December 2016 Net Worth Update (+$17,361.40)


We ended the year really strong!  In December, our net worth increased $17,361.40 to a total of $517,430.64 (see spreadsheet screenshot).  My wife knocked it out of the park, scoring a large $17,325 quarterly bonus ($10,152.65 net).  Huge blessing!  With the bonus, were were able to put $4,880 into savings, made an extra mortgage payment to principal of $1,900, contributed $400 total to our kids 529 Plans, tithed $1,700, and kept the remainder as a cushion in our checking account.

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 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).  My wife contributed $1,616.25 to her 401(k) and her company deposited another $3,232.50 into her 401(k) for her 5% match and 5% extra “chip in”.   The total balance of our retirement accounts increased $8,172.17 from last month to a total of $207,925.13.   We blew passed $200K total retirement savings this month!

Brokerage Account

Currently, our brokerage account consists of $100 cash and one stock (my wife’s old company) valued at $36.17 (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 $4,884.56, bringing the total to $8,425.64.

College Savings Accounts

Our kids have 529 Plans through Vanguard.  This month, we contributed $150 to our son’s 529 Plan and it increased $609.30 from last month to a total balance of $17,301.90.  We also contributed $250 to our daughter’s 529 Plan and it increased $480.12 last month to a total balance of $8,587.02.


We use the $528K purchase price that we paid in July 2016 for our home value.  Current comps in the area are ~$530K.  The current balance of our 15-year, 2.85% mortgage loan is $254,236.72.  We paid $1,900 extra towards principal this month.


My wife has a company vehicle and I have a 2012 sedan with 60K miles.  Our loan balance on my car is $11, 322.39 at 1.99%.

Credit Card Balance

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

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