August Net Worth Update


Happy Labor Day! In the US, this is the day that normally signals the true end of summer. School started for our family last week, and my parents are here celebrating the long weekend.

August Net Worth Update

The month of August has been awesome. Weather-wise, it’s the worst month of the year in North Carolina, but I keep telling myself that if I can run in this heat and humidity, I’m set because it’ll just get cooler from here on out. We’ve enjoyed the pool, had Junior ThreeYear go to his first-ever overnight camp in New Hampshire, had two sets of visitors (our friends from NH who now live in TX and my parents), and started school. Mr. ThreeYear and I have been walking the boys to the bus stop each morning, along with Lucy, and it’s been so fun to make friends with our neighbors and see our kids off to school each day.

If you’re just joining, our family of four is on a three-year journey to double our net worth and become location independent. Since we’ve achieved the latter goal, we’ll be primarily focused on the former in each of these reports going forward. Each month, I record our progress on our net worth and our spending. Last year, we increased our net worth by 32% over the year before. This year, we’re trying to increase it by more than 65% from where we started in December 2016. Given our move and the market, I’m not sure it’s doable. But we’re going to try.

Our Progress

As of August 31st, our net worth has increased by a total of 46.7% from our starting point in December of 2016. We are still a few percentage points from our halfway mark, which ideally we should have hit in June. But our financial goals have definitely taken a back seat this summer to other goals, namely moving and getting settled in our new home.

Here’s a graph to track our progress:

Net Worth August

We’re taking these few months to figure out what our new spending needs are, how to find the best deals (that can take awhile, especially for things like car maintenance), and how much we can realistically save each month. To that end, I’m watching how our spending looks each month, especially as we settle into the routine of the school year.

Spending Update

I’ve updated our spending reports to reflect the most important expenses for us, the ones that will reflect our true costs in retirement. These include healthcare costs, currently automatically taken out of Mr. ThreeYear’s paycheck, living costs, and charity costs. I’m not including our mortgage because we plan to have our house paid off in retirement (or we’ll pay cash for it).



Charity: $143. This includes our sponsorship of a child via Compassion International plus some help to a family member.


Groceries: $733.45. We stayed in budget this month, even with the start of school and Whole30 (which I’ll talk more about in our Year of Good Food entry for this month). I continue to buy all our groceries at Aldi–serious no-brainer there.

Eating Out: $280.93. This number was high again this month. It’s for two DoorDash meals, two nicer meals in restaurants, and lots of little here-and-there fast food pick-ups. While I hope we’ll get this number down to under $100, I also recognize that we just had a meal delivered to our house for the first time in eight years, and we freakin’ loved it.


Entertainment: $11.09. Nascar legend Dale Earnhardt, Jr., grew up in a little town about ten minutes from us called Kannapolis. The town now has an awesome park with a splash pad, carousel, and train, that you can ride for $1.50 per person. We did the splash pad and train.

Fun Money: $52.66. What Mr. ThreeYear and I each spend on stuff for ourselves. Mr. ThreeYear is no longer eating lunches out so this cost has dropped considerably.

Gifts: $251.74. We had a college graduation gift, several birthday gifts, and some early Christmas gift purchases this month.


Health insurance: $724.72 paid for by Mr. ThreeYear’s employer currently. Includes medical and dental coverage plus FSA reimbursement for our family of 4.

Fitness: $210. What we paid this month for the swimming pool membership.


Home maintenance: $243. I spent some of this updating Junior ThreeYear’s bedroom, and the rest was for paint and other random upgrades for the house.


Camp: $432.44. $380 of this cost was for a tennis day camp we signed the boys up for in our new neighborhood. $52.44 was for supplies/sending a package for Junior ThreeYear’s overnight camp in NH.

Lessons/Costs: $286.08. The principal cost was a Discovery Place (kids’ interactive science museum) membership I bought for $130. I was on the fence about this one, but it’s good for a year, meaning all of next summer, and both our neighbors have a membership, so we can go with them on playdates. The rest was for back-to-school supplies etc.

Clothes: $96.49. I normally pay next-to-nothing for back-to-school clothes, but since we didn’t have any friends to give us hand-me-downs, I bought the boys some new clothes and shoes. My mom also graciously bought them two outfits each, which means they were well-dressed for the start of school.


Pet costs: $680.69. We have a new category this month. Lucy the Labradoodle joined our family and we absolutely adore her (my poor parents have heard nothing but dog stories all weekend long). But she’s expensive. This cost includes her re-homing fee (ie, what it cost to buy her), one pet visit ($80) before I wised up and found the New Puppy Package at the Humane Society ($120 for all vaccines and spay, which the other vet wanted to charge $450 for), plus dog food, toys, and treats. Mr. ThreeYear kindly pointed out that I have gone crazy in this spending category this month. Duly noted.

Spoiled dog
The princess. Little ThreeYear likes to give Lucy a pillow and blanket while she takes a nap by the fireplace. I know, I know.


Gas: $216.15. Gas costs continue to be higher. I guess we’re driving a lot more than I thought we would be in the city.

Maintenance: $0. A goose egg. Yay.


Internet: $44.95. New, high-speed internet (up to 100 mbps) at our new house.

