May was a rough month for our net worth. Our net worth decreased $7,722.68 from last month to a total of $728,143.17 (spreadsheet screenshot).
Our retirement accounts are comprised of our 401(k)s, our Roth IRAs and our Traditional IRAs. We contribute 7% to my wife’s 401(k). My wife’s company matches up to 5% of her 401(K) contribution (100% vested when deposited) and chips in an additional 5% on top of the match in March (vests over 3 years). This month, we contributed $847.84 to her 401(k). We contribute 10% 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 $743.60 to my 401(k). The total balance of our retirement accounts decreased $8,647.52 from last month to a total of $322,026.90.
Currently, our brokerage account consists of a handful of stocks and some cryptocurrency (I prefer to track crypto in the “Brokerage Accounts” field rather than “Cash & Savings Accounts”). Our cryptocurrencies have started to show some life again! The total current value is $14,663.82, up $4,904.02 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 raided our savings this month resulting in a reduction of $3,992.83 this month, bringing the total to $4,940.84.
College Savings Accounts
Our kids have 529 Plans through Vanguard. This month, we contributed $0 to our son’s 529 Plan and it decreased $942.90 from last month to a total balance of $26,284.35. We contributed $50 to our daughter’s 529 Plan and it decreased $508.86from last month to a total balance of $15,577.11.
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 $203,566.02. We paid $300 extra towards our home mortgage principal this month.
My company provides me a vehicle and gas card. My wife has a 2017 SUV with 55,000 miles. Her company gives her $300/month auto allowance and $0.53/mile reimbursement. The loan balance on my wife’s car is $36,168.44 at 2.79%. We also have a ski boat with a loan balance of $50,129.19 at 5.24%. We paid $100 extra towards our boat loan principal this month.
Credit Card Balance
All of our credit card debt is paid in full each month.