Done To Zen

Overall, July was an extremely good month as far as finances go. Though the stock market continued to do badly (though not as badly as in June), my 401K balances went up due to contributions. I also recovered about “lost” money: I had contributed to an IRA last year and forgot about it completely until I got a statement from the company.

I managed to keep my 401K at 10% for another month, which feels like a great achievement all by itself.

Assets (+9.79%)

Checking #1:        -82.39%
Savings #1:         -97.95%
E-Fund:             +187.82%
401K:               +25.24% (if kept in cash/bonds: +35.28%)
Downpayment:        +4.50%
IRA:                -10.34%

Checking #1 and Savings #1 are temporary holding accounts out of which I pay my bills, hence the drastic differences in them since July. When I was doing my net worth update, the accounts had inflated amounts in them because I hadn’t paid my bills yet.

Technically-speaking, since I didn’t know that I had an IRA account as of last month, everything in the IRA should have been a +, but I decided to count the full amount that I contributed to the IRA as being there for June and the current balance for what was there in July.

Liabilities (-1.74%)

Mortgage:       -.75%
Credit card:    -96.92%

Mortgage went down so much (as compared to last month) because I’m counting both June’s mortgage payment and July’s mortgage payment in this update; for June, I had only counted May’s.

Credit card went down because it got paid off at the end of the month.

Net Worth (+4.02%)

Liquidity:      -33.05%
House %:        +1.36%

Liquidity suffered this month because of the reduction in cash at hand due to bill payments. Or rather, liquidity in June was inflated because of all the extra cash at hand.