May 2018 Income Statement

May was an great income month but we spent almost exactly the same about we made, which isn’t good (see spreadsheet screenshot). Our total income in May was $13,221.19. In addition to our regular paychecks, I received a monthly bonus of $916.67 gross ($535.94 net). My wife also received a $1,506.38 auto allowance / mileage reimbursement and I received a $450 auto allowance. We earned $5.16 in interest income from our savings accounts. This month, our expenses totaled $13,205.18. Big ticket items Read more [...]

May 2018 Net Worth Update ($9,232.54)

Overall May was a great month for our net worth.  It increased $9,232.54 from last month to a total of $671,313.4 (see spreadsheet screenshot).  We passed our net worth goal of $670,000 this month! Retirement Accounts Our retirement accounts are comprised of our 401(k)s, our Roth IRAs and our Traditional IRAs.  We contribute 5% to my wife’s 401(k).  My wife’s new company matches up to 5% of her 401(K) contribution and chips in an additional 5% on top of the match (both 100% vested Read more [...]

April 2018 Income Statement

April was a great income month and thankfully, a reasonable expense month (see spreadsheet screenshot). Our total income in April was $17,284.35. In addition to our regular paychecks, I received a monthly/quarterly bonus of $5,733.27 gross ($3,352.01 net) and my wife received special bonus of $797.00 gross ($696.60 net). My wife received a $1,851.04 auto allowance / mileage reimbursement and I received a $450 auto allowance. Our Federal tax refund was $426. We earned $5.99 in interest income Read more [...]

April 2018 Net Worth Update ($7,866.38)

Overall April was a good month for our net worth.  It increased $7,866.38 from last month to a total of $662,080.86 (see spreadsheet screenshot). Retirement Accounts Our retirement accounts are comprised of our 401(k)s, our Roth IRAs and our Traditional IRAs.  We contribute 6% to my wife’s 401(k).  My wife’s new company matches up to 5% of her 401(K) contribution and chips in an additional 5% on top of the match (both 100% vested when deposited in March).  This month, we contributed Read more [...]

March 2018 Income Statement

March was an outstanding income month but also a high expense month (see spreadsheet screenshot). Our total income in March was $22,787.57.  This month, I received an 11% raise and my wife received a 1.55% raise.  In addition to our regular paychecks, I received a monthly bonus of $1,250 gross ($730.82 net) and my wife received a quarterly bonus of $14,275.44 gross ($8,109.17 net).  My wife also received a $1,392.22 auto allowance / mileage reimbursement and I received a $450 auto allowance. Read more [...]

March 2018 Net Worth Update ($6,118.13)

March 2018 Net Worth Update ($6,118.13) Overall March was a good month for our net worth.  It increased $6,118.13 from last month to a total of $654,214.48 (see spreadsheet screenshot). Retirement Accounts Our retirement accounts are comprised of our 401(k)s, our Roth IRAs and our Traditional IRAs.  We contribute 5% to my wife’s 401(k).  My wife’s new company matches up to 5% of her 401(K) contribution and chips in an additional 5% on top of the match (both 100% vested when Read more [...]

NET WORTH MILESTONE: $660,000

We just passed our net worth milestones of $660,000! We passed our previous net worth milestone of $650,000 in January.

Our net worth is currently $660,212.53. Our retirement accounts have had the biggest impact MTD. I will update our chart on the right at the end of the month.

My wife will be receiving a large bonus that may bump us past $670,000 by the end of the month!

February 2018 Income Statement

February was a good income month (almost identical to last month) but also a high expense month (see spreadsheet screenshot). Our total income in February was $14,731.26.  In addition to our regular paychecks, I received a monthly bonus of $1,704.83 gross ($996.74 net).  My wife received a $1,027.31 auto allowance / mileage reimbursement and I received a $450 auto allowance.  My wife also received a $2,112.28 reimbursement for internet and other expenses.  We earned $4.43 in interest income Read more [...]

February 2018 Net Worth Update (-$4,165.63)

Overall Sadly, February was not a good month for our net worth.  It decreased $4,165.63 from last month to a total of $648,096.35 (see spreadsheet screenshot). Retirement Accounts Our retirement accounts are comprised of our 401(k)s, our Roth IRAs and our Traditional IRAs.  We contribute 5% to my wife’s 401(k).  My wife’s new company matches up to 5% of her 401(K) contribution and chips in an additional 5% on top of the match (both 100% vested when deposited in March).  This Read more [...]

Our path to financial independence and retiring early.