June was another tough month for our net worth. Due to a downturn in cryptocurrencies, our net worth decreased $10,320.85 from last month to a total of $1,525,093.93 (see 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 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 $911.10 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 $13,799.16 from last month to a total of $586,790.43.
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 $402,929.03 down $29,710.78 from last month. It was another tough month for our cryptocurrency investments.
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 $2,296.87 this month to a total of $52,333.13.
College Savings Accounts
Our kids have 529 Plans through Vanguard. This month, we contributed $200 to our son’s 529 Plan and it increased $1,193.78 from last month to a total balance of $47,419.64. We contributed $200 to our daughter’s 529 Plan and it increased $840.76 from last month to a total balance of $30,617.68. Total 2021 contributions thus far are $3,200 for our son and $3,290 for our daughter.
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 $205,844.70. We paid $1,100 extra to principal this month. Total 2021 extra payments to principal thus far are $2,100.
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.