Subscriptions: $25. Home phone through Ooma, Spotify, Skype.

Electric: $189. Our first electric bill from NC. It’s a summertime electric bill (the AC is on all the time out of necessity).

Natural gas: $19.92. Right now, we’re just paying for our water heater.

Water & Sewer: $115.01. When you go from a cost of $0 for your water to a cost of over $100, it’s a little shocking. I will be working on ways to decrease our water usage in the coming months.


Here it is again in a condensed table format.

August Spending

Charity$143Compassion International, family help
Food1014.38groceries and eating out
Fun315.49entertainment budget, fun money for Mr. ThreeYear and me
Health934.72health insurance and fitness costs
House243maintenance costs
Kids815.02one week of tennis camp for each kid, supplies for overnight camp, Discovery Place membership, back to school supplies and clothes
Pet$680.69re-homing fee, vet visit, treats, food, and toys
Transportation216.15gas for the month
Utilities393.88internet, phone, Spotify, Skype, electricity, natural gas, water & sewer

Ok, while this month contained some higher-than-normal spending (for pets and kids, principally), we’re down to a more normal level. We freely admit that the way we’ve increased our net worth has not been through uber frugality (obviously), but through increasing our incomes and keeping spending on the big three (cars, house, food) low. I hope that costs for September will be even lower, but we’ll see.

Getting a Month Ahead in YNAB

August was the first month that we were a month ahead in budgeting. Each paycheck or bit of money that we received went into next month’s pot, so that it was ready to be budgeted for September. It was amazing to have all the money for September waiting for us at the beginning of the month so we could budget it all at once. It also really made me realize that if I overspent in one category, it meant less to save in another.

School is in Session

We have one week of school under our belts, and so far, so good. We had some bus snafus in the beginning (Little ThreeYear didn’t get off the bus his first day, but luckily I quickly drove to the school and picked him up and he was fine) but other than that, the boys are getting used to things and seem to be liking school each day.

I’m still figuring out what to do with myself. I’ve been making myself rest as much as possible, and trying to figure out a new schedule for myself. I can’t write in the mornings because of Señorita Lucy, our new dog, and so I’ve got to figure out how my days will look now that I have dog duty in the early am and kid duty from 6:30-9am, when the bus comes to pick up Junior ThreeYear. I’ll keep reporting on how things are going, especially at the end of the month, when I’ll head to my first FinCon (and then have my boys’ first Disney trip just after!!!).

I hope you’re having a great start to fall (or spring)! 


Author: Laurie

Hi. I'm Laurie, and my family and I have set out to double our net worth and move abroad in the next three years. Join us on our journey!

13 thoughts on “August Net Worth Update”

  1. Congrats on getting a month ahead! That’s such a good feeling. For me, it feels even more secure than simply having that amount in a bank account without a plan because you *know* you have your needs covered rather than some abstract thoughts about a certain amount of money.

    1. Thanks Tash! I so agree. It’s so nice to know that all the money in the bank account has a purpose, and it’s really cool to see our “age of money” keep getting bigger and bigger.

    1. Thanks Mr. JumpStart. I was proud for staying in budget for clothes and supplies, but the siren-song of “activities” is calling. Must. resist. Kids. will. be. okay. 🙂

  2. Looks like you have all settled in. Do they like the new school?

    My son did his first overnight camp too. I kept watching my phone – was the first time he wasn’t with either of us. And when he finally saw us he just said “hi”, gave me a hug, and went back to his friends. He never missed us!

  3. we buy those bil-jac liver treats for training. gotta be careful not to overdo the treats and have a fat dog on your hands. mrs. me struggles with that due to the awesome cuteness of our dog. i found about half our dog toys just out walking, which is a rare frugal win for us.

    have fun at fin-con. i might go one year if the city appeals to me but orlando is not that place. the boy missed the bus, doh! i hope you’re finding your groove with a routine.

    1. It’s getting a little better this week, or was until school was cancelled for Hurricane Florence. We got the training treats that are 3 calories each which is good because she gets dozens every day 🙂 Mr. ThreeYear just berated me AGAIN for the dog toys because I picked up a few more while buying her food (we took her to the pet store and she “picked out” a couple of things). I am definitely over the top on getting her stuff.

  4. keeping cool tip for NC… 78*F and ceiling fan.
    it balances out during the year…because from oct to mar…you likely won’t need much a/c or heating…so nothing will need to be turned on…maybe ceiling fan now and then, and that one cold week…i use an inexpensive space heater from target instead of turning on big house heat for a couple hours before bed; for bed…toasty down comforter is enough…

    1. This is a great tip. Right now, AC is on 75 downstairs with ceiling fan going. Mr. ThreeYear and I have conflicting views about AC. I try to nudge it higher; he nudges it back down. I think I’m going to try to program it to higher during the day and see if he complains. Might as well try?!

      I love your ideas about heating in the winter. We actually have a space heater and can try to see if it works to heat the room up (we should be pretty good considering it won’t be “that cold” in NC compared to NH!).

      Also doing some tweaks with our water. We’re not watering our lawn this month and I think that will result in a big drop in our water bill. I’m hoping!

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