Whoa, it’s Q4. Where did the year go? It’s time to buckle down and finish 2014 strong. I hope you’re still keeping track of your 2014 goals and resolutions. I’m doing pretty well on the financial goals, but the fitness goal is going by the wayside. Let’s get started.

2014 New Year Goals

Invest $50,000 in tax advantaged accounts

We added $3,498 in September.

For 2014, we saved $47,900 so far and we are about 96% toward our goal. Alright! It looks like we can finish up in October and surpass our saving goal this year.

  • RB40 401k: $18,249. Great job! Hmm… Did she contributed over the $17,500 max? We’ll have to double check at work.
  • My solo 401k: $15,050 so far. I will break down the business income and expense in our monthly newsletter so if you’re curious, sign up with our email list.
  • RB40 Jr’s 529: $3,600
  • Two Roth IRA: $11,000

Generate $9,000 from dividend stock

We sold 2 rentals and acquired a duplex so accounting is a bit of mess this year. I’ll just remove the rentals from the passive income equation for now. We’ll reduce my goal to just the dividend income. In September we received $835 in dividend. We’re 72% toward our goal. We might come up a little short this year.

Get Leaner – last measured 19%

  • My goal is 17% and it’s not going well. The scale broke down last month so I can’t measure the body fat percentage anymore. I don’t think I can meet the fitness goal this year. The new school schedule is wrecking havoc on my workout routine. Previously, we went to the gym on MWF. Now RB40 Jr. is going to school on MWF so I need to figure out a new routine. I just haven’t been able to get to the gym on a consistent basis since school started.

Travel – Done!

  • We had a big family trip to Hawaii in April and it was great.

Blog Goal – Done!

  • We surpassed my goal of 120,000 pageviews/month in March and continue to improve.

Net Worth (+4% YTD, -1.4% MTM)

The stock market pulled back a bit in September. Coincidently, our net worth also pulled back almost by the same amount. I know using the S&P 500 to benchmark our net worth doesn’t make a lot of sense, but I like to measure it against something. We have a few big repairs to do on the duplex so it will be hard to build our net worth the rest of this year. Next year, we should be rolling again.

For 2014, I’d like to see 8-10% increase in our net worth. Unfortunately, I don’t think we will hit the target this year. We’ll see how Q4 goes.

S&P 500 net worth cash flow

Our portfolio didn’t do very well in September compare to the S&P 500.

If you need help keeping track of your finances, try using Personal Capital to manage your cash flow and net worth. It’s great to see how your finance is doing day to day. Personal Capital is geared for investors and has many useful investment tools. See my review of Personal Capital and how they helped me reduce what I’m paying in investment fees.

Cash Flow

cash flow net worth Take Home Income (target > $5,000)

Whew! We were saved by Mrs. RB40’s third paycheck this month. My online income is lower than usual because I took a trip to New Orleans for FinCon.

Mrs. RB40’s Paychecks: Yes! We love these 3 paychecks months.

Rental income: The rental income is pretty nice this month because we didn’t have to pay the water and trash bill. Those bills are due every 2 months.

Online income: Ugh, this is the 2nd month in a row that I’m not taking home much money. After all the travel expense, tax, i401k, and 529 deductions, I only took home $182. I think we’re almost done with our big business expenses this year, though. October should be much better. I will break down the online income and expenses in our monthly newsletter so if you’re curious, sign up with our email list.

Dividend and interest: $861. The third month of the quarter is always nice. I’m still sitting on quite a bit of cash from the Intel stock sale which I need to reinvest. You can see our dividend portfolio here.

P2P lending: A nice month at +$67. Our current ROI is holding stable at 7.7%. See how we did with Peer to Peer Lending in 2013.

Misc income: $82 from credit card rewards redemption. Not much, but better than nothing.

Expense (target < $4,500)

Our personal expense is good again this month at $3,937 in September. This is our normal spending level without traveling. I know it’s a bit high, but it’s going to be difficult to trim much from this point. Housing is just such a big piece of our expense here in Portland. Anyway, it’s under our budget so I’m happy about that.

Housing: $2,163. Mortgage, HOA, and 1/12 property tax.

Allowance: $400. We get $100/week cash to spend on whatever we want.

Groceries: $363. Our grocery spending seems to be normalizing around $400/month. That’s not too bad for 4 people. Here is a detailed look at our grocery spending.

Child/Dependent: $383. Preschool tuition…

Healthcare/Medical: $157. This is about average.

Entertainment: $74. Gym membership, zoo, ate out a few times.

Misc: $141. We both got some new clothes.

Transportation: $39. We only filled up once in September. Nice!

Surplus (+$11,626 YTD)

Our saving this month is $2,209. I’ll take that in the win column.

Piggy Bank

  • Travel fund:$0. We’re done traveling long distance this year.
  • Roth IRA fund: $0. We maxed out both our Roth IRA for the year.
  • Slush Fund: $3,485. I’ll probably invest this in the dividend portfolio.

Overall, September was a good month. Our income is a bit low, but the 3rd paycheck rescued us. It would have been much tighter if we didn’t have that extra paycheck. Our expense is under budget so that’s good. I’m pretty happy with how we’re doing so far in 2014 and we’ll just need to keep it up.

How about you? Did you have a good month?


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