November was a great month for my net worth, as I saw it increase by over $4,000 from October!
Here’s the breakdown by category:
Cash (Savings & Checking)
While I have accumulated more money in my bank accounts this month, I still have yet to create a plan for most of my savings account. (Basically, I want to move most of my savings account funds to new places where it can actually grow)
Like last month, I’m just going to leave it alone for now and possibly tackle it after the new year.
Roth IRA
I maxed out my Roth IRA in November!!!
This brought my total balance in the account to over $6,000. I can’t wait to see it grow and max it out again in 2023!
401(k)
I’m happy to see this account over $3,000 now!
Right now, I have no plans to change anything with my 401(k). I just keep contributing 5% of my bi-weekly paychecks, and receive a nice 3% employer match.
If anything changes, of course I will post an update on the blog or on my Instagram!
UTMA
This account saw another increase this month. There’s not much for me to write about with this one, since I pretty much just leave it alone.
HYSA
I deposited $500 into my HYSA in November!
I may do a post in the future about this account, but I earn 3.20% in interest each month. At the beginning of November, I only earned $0.08 in interest (since I barely had it funded at that point), but I’m excited to see this grow in the future.
General Investing 1
My first ever investing account (aside from my UTMA) officially crossed $10,000 in November!
This was pretty exciting for me since I started this account exactly 2 years ago in November 2020! (And yes, I know the growth was quite slow!)
General Investing 2
This account is still quite new but it’s growing slowly but surely!
I’m super excited to see where this account will be in 2023.
Car Value
This amount was pulled from Kelley Blue Book based on the make, model, year, condition, etc.
I’m assuming nothing changed, so I’m keeping the value at $9,000.
Credit Card
In November I had absolutely no debt at all! I must’ve either paid my credit card or just not charged anything to it that month, I’m not sure!
Total Net Worth: $69,903
My net worth is up over $4,000 from October!
This was a very good month, and I’m excited to see what December will bring!