December 2020 Net Worth Update (+$109,674)


December was our 2nd largest net worth increase month ever, just behind our largest month of June 2016 ($130K increase). Our net worth increased $109,674.00 from last month to a total of $1,252,846.83 (see spreadsheet screenshot). We passed 11 net worth milestones ($1,150K to $1,250K) this month!  Such a blessing!

Retirement Accounts

Our retirement accounts are comprised of our 401(k)s, our Roth IRAs and our Traditional IRAs.  We contribute 6% to my wife’s 401(k).  My wife’s company matches up to 6% of her 401(K) contribution and chips in an additional 3% on top of the match at the end of the year (vests over 5 years).  This month, we contributed $1,361.54 to her 401(k).  Since I am unemployed, I did not contribute anything to my retirement accounts.  The total balance of our retirement accounts increased $20,956.05 from last month to a total of $501,473.88.

Brokerage Account

Currently, our brokerage account consists of stocks and cryptocurrency (I prefer to track crypto in the “Brokerage Accounts” field rather than “Cash & Savings Accounts”).  Our cryptocurrency investments have been skyrocketing lately.  The total current value is $256,693.14, up $94,811.26 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 decreased $6,664.61 this month to a total of $30,361.39.

College Savings Accounts

Our kids have 529 Plans through Vanguard.  This month, we contributed $50 to our son’s 529 Plan and it increased $1,629.69 from last month to a total balance of $37,958.69.  We contributed $50 to our daughter’s 529 Plan and it increased $1,021.36 from last month to a total balance of $23,361.36.


For our home value, we use the $528K purchase price that we paid in July 2016.  Current comps in the area are ~$690K.  We refinanced this month from our 15-year, 2.875% mortgage loan to a 15-year, 2.375% mortgage loan.  As part of the refi, we cashed out $38,237.68 to pay off our boat loan that was at 5.24%.  The current balance of our 15-year, 2.375% mortgage loan is $213,000.


My wife drives a company vehicle and has a company gas card.  I drive a 2017 SUV (~80K miles) that we own.  In addition, we own a 2013 ski boat that we paid off this month (balance was $42,883.23).

Credit Card Balance

All of our credit card debt is paid in full each month.

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