We once again made some progress, but we ended the month with some excellent news! More on the news below, but first, here’s how the month turned out.
For July, we implemented several changes in the calculations. For that reason, July may be a little off compared to past months, so our progress may be obscured. I’m still deciding what to do with a few things that don’t quite fit into the monthly household expense template, like business expenses that get reimbursed out of business income (before our personal income is counted) and things of that nature.
The markets dipped, yet our savings compensated just enough to continue nudging our net worth upwards.
I also had a devil of a time sorting out some things with our budgeting software, so this month’s update took longer than expected. Frankly, I’m still working some of that out, and may have to revise these numbers slightly by next month.
But there’s more good news..
All in all, we had a good month. But the best news will be coming over the next few months.
This month (August), we learned we’re obtaining an unexpected income increase. And we’re likely due for another soon anyway. My wife has a side gig that’s suddenly taking off too – so a third increase. Needless to say, I’m very excited to see what happens the next few months.
This will all show up in the numbers starting in October, I hope.
If all goes well, we’ll begin saving much, much faster. Our expenses hopefully won’t grow much either. I’m eager to graph it once those things begin – then we’ll be able to see serious progress once again.