September 2016, Progress Report

September 2016‘s market got a little scary but then bounced back. I am bracing myself for more crazy in the coming months. A huge highlight this month –  we maxed out our other 401k, woot!

All in all, another solid month, we are right on track so far. Here is the summary YTD:

Income* Expenses Assets 529s Debt
September $127.7k $57.9k $355.4k $34.2k $140.2k

Our assets grew by $9.4k while expenses came in at $5.8k (very good considering our trip that took about $1.5k of that! Creating habits is REALLY working!).We now have about 5k of these assets in cash, which we really did not have before. People are right – it gets addictive almost and I feel strange leaving things ‘out of the market’ but a little buffer is good, plus we are considering an alternative investment at this point (just considering) so this helps with options.

Our kids’ college funds grew a bit less than normal as we contributed only $2,650 (vs other months that I was putting about 5k to super fund and be done by the end of the year with a $25k balance for each), and the earnings stayed pretty flat otherwise.

Debt is getting there, we contributed a few extra hundred bucks, but is still not making as much progress as other areas, and that is ok as it is by design.

All in all – three months to go to end the year (wha?! how did that happen!?), almost at goal, very exciting to see progress!

How did you go this month? Did you panic when the market tanked?

Will & Life Insurance

With so much planning about living and retirement, it is a little disheartening to talk about planning for when we are no longer here. While my husband and I have started some estate planning, we have not gotten around to getting that notarized and I must say it makes me stressed so hopefully we can complete that soon and get all our documents in order. This is a big goal in 2018.

Now, as for life insurance – we currently have 2 young kids and each of us parents have a $1 million dollar policy, plus a 1x our salary policy from our work (as benefit). We were recently discussing when to stop having this insurance. Check more on that rationale here.

How about you – what is your plan? Do you have a will, a guardian for your kid(s) or pets and a plan for your assets? How about life insurance?