Our Spending Habits in June
June 2010 Spending
The big event in June was our (working) vacation in Los Angeles. Attending E3 was fabulous and quite an experience. I’m so excited about games coming out, such as The Old Republic,Spiderman: Shattered Dimensions, Rockband 3, and The Force Unleashed 2.
Nintendo’s 3DS is much better than I anticipated and I’m already budgeting for its release (along with games mentioned). We’re also looking at Kinect for our XBox.
If you’re looking for a recap of our trip, here are some of my posts on it.
I know, I know…I need to go ahead and finish up with the 3rd day of E3,but I’ve been busy. I’ll update it as soon as I can.
Looking at our spending, you’ll see that eating out was a big expense this month. We’re not too worried as this was a planned trip. Next month, though, we’ll be looking for creative (and cheaper) ways to eat out.
Checking & Savings
Our checking account took a small beating. We had a lot of fun in California and we spent money during the trip. We’re frugal people, but we know that sometimes you spending money on experiences is the way to go. Our saving accounts did well and managed to grow a bit.
As for our tax refund, we’re still waiting for it. Long story short, we didn’t deposit it correctly and so we’re waiting to receive our digital copy to get the money into our accounts. Once we get that check, we’re increasing our savings (I think it’ll probably go in the car replacement fund) and we’re paying down our mortgage.
No change with our cars. In case you’re wondering how I got the numbers I recorded in the spreadsheet, I’ve got the prices from Kelly Blue Book. We no longer have car loans, so they are assets.
Every quarter I’ll update them to account for depreciation. I went to Kelly Blue Book this month and new amount reflects the depreciation. If you’re looking for tips on paying off your car loan faster, we shared our own family plan for getting it done.
There’s not too much to update here. Our retirement accounts are down a bit, but nothing alarming. We just have to ignore all the hype and noise and just keep up with contributions.
House and Mortgage
We’re really happy to see our mortgage balance go down a bit faster with every month. We’ve been making our extra mortgage payments, with it being directed towards the principle. With the tax refund check problems, we’re still waiting to knock it down by a good chunk.
Here’s where we stand today with the mortgage:
- Total Loan Amount: $122,033
- Interest Rate: 5.00%
- Loan Term: 30 years, fixed rate
If we continue to pay $150/month extra towards principle, our 30 year mortgage will become a 20 year mortgage. That means we’ll save $42,408.57 in interest payments!
Like the past few months, we’re chugging along with the student loan payments. Payments have been automated so it’s been relatively easy; we just confirm payments have been made each month.
After tallying up all the accounts, we saw our net worth go down (for the 2nd month). No one likes to see it go down, but it wasn’t by much. With our little spending spree done, I think next net worth review will be much better.
Net Worth (as of June 3oth, 2010): $23,691.54 (-$723.38)
Your Net Worth Update
How are you doing with your finances? How are you doing in 2010 so far?