kraken’s Checking Account: $7,200
Kraken’s Savings Account: $2,800
Kraken’s Roth IRA: $5,700
Kraken’s Vanguard Index: $12,500
Kraken’s 401k: $1,300
Kraken’s Down Payment Savings: $9,900
Credit Card: -$660
March’s Saving’s Rate:
Savings Rate: 81%
I changed up the savings rate calculation to use expenses instead of the amount of money I saved. This should capture wealth building like interest as increasing my income which is good, however my savings rate will fluctuate more because I pay myself for long term expenses like car insurance. All in all it should average out at the end. I had a big spike in income because my tax return came back, I am going to put this money into my Roth IRA over time, but instead of plopping it all in there at once I am buying over time through dollar cost averaging. I didn’t do this last year and it hurt me.