2019 is off to a strong start! Our net worth increased $23,481.51 from last month to a total of $690,481.78 (see spreadsheet screenshot).
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 in March). This month, we contributed $840.95 to her 401(k). We contribute 7% to my 401(k) and my company matches up to 4% and deposits the match in March (100% vested when deposited). This month, we contributed $511.32 to my 401(k). The total balance of our retirement accounts increased $21,663.93 from last month to a total of $296,297.02.
Currently, our brokerage account consists of a few stocks and some cryptocurrency (I prefer to track crypto in the “brokerage account” field rather than “Cash & Savings Accounts”. The total current value is $5,709.50, up $523.26 from last month.
Cash & Savings Accounts
Cash and savings accounts consists of a small sum of cash at home and our online savings accounts balance. It does not include our checking account balance that we use to pay our bills each month. We dipped into the piggy bank hard this month ☹ Our cash and savings accounts decreased $2,990.80 this month, bringing the total to $9,833.54.
College Savings Accounts
Our kids have 529 Plans through Vanguard. This month, we contributed $100 to our son’s 529 Plan and it increased $1,889.36 from last month to a total balance of $23,400.80. We contributed $100 to our daughter’s 529 Plan and it increased $1,099.60 from last month to a total balance of $12,678.75.
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 $211,715.54. We paid $200 extra towards principal this month.
My wife’s 2017 SUV has 45,000 miles. Her company gives her $300/month auto allowance and $0.53/mile reimbursement. The loan balance on my wife’s car is $38,621.41 at 2.79%. I have a 2012 sedan with 130K miles. My company gives me a $450/month vehicle allowance and provides me with a gas card. The loan balance on my car is $4,542.97 at 1.99%. We also have a ski boat with a loan balance of $51,451.49 at 5.24%.
Credit Card Balance
All of our credit card debt is paid in full each month.