August 2016 Income Statement

August was a good income month and a large expense month (see spreadsheet screenshot). Our total income in August was $11,369.67.  In addition to our paychecks, received a small auto reimbursement of $143.80 for the last few days that I drove my personal vehicle (I have a company vehicle now) and my wife received $50 in company reimbursements. We also received a $688.22 property insurance refund and a $50 rebate.  We earned $4.27 in interest income from our savings account. This month, we Read more [...]

August 2016 Net Worth Update (-3,405.11)

Overall In August, our net worth decreased $3,405.11 to a total of $488,858.96 (see spreadsheet screenshot).   The decrease was primarily from selling our vehicle at a loss and having to dip into savings. Retirement Accounts Our retirement accounts are comprised of our 401(k)s, our Roth IRAs and our Traditional IRAs.  We contribute 10% to my 401(k) and 5% to my wife’s 401(k).  My company matches up to $1,000 per year (vested over five years).  My wife’s company matches up to Read more [...]

July 2016 Income Statement

July was another very good income month but also another huge expense month (see spreadsheet screenshot). Our total income in June was $15,115.91.  In addition to our paychecks, we each received a third “extra” paycheck.  I also received a monthly bonus of $830.60 gross ($453.06 net) and $662.49 in auto allowance and mileage reimbursement.  My wife received a $50 in company reimbursements.  We earned $4.29 in interest income from our savings account. This month, we spent a total of Read more [...]

July 2016 Net Worth Update (+$14,372.07)

  Overall In July, our net worth increased $14,372.07 to a total of $492,264.07 (see spreadsheet screenshot).   Our increase was a combination of saving, investing, and market returns. Retirement Accounts Our retirement accounts are comprised of our 401(k)s, our Roth IRAs and our Traditional IRAs.  We contribute 10% to my 401(k) and 5% to my wife’s 401(k).  My company matches up to $1,000 per year (vested over five years).  My wife’s company matches up to 5% of her 401(K) Read more [...]

Net Worth Milestone: $480,000

We just passed our net worth milestone of $480,000!  We passed our previous net worth milestone of $470,000 last month.

Our net worth is currently $482,626.70.  I will update our chart on the left at the end of the month.

We hope to hit our next net worth milestone of $490,000 by September.  As always, God willing.

June 2016 Income Statement

June was a very good income month but an even higher expense month (see spreadsheet screenshot). Our total income in June was $13,753.04.  In addition to our paychecks, my wife received a quarterly bonus $3,750 gross ($2,116.12 net) and $115 in company reimbursements.  I received a monthly bonus of $2,602.69 gross ($1,359.02 net) and $533.27 in auto allowance and mileage reimbursement.  We sold items on Craigslist for $180 and received $145.91 in preschool reimbursements.  We earned $0.74 Read more [...]

June 2016 Net Worth Update (+$139,325.19)

Overall In June, our net worth increased $139,325.19 to a total of $477,892.00 (see spreadsheet screenshot).   Most of our increase came from selling our home for $685K, ~$330K more than we owed on it.  We were in escrow on a new property but it fell through two days before closing due to a tax lien they had on their property.  No worries though, we found a nicer home in a better neighborhood in only two days. Retirement Accounts Our retirement accounts are comprised of our 401(k)s, Read more [...]

Net Worth Milestone: $470,000

We feel blessed to have experienced our largest net worth increase to date.  We just passed the net worth milestone of $470,000, a ~$130K increase in our net worth.  We passed our previous net worth milestone of $340,000 in April. The massive increase was due to selling our home that we owed ~$353K on for $685K; a huge gain in the 4 years that we have owned it.  We purchased a larger, nicer home in a lower cost of living area nearby for $465K.  Since we put a large down payment on Read more [...]

May 2016 Income Statement

May was a good income month but also a high expense month (see spreadsheet screenshot). Our total income in May was $10,815.72.  In addition to our paychecks, I received a monthly bonus of $1611.01 gross ($950.55 net) and $651.22 in auto allowance and mileage reimbursement.  My wife received $200.09 in company reimbursements.  We earned $4.18 in interest income from our savings account. This month, we spent a total of $12,781.47.  We had ~$2,000 in additional expenses associate with selling Read more [...]

Our path to financial independence and retiring early.