November was another amazing month for our net worth. Our net worth increased $13,211.02 from last month to a total of $800,149.61 (see spreadsheet screenshot). So happy to pass our net worth milestones of $790K and $800K!
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 $579.62 to my 401(k). The total balance of our retirement accounts increased $11,173.68 from last month to a total of $373,058.02.
Currently, our brokerage account consists of a handful of stocks and cryptocurrency (I prefer to track crypto in the “Brokerage Accounts” field rather than “Cash & Savings Accounts”). The total current value is $16,663.47, down $2,095.46 from last month.
Cash & Savings Account
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. Our savings increased $507.96 this month, to a total of $7,992.01.
College Savings Accounts
Our kids have 529 Plans through Vanguard. This month, we contributed $0 to our son’s 529 Plan and it increased $1,061.35 from last month to a total balance of $29,702.85. We contributed $0 to our daughter’s 529 Plan and it increased $627.77 from last month to a total balance of $17,543.63.
We use the $528K purchase price that we paid in July 2016 for our home value. Current comps in the area are ~$580K. The current balance of our 15-year, 2.875% mortgage loan is $192,858.83. We paid $660 extra towards our home mortgage principal this month.
My company provides me a vehicle and gas card. My wife has a 2017 SUV with 70,000 miles. Her company gives her $300/month auto allowance and $0.53/mile reimbursement. The loan balance on my wife’s car is $32,142.47 at 2.79%. We paid $100 extra towards our auto loan principal this month. We also have a ski boat with a loan balance of $48,479.69 at 5.24%.
Credit Card Balance
All of our credit card debt is paid in full each month.