Personal Financial Update, December 2019

jar of coins

It’s hard to believe that it’s December already and that there is less than a month left of 2019.  The year went by fast, but a lot was accomplished during that seemingly short time span.  Christmas shopping has begun, and it’s being cash flowed as planned.  Plans are being made to visit family, attend a few holiday gatherings, and host a New Year’s celebration at our camp.  Let’s have a look at my finances at year’s end.

Wealth Building

2019 was a great year for my portfolio.  Long term capital gains on my various funds are starting to hit my accounts, and the value of my assets are higher than ever.  I’m still holding right around the $700,000 mark.  A million dollars is within sight and seems more possible than ever.  But before I turn attention to that goal, I have some debt to deal with.


Here is the latest update to my debt:

DebtLast UpdateCurrent UpdateChange
Line of Credit$1,878.58$1,878.58$0.00
Truck Loan$16,596.97$16,254.80($342.17)
Student Loans$34,939.20$34,790.36($148.84)


Down another $1000 since November, and that’s without making a payment on the Line of Credit yet.  That will be made later this month.  Another successful month so far, as my debt continues to deflate.


I was paid for the side job that I mentioned in my update last month.  I made $300 cash so far.  There is still more work to do, so I’ll be finishing that up in the next week and will be receiving some more money.  Also, I have another lead from doing this kitchen cabinet job.  Another mutual friend wants some work done in their kitchen, so I’ll be following up on that soon.  I’ll give an update as soon as possible as to how this all plays out.

Changes for Next Update

I had some extra expenses this month.  Some were planned, one was not.  Christmas shopping was planned.  I also had to buy a ton of coal to keep the furnace going.  Unfortunately, my furnace needed a part replaced.  Luckily, I was able to do the work myself, so it only set me back $150.  It could have been much worse, so I consider myself fortunate there.

That’s all for now.  As always, keep working towards your goals.  It’s time to start laying out a plan for 2020.  Comment below on your progress for 2019.  I’d love to hear your story.  Until the next update.

See Also:

Personal Financial Update, NOV 2019

Personal Financial Update. Oct. 2019, Part 1

Eliminate the Debt and Live Your Life

10 Great Frugal Christmas Ideas

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