A lot of financial things have changed the last few months. Though we do not have a joint account yet (it’ll eventually get done, I promise), my husband and I have pooled our money together. Here is a snapshot of what our current finances are like.
Total Cash: $36,672.60
- Credit Union checking account #1: $17,188.43
- Credit Union checking account #2: $2,094.26
- Credit Union saving cccount #1: $404.26
- Credit Union savings account #2: $25.05
- Discover Bank savings account: $17,060.55
Total Investment Accounts: $3,525.93
- Roth IRA: $3,525.93
Other Assets: $7500.00
- Car #1: $5000.00
- Car #2: $2500.00
Total Net Worth: $47,698.53
Right now we have a pretty large cash reserve. At least half of it will be gone by the end of the summer once the tuition bill comes in. In my last update, I had an additional investment account with Vanguard, and I wasn’t sure what I was going to use the money for. I’ve decided that I wanted to use the money in that account to pay for my graduate school tuition. I orginally planned on just taking out how much money I needed for the semester, but I would not have enough money to meet the minimum balance, so I cashed it all out. It won’t pay for more than a couple semesters, but it’s better than taking out loans right away.
- Dental School Fund: $22,939.65
- Graduate School Fund: $3683.47
- Emergency Fund: $5496.04
- Vacation Fund: $414.71
- Christmas Fund: $75.00
We ended up using most our honeymoon fund for something else, and we cancelled the mini-vacation to St. Louis we were going take this month. Instead, we used the vacation money to pay for our wedding night hotel (it was a pretty big splurge). The remaining money in the vacation fund will be for our delayed honeymoon next summer. Other than that, we are about half-way to our goal of having $6000 in our emergency fund by the end of the year.