April was a good net worth month. Our net worth increased $18,299.72 from last month to a total of $1,677,502.09 (see spreadsheet screenshot). During the month, we passed our net worth milestones of $1,680K – $1,710K but our net worth sharply declined at the end of the month, erasing that progress. The volatility of our cryptocurrencies is to blame 😊
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) (just had the 1% annual contribution increase kick in). 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 $836.32 to her 401(k) and her company deposited her annual match of $4,162.50. Since I am unemployed, I did not contribute anything to my retirement accounts. The total balance of our retirement accounts increased $27,268.84 from last month to a total of $571,792.12.
Currently, our brokerage account consists of stocks and cryptocurrency (I prefer to track crypto in the “Brokerage Accounts” field rather than “Cash & Savings Accounts”). The total current value is $585,452.91 down $7,560.19 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 $6,056.31 this month to a total of $43,044.02. We pulled money out to prepay for a couple of vacations and buy $3K worth of stock.
College Savings Accounts
Our kids have 529 Plans through Vanguard. This month, we contributed $0 to our son’s 529 Plan and it increased $2,576.16 from last month to a total balance of $45,229.02. We contributed $0 to our daughter’s 529 Plan and it increased $1,633.98 from last month to a total balance of $28,687.30. We completed our 2021 529 Plan deposit goals in Feb by contributing $2K to each of our kid’s plans.
For our home value, we use the $528K purchase price that we paid in July 2016. Current comps in the area are ~$710K. The current balance of our 15-year, 2.375% mortgage loan is $209,234.56. We paid $300 extra to principal this month.
My wife drives a company vehicle and has a company gas card. I drive a 2017 SUV (~85K miles) that we own. In addition, we own a 2013 ski boat.
Credit Card Balance
All of our credit card debt is paid in full each month.