Thursday, November 28, 2019

Net Worth Update: November 2019

Our net worth increased 3.56% in USD and 4.03% in EUR to $57,087 and €51.756 respectively.

This was a surprisingly good result considering some large expenses. Once again, the stock market performed well. Our taxable brokerage account -- excluding deposited money -- climbed about 5% during the month. The IRAs climbed 3%.

On the expenses front, I finally got the bill for the dental work, and it was as quoted and expensive. Thankfully my health insurance chipped in their part quickly after I'd paid the bill in full, which cut down the cost by a third. I still have some other expected reimbursement sources that will hopefully chip in during the next month.

Our groceries budget was again really high. We had a Thanksgiving feast with some American friends, and we chipped in on some of the costs. But I doubt that was the whole story, and I hope this isn't a new normal.

December Outlook

On the income side, I'll receive my Christmas bonus from work, which adds up to 1/3 of a full month's pay. We also expect to receive the money from my wife's relative who helps subsidize my wife's music lessons. I realize how lucky we are for that.

As mentioned, I expect to receive additional reimbursement for the dental work. It won't cover the whole cost, but it will be enough that the total cost will have been significantly brought down.

We'll have to pay our estimated taxes in December, and that will be a large hit. My wife, due to a US trip, will have worked less in November, which will lower her December income.

We also need to buy my wife a new computer since hers finally died. I'll need to write a separate post about that since that previous computer gave us excellent value over its life.

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