August 2021 Income Statement

In August, we had a good income month and an okay expense month (compared to our monthly average). Our total income in August was $11,995.35.  In addition to my wife’s regular paychecks, she received $198.31 in company reimbursements for internet.  I received $3,525 in unemployment benefits. We also received $333 in child tax credits from the IRS.  We earned $10.50 in interest income from our savings accounts. This month, our expenses totaled $14,440.41.  Large, non-recurring Read more [...]

August 2021 Net Worth Update (+$209,608.21)

Overall August was our 2nd highest increase ever, only bested by a $230K increase in February 2021.  Our net worth which increased $209,608.21 from last month to a total of $1,772,511.87 (see spreadsheet screenshot).  This month we passed net worth milestones of $1,730,000 to $1,770,000. Such a blessing! 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 company Read more [...]

July 2021 Income Statement

In July, we had a good income month and a large expense month. Our total income in July was $11,321.02.  In addition to my wife’s regular paychecks, she received $184.43 in company reimbursements for internet.  I received $2,820.00 in unemployment benefits. We also received $333 in child tax credits from the IRS and $44.35 in reimbursements from our insurance company.  We earned $10.70 in interest income from our savings accounts. This month, our expenses totaled $12,869.39.  Read more [...]

July 2021 Net Worth Update (+$37,809.73)

Overall July was a good increase month for our net worth.  It increased $37,809.73 from last month to a total of $1,562,903.66 (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 company matches up to 6% of her 401(K) contribution and chips in an additional 3% on top of the match at the end of the year (vests over 5 years).  Read more [...]

June 2021 Income Statement

In June, we had a good income month and a large expense month. Our total income in June was $13,733.56.  In addition to my wife’s regular paychecks, she received a $206.38 in company reimbursements for internet.  My unemployment issues were resolved and I received backpay of $5,640 in unemployment benefits for the bast eight weeks.  We also earned $17.26 in interest income from our savings accounts. This month, our expenses totaled $15,078.32.  Large, non-recurring expenses included Read more [...]

June 2021 Net Worth Update (-$10,320.85)

Overall June was another tough month for our net worth.  Due to a downturn in cryptocurrencies, our net worth decreased $10,320.85 from last month to a total of $1,525,093.93 (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 company matches up to 6% of her 401(K) contribution and chips in an additional 3% on top of Read more [...]

Our path to financial independence and retiring early.