All posts by 1MansMoney

I am a guy pushing 40 that is married to a beautiful woman in her 30's. If I can only have as much luck with our finances.
Income Statement

August 2017 Income Statement

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August was another good income month but our expense were high this month (see spreadsheet screenshot). Our total income in August was $12,053.09.  In addition to our regular paychecks, I received a monthly bonus of $1,416.67 gross ($799.43 net), a $450 monthly auto allowance, and $13.97 reimbursement from my company.  My wife received $570.49 in auto allowance and mileage reimbursement, $44.99 in internet reimbursement her company.  We earned $2.99 in interest income from our savings accounts. This Read more [...]
Net Worth

August 2017 Net Worth Update (+$2,304.61)

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Overall In August, our net worth increased $2,304.61 from last month to a total of $591,738.38 (see spreadsheet screenshot).  We passed our $590K net worth milestones this month. Retirement Accounts Our retirement accounts are comprised of our 401(k)s, our Roth IRAs and our Traditional IRAs.  We contribute 5% to my wife’s 401(k).  My wife’s new company matches up to 5% of her 401(K) contribution and chips in an additional 5% on top of the match (both 100% vested when deposited Read more [...]
Income Statement

July 2017 Income Statement

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July was a really good income month but a crazy expense month (see spreadsheet screenshot). Our total income in July was $13,450.39.  In addition to our two regular paychecks, I received a bonus (monthly and quarterly combined) of $4,482.97 gross ($2,56063 net).  We also got a $450 monthly auto allowance from my company, $66.95 mileage reimbursement and $44.99 in internet reimbursement from my wife’s company.  We earned $2.31 in interest income from our savings account. This month, our Read more [...]
Net Worth

July 2017 Net Worth Update (+$11,727.10)

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Overall 2017 has been a great year for our net worth.  In July, our net worth increased $11,727.10 from last month to a total of $589,433.77 (see spreadsheet screenshot).  We passed our $580K net worth milestones this month. Retirement Accounts Our retirement accounts are comprised of our 401(k)s, our Roth IRAs and our Traditional IRAs.  We contribute 5% to my wife’s 401(k).  She just started her new and her 401(k) kicked in her second check this month, resulting in a contribution Read more [...]
Income Statement

June 2017 Income Statement

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June was a great income month and a relatively low expense month (see spreadsheet screenshot). Our total income in May was $22,808.39, our 5th highest income month since I began tracking in March 2007.  In addition to our two regular paychecks, my wife and I received a third “extra” paycheck, and my wife received a paycheck for one week at her new job.  My wife received a $12,500 gross ($8,307.18 net) signing bonus for her new company and I received a monthly bonus of $1,541.67 gross ($880.51 Read more [...]
Goals

NET WORTH MILESTONE: $580,000

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We just passed our net worth milestone of $580,000!  This is primarily due to a $12,500 (gross) signing bonus that my wife received for her new job.  We passed our previous net worth milestone of $570,000 last month.

Our net worth is currently $581,054.24.  I will update our chart on the right at the end of the month.  We hope to hit our next net worth goal of $590,000 by August.

Net Worth

June 2017 Net Worth Update (+$12,042.24)

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Overall June was another great month.  Our net worth increased $12,043.24 from last month to a total of $577,606.67 (see spreadsheet screenshot).  We passed our $570K net worth milestones this month. Retirement Accounts Our retirement accounts are comprised of our 401(k)s, our Roth IRAs and our Traditional IRAs.  We contribute 5% to my wife’s 401(k).  My wife’s company matches up to 5% of her 401(K) contribution and chips in an additional 5% on top of the match (both 100% vested Read more [...]