FatStacks' Net Worth for March 2022

Assets Value Change ($) Change (%)
Cash $7,764 $36 0.47%
Stocks $511 $98 23.73%
Company equity $26,360 $6,743 34.37%
HSA $13,294 $779 6.22%
Cars $61,597 - -
Home $171,299 - -
Cryptocurrency $28,696 $6,146 27.25%
401k (old employer) $139,523 $3,140 2.30%
401k (older employer) $192,340 $2,333 1.23%
Profit Sharing (spouse) $59,183 $1,029 1.77%
Boat $45,000 - -
$745,567 $20,304 2.80%
Debts Value Change ($) Change (%)
Home Mortgage (15yr 3%) $118,500 ($616) (0.52%)
Student Loans (2.8%) $6,167 ($133) (2.11%)
Credit Cards $0 - -
Car Loan (72mo 3.82%) $60,296 ($809) (1.32%)
Furniture (48mo 0%) $4,459 ($118) (2.58%)
HELOC (5.25%) $30,000 ($12,000) (28.57%)
Total Debts $219,422 ($13,676) (5.87%)
Net Worth $526,145 $33,980 6.90%
*All values shown in USD ($)
Work bonus came in this month which paid for vacations & paying down HELOC.

Added another $1,632.21 to crypto this month. All-in for: $15,952.34

Went on a weekend jaunt, and a spring break vacation that turned out to be quite costly (but fun). You have to live for today occasionally as a reminder of why we work hard & save.

HELOC rate adjusted from 3 to 3.25% this month due to the increased Fed rate. Many expect that to be the first of many increases, so I'm keeping that in mind.

FICO: 836

Also, I think we're going to owe Income taxes this year instead of getting a refund. Dumb.


4/1/2022 9:43:13 AM FatStacks
I start a new job next week which bumped us up into the next income bracket here 🔥 My wife just passed her 1-year anniversary, so we can finally start contributing to her 401k. I'd like to sack away as much as possible (max her 401k plus start funding Roth IRAs for both of us) so we don't change lifestyle to match the higher income.
4/4/2022 4:28:34 PM labangel
Congrats on the new job!!! In terms of the HELOC, does your monthly payment change when the rate changes?
4/5/2022 8:27:52 AM FatStacks
Thanks! This is our first HELOC, so I'm not sure if this is how they all work, or it's the way ours is setup - we don't really have monthly payments. I went several months without making a payment (no penalties or anything), they just accrue the interest every month (which gets deducted from a checking account we have linked). So the balance basically stays the same unless I actively send in a payment. (It has to be paid off in 10 years; that's the stipulation if I recall) In terms of interest, it was 3% when I opened it and only changed to 3.25% when the fed raised the rates a couple weeks ago.
4/5/2022 8:30:20 AM FatStacks
Originally we opened it so we could buy a vacation home or a boat, but the unintended side effect is that it provides a nice safety net in case we need quick access to cash. Which also means, we don't need to keep a bunch of cash on-hand anymore, we can invest it, etc.