Overall

In November, we passed the net worth milestone of $320,000. This was achieved, primarily, due to my wife’s $11,500 gross ($6909.37 net) quarterly bonus. Our net worth increased $7,338.66 this month, to a total of $324,261.222 (see spreadsheet screenshot).

Retirement Accounts

Our retirement accounts are comprised of my wife’s 401(k), my 401(k), our Roth IRAs and our Traditional IRAs. We contribute 10% to my wife’s 401(k) and 20% to my 401(k). My wife’s company matches up to 3% of her 401(K) contribution and deposits the sum once a year on January 1^st (it is 100% vested when deposited). My company matches up to $1,000 per year (vested over five years). This month, we contributed $1,116.66 to my wife’s 401(k) and $800 to my 401(k). We saw the total balance of our retirement accounts increase $2,058.54 over last month to a total of $160,438.86.

Brokerage Account

Currently, our brokerage account consists of one stock (my wife’s company) that went down $103.11 this month. Our balance is $741.41 on a $2,000.00 in initial investment.

Cash & Savings Accounts

Cash and savings accounts consists of a small sum of cash at home and our online savings account balance. It does not include our checking account balance that we use to pay our bills each month. This month, our cash and savings accounts increased $4,501.66, bringing the total to $5,066.46.  It feels nice to be moving in the right direction with our savings again.

College Savings Accounts

Our kids have 529 Plans through Vanguard. This month, we contributed $0 to our son’s 529 Plan and it increased $27.14 from last month to a total balance of $12,945.65. We contributed $0 to our daughter’s 529 Plan and it increased $11.50 over last month to a total balance of $5,469.24.

Home

We use the $489K purchase price that we paid in January 2012 for our home value. Current comps in the area are ~$650K. The current balance on our mortgage loan is $358,317.00. We paid an extra $0 towards principal this month.

Cars

“Car 1” is a 2011 SUV with ~60K miles and “Car 2” is a 2012 SUV with ~60Kmiles. When calculating our net worth, we depreciate the vehicles 1% per month. “Car 1” has a current loan balance of $21,928.82 and Car 2 has a current loan balance of $27,792.50. My wife receives $800/month as a car reimbursement and her gas is paid for by her company. I receive $230.13/month as a fixed car reimbursement and $0.22 per mile as a variable reimbursement (to help cover gas, wear and tear, etc.)

Credit Card Balance

We do not currently have a credit card balance that is not paid in full each month.