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.

August 2017 Income Statement

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 [...]

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

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 [...]

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 [...]