November was basically a neutral month for our net worth. Our net worth decreased $857.05 from last month to a total of $1,903,747.19 (see spreadsheet screenshot). We passed our net worth milestones of $1,910K to $1,930K this month but fell back below later in the month.
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, she contributed $1,798.14 to her 401(k). Since I am unemployed, I did not contribute anything to my retirement accounts. The total balance of our retirement accounts decreased $17,542.24 from last month to a total of $659,539.45.
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 of our brokerage accounts is $523,472.00, up $86,465.99 from last month.
Cash & Savings Account
Cash and savings accounts consists of a small sum of cash at home, our online savings accounts balance and stablecoins that we earn interest on. It does not include our checking account balance that we use to pay our bills each month. Our savings decreased $68,921.27 this month to a total of $25,696.43. We pulled a large sum out to do a short term investment in cyptocurrencies. We plan to replenish our savings when we sell in a couple of months or so.
College Savings Accounts
Our kids have 529 Plans through Vanguard. This month, we contributed $0 to our son’s 529 Plan and it decreased $66.93 from last month to a total balance of $51,803.92. We contributed $0 to our daughter’s 529 Plan and it decreased $43.51 from last month to a total balance of $33,670.61. Total 2021 contributions thus far are $3,950 for our son and $3,990 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 ~$840K. We paid off our home in September 2021.
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.
New Vehicle Fund
Our new car fund is intended to cover future vehicles for our family. Contributions are invested in cryptocurrencies. We track these crypto investments separately for our others (see brokerage account above). This month, our new car fund increased $38.79 from last month to a total of $3,564.35.
Credit Card Balance
All of our credit card debt is paid in full each month.