Disclaimer about our Net Worth
We don’t have any debt, non whatsoever. But we use credit cards to earn some miles and get signup bonuses; we pay the whole balance every month. We own a car and a motorcycle, but we do not include the value of these vehicles in our Net Worth. The same for our kids 529s.
I know, it is late already and I should have posted all the numbers earlier, but this summer has been crazy and we didn’t have time for almost anything. But I was tracking all the numbers because I knew that one day I will write this post. So, here we go.
August 2017 Update
Checking Account – $4,938.83 (+$3,728.77): We decided to keep just enough money in our checking account and transfer everything else to savings account. Plus, we transferred more to the downpayment fund this month.
Emergency Funds – $30,000.00: this is our 6 months worth of living Emergency Fund. We use Ally Online Bank for keeping our Emergency Fund money. And you can read here why your emergency fund is not an investment.