(-0.29% Month / +25.92% YTD) June 2009 Networth
June Highlights
- We had some significant decreases in our cash accounts for the month which contributed to the majority of our decrease in networth. The reason for the decreases in our cash accounts is because we had to pay off the credit card for the work on our backyard. Now that the backyard is done, we have finished all of the major renovations at the new house and shouldn’t have to make any more withdrawals from savings.
- This is the last month that we’ll see any increases into our HSA’s. We have switched from a high deductible insurance plan to a low deductible insurance plan with the birth of our 2nd child just a few months away. The premiums on the low deductible plan are more than twice as expensive as the high deductible plan, but the deductible is only $1,500 versus $6,000.
Right now the plan is to wait until after the birth of child #2 and then change back to the low deductible plan. Normally we wouldn’t be allowed that option, but because having a baby is considered a “life event” by the IRS we have a 30 day window to switch plans. Once we get closer to the birth, I’ll run an analysis and see if it’s really worth it to reset our deductibles if we switch.
To see the progress to our current networth, check out the “Networth Page“, and to see the path we are taking towards our future, check out our Goals.
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