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.

July 2017 Income Statement

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 [...]

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

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 [...]

June 2017 Income Statement

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 [...]

NET WORTH MILESTONE: $580,000

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.

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

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 [...]

May 2017 Income Statement

May was a good income month and a somewhat expense month (see spreadsheet screenshot). Our total income in May was $11,468.95.  In addition to our two regular paychecks, I received a monthly bonus of $2,500 gross ($1,496.25 net). We also got a $450 monthly auto allowance from my company and $49.99 in internet reimbursement from my wife’s company.  We earned $4.69 in interest income from our savings account. This month, our expenses were high.  We spent a total of $13,123.47 in May.  Read more [...]

May 2017 Net Worth Update (+$8,195.90)

Overall May was another good month.  In fact, every month so far this year has been very good. Our net worth increased $8,195.90 from last month to a total of $565,564.43 (see spreadsheet screenshot).  We passed our $560K 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 Read more [...]

NET WORTH MILESTONE: $560,000

We just passed our net worth milestone of $560,000!  We passed our previous net worth milestone of $550,000 last month.  2017 is tracking to be our best net worth year by far.
Our net worth is currently $561,030.39.  I will update our chart on the right at the end of the month.  We hope to hit our next net worth goal of $570,000 by July.