May 2020 Income Statement

In May, we had another great income month but a large expense month considering the income (see spreadsheet screenshot).  Our total income in May was $11,589.40.  In addition to our regular paychecks, I received a third “extra” paycheck and a monthly bonus of $1,947.00 gross ($1,068.81 net).  My wife also received a $168.66 auto allowance / mileage reimbursements, and $58.99 in internet reimbursements. This month, our expenses totaled only $15,460.79.  Large expenses Read more [...]

May 2020 Net Worth Update (+$60,778.03)

Overall May was another amazing month for our net worth.  Our net worth increased $60,778.03 from last month to a total of $879,338.13 (see spreadsheet screenshot).  The main driver was 3 years of my wife’s 401K company match vesting this month. Retirement Accounts Our retirement accounts are comprised of our 401(k)s, our Roth IRAs and our Traditional IRAs.  We contribute 8% to my wife’s 401(k).  My wife’s company matches up to 5% of her 401(K) contribution Read more [...]

April 2020 Income Statement

In April, we had an another great income month and a reasonable expense month considering the income (see spreadsheet screenshot). Our total income in April was $23,352.37.  In addition to our regular paychecks, I received a monthly and quarterly bonus of $5,003 gross ($2746.44 net) and my wife received a bonus of $2,500 gross ($1,556.79 net).  My wife also received $2,500 in child care reimbursement, $168.66 auto allowance / mileage reimbursements and $46.99 in internet reimbursements. My Read more [...]

April 2020 Net Worth Update (+$52,140.57)

Overall April was a HUGE improvement over last month for our net worth.  Our net worth increased $52,140.57 from last month to a total of $818,560.10 (see spreadsheet screenshot).  Such a blessing! Retirement Accounts Our retirement accounts are comprised of our 401(k)s, our Roth IRAs and our Traditional IRAs.  We contribute 8% to my wife’s 401(k).  My wife’s company matches up to 5% of her 401(K) contribution (100% vested when deposited) and chips in an additional Read more [...]

March 2020 Income Statement

In March, we had an awesome income month and a reasonable expense month considering the income (see spreadsheet screenshot). Our total income in March was $29,578.19.  In addition to our regular paychecks, I received a monthly bonus of $1,811.88 gross ($994.65 net) and my wife received a bonus of $18,649.36 gross ($14,352.39 net).  My wife also received $646.57 in auto allowance / mileage reimbursements, $300 in gift credit cards and $46.99 in internet reimbursements.  We received Read more [...]

March 2020 Net Worth Update (-38,837.58)

Overall As expected, March was a rough month for our net worth.  Our net worth decreased $38,837.58 from last month to a total of $765,419.53 (see spreadsheet screenshot).  Retirement Accounts Our retirement accounts are comprised of our 401(k)s, our Roth IRAs and our Traditional IRAs.  We contribute 8% to my wife’s 401(k).  My wife’s company matches up to 5% of her 401(K) contribution (100% vested when deposited) and chips in an additional 5% on top of the Read more [...]

February 2020 Income Statement

In February, we had a good income month and a good (relatively low) expense month (see spreadsheet screenshot). Our total income in February was $14,424.37.  In addition to our regular paychecks, I received a monthly bonus of $2,075 gross ($1,139.08 net) and my wife received an award bonus of $3,383 gross ($2,000 net).  My wife also received $509.50 in auto allowance / mileage reimbursements and $46.99 in internet reimbursements.  We also earned $15.44 in interest income from our Read more [...]

February 2020 Net Worth Update (-42,828.74)

Overall February was a tough month for our net worth.  At one point during the month, we passed our net worth milestones of $850K.  By the end of February, our net worth had plummeted.  Our net worth decreased $42,828.74 from last month to a total of $804,257.11 (see spreadsheet screenshot).  Retirement Accounts Our retirement accounts are comprised of our 401(k)s, our Roth IRAs and our Traditional IRAs.  We contribute 7% to my wife’s 401(k).  My wife’s Read more [...]

January 2020 Income Statement

In January, we had a good income month and but also a high expense month (see spreadsheet screenshot). Our total income in January was $14,652.22.  In addition to our regular paychecks, I received a monthly and quarterly bonus $5,100 gross ($2,799.70 net) and my wife received a discretionary bonus of $1,000 gross ($533.69 net).  My wife also received $1,072.85 in auto allowance / mileage reimbursements, $600 in gym reimbursements and $46.99 in internet reimbursements.  We also Read more [...]

Our path to financial independence and retiring early.