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It’s the beginning of the month, which means it's time to examine last month's finances. I'm happy to see us slowly move up with our net worth, but that doesn't mean we had a smooth sailing time.

Our Spending Habits in October

Here are some spending highlights from last month:

  • Video Games – Completely contrary to normal spending habits, we bought 3 games. One of the was used (like most of our purchases), but we really wanted to get Rockband 3 and The Force Unleashed 2.
  • Camping Trip – Best idea of the month as we got to camp over on the Western end of North Carolina with our friends. We got to drive on the Blue Ridge Parkway and visited the Smoky Mountains. Our buddies hooked us up so we just needed to buy some snacks, proper shoes, and hats.
  • Coats – Yes, coats. I've worn out a few of my old stand-bys. I used RetailmeNot to get some coupon codes and we were able to knock it down a good amount.

What does that mean for us? Time for more PB&J sandwiches 😉

Checking & Savings

As you see with our spending habits, our checking account was looking lower than normal. Savings remained the same. We're just going to continue watching budget and adjusting it accordingly.

Our Cars

The cars are doing well. No repairs this past month, so I'm happy. The car replacement fund is doing well, growing according to schedule.

In case you’re wondering how I got the vehicles’ values, I usedKelly Blue Book. We no longer have car loans, so they are just assets on our books. Every quarter I’ll update them to account for depreciation.

Retirement Accounts

My husband's 401(k) is doing well. He has a good size bump with his account. Right now, my husband automatically has his 401(k)contributions deposited to get his company’s match. I have a Roth IRA that I’m contributing on my end.

Student Loans

Nothing exciting or new, we’re just chugging along with the student loan payments. Payments have been automated so it’s been relatively easy to keep up with them; we just confirm payments have been made each month.

Monthly Summary

After tallying up all the accounts, I’m happy to report we’re growing our net worth.It's a nice little jump and I hope we finish out the year with a net worth of $50,000. We'll see.

Net Worth (as of October 31st, 2010): $42,275.15 (+3,431.01)

Your Net Worth Update

How are you doing with your finances? How are you doing in 2010 so far?

About Elle Martinez

Elle Martinez helps families at Couple Money achieve financial freedom by sharing tips for reducing debt, increase income, and building net worth. Learn how to live on one income and have fun with the second..

5 comments add your comment

    • We’re happy for the little boost; I’m hoping that it’ll continue as I work with more partners on Couple Money. Yakezie has definitely been a great help!

  1. I always do enjoy the beginning of each month to see other people’s Net Worth. Good work. The new Rock Band purchase is 120% justifiable IMO!! especially if you copped the new keyboard!!! I like this car replacement fund that you have as well. I might have to copy you!

    • This is the first Rockband we purchased, so we now have to get all the instruments. Ouch on the wallet, but it’s so much fun! My husband wants to learn the keyboard so that’s his baby and I pre-order the MadCatz guitar to learn some chords. Who knows, I might start a new site in a few months – 🙂

      Thanks for the encouragement; I wish you guys the best!

  2. Congrats on the bump!

    I just started Force Unleashed 2 last night…bad ass game! Feels weird typing that out at 28 but whatever, right!