Net Worth: 2020.02.01

Where in the world did January go? It seems like just yesterday was New Year’s Day and now we are quickly approaching Valentine’s Day. I do not have much to share for the month, but we are certainly making progress at increasing our net worth.

Monthly Net Worth Update

Net Worth: 2020.02.01 vs 2020.01.01
Net Worth: 2020.02.01 vs 2020.01.01


We increased our assets by $1,638.30 during the past month. We enjoyed an increase in every category except our depreciating vehicles.

Cash Savings

We are still using YNAB and we still LOVE it. One of the features we like is the Age of Money calculation. This roughly calculates how long you have your money before you spend it. At the end of January our age of money was up to 39 days. This is huge and means we officially broke out of the paycheck to paycheck cycle. We managed to increase our cash by $396.91 in the past month. I believe we can do better, but this all depends on planned future home improvements.

Cash Back/Gift Cards

I am beside myself. Each Xmas, we receive a $50 McCormick & Schmick’s gift card from one of our parents. We save this gift card to use for our Anniversary in October. Somehow, we lost the gift card we received in 2018, so I had to remove $50 from this category. Even so, this category increased by $403.75 in the last month.

This section will increase quite a bit over the next couple months. We signed up for three new credit cards. One will pay us $150 for spending $1,500 in the first three months of having the card, which we already accomplished. The other two will pay us $200 each for spending $500 on each card in the first three months. I believe we can accomplish that during the month, which should be an increase of $550 total.


Something is going on because we are finally up $770.30 for the month. It would be great to see this get back up to the original $11,337 that I threw away in this speculation.


We know we are outliers in the personal finance community with how we treat our retirement. This is true in a couple ways. First, we currently focus on paying down debt more than investing. Second, although the stock market continues to hit new highs each day, we remain sitting on the sidelines. That said, I still contributed $874.27 to my retirement last month. One change is that I plan to increase my contribution by my annual merit increase that should arrive in March.


This account increased by a whole $0.07. The current balance will not even buy a single schoolbook. Dr. SoS and I need to decide what to do about the future education of our kids, but right now they are on their own.


No change in the value of our house over the past month. The average estimate of our house is $344,640 and the median list price in our zip code is $312,000. I feel pretty confident in our current estimate of $310,000 and plan to keep it at that amount for the duration.

Cars and Boat

We realized a large hit to our cars and boat over the past month with the estimated values dropping by $807. The total new value is $34,520. We could almost sell both cars and a boat and buy a Tesla Model 3.


We paid off an additional $2,433.60 in the last month across our three debts.

Credit Cards

We continue to pay off our credit cards weekly. YNAB helps ensure we always have the money to pay off the cards because we only spend what we have in our checking account. It is an amazing feeling!

Car Loan

We only have 11 more $600 payments until no more car payments. We plan to bank the car payment after paying off my car and saving for a used Tesla Model S.


We have 8 years 10 months (106 payments) to pay off the $161,776.21 balance paying off $1,323.75 against the principle last month, which is $3.44 more than the previous month! One other change is that we are taking over paying our home owner’s insurance and property taxes this month. This way we can earn interest on the money we save to pay those two massive annual bills.

Student Loans

We have 23 years 1 month (277 payments) to pay off the $203,841.06 balance paying off $519.85 against the principal last month.

Savings Rate

One thing new that I began calculating each month is our savings rate. The Financial Independence (FI) bloggers always talk about how if you can increase your savings rate, you can reach FI even faster. This prompted me to figure out how we are doing.

I contribute to my work 403b, which is like a 401k but for non-profit companies. We also max out our HSA each year. We save 10% of our household income into these two accounts. In addition, my company matches about 3% of our household salary. This means that with the match we are saving about 13% of our household income.

We are also paying down debt, which is a form of saving. We currently pay 26% of our income toward the principle of our debts including my car, our home, and Dr. SoS’s student loan. This means that our total effective savings rate including debt payments on principle is 39%. This is good, but I know we can do better. I would like to get this up into the 50%+ range. The first step will be to deposit my entire raise into my 403b.


As of the first day of February 2020, we are up 0.66% to a new high of $618,033.94 from our net worth of $613,952.04 in January, and up 12.38% from our net worth of $549,932.03, from February 2019. Our current net worth keeps us in the top 27% at 216/787 bloggers on the Rockstar Finance Directory Net Worth Tracker.

We compile this information each month to keep us accountable and to hopefully inspire others to spend less than they make, save more, and make wise investment choices. If you have any comments or questions, please leave a comment or contact us directly.

Thank you for reading!

Mr. SoS


  1. a house can willingly eat all you are willing to feed it, eh? i swear if we sold our place the yuppies likely to buy it could spend 100k and not have it the way they completely want it….and to me there’s nothing wrong with it!

    we just got a bonus for signing up for a checking account. i haven’t seen any credit card bonuses for no-fee cards in some time. i thought they went the way of the dodo.
    freddy smidlap recently posted…I Just Made $300 for 30 Minutes “Work”My Profile

    1. Welcome back to my site, Freddy! Perhaps we still have one reader! I absolutely agree with your comment about home remodeling. We have tons of ideas about what we would like our house to become. The real question is, should we just tear it down and build what we want? We certainly considered it. We could easily put $125,000 into our house and get it close, but working with a crazy layout will always make it difficult. Right now we are saving for some smaller updates starting with a bathroom and then moving to other areas.

      Citibank keeps trying to get us to switch our accounts for a $500 bonus, but when I read the fine print they want you to also have at least $50,000 across your various accounts with them. I am too happy with our credit union to even consider switching. That said, I still like my Citibank Double Cash Card that earns 2% back on every purchase.

      The cards we received offers from in the mail that pay out bonuses were from Synchrony MasterCard, which coincidentally also pays back 2% on all purchases and USAA Visa. I was able to sign up for a separate account for Dr. SoS and me through USAA to obtain the $200 cash back twice.

      Thanks for reading and for your comments. They are always appreciated.

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