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 2018 Income Statement

August was a good income month and a pretty terrible expense month (see spreadsheet screenshot). Our total income in August was $13,804.42.  In addition to our regular paychecks, I also received a monthly bonus of monthly bonus $1,833.33 gross ($1,071.87 net) and my wife received gift cards from her company worth $350.  My wife also received a $1,004.42 auto allowance / mileage reimbursement and I received a $450 auto allowance. We earned $4.17 in interest income from our savings accounts. This Read more [...]

August 2018 Net Worth Update (+$7,548.32)

Overall August was good month for our net worth.  It increased $7,548.32 from last month to a total of $691,616.71 (see spreadsheet screenshot). Our retirement accounts passed $300K this month.  Such a blessing! 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 Read more [...]

July 2018 Income Statement

July was a great income month and a very reasonable expense month (see spreadsheet screenshot). Our total income in July was $16,699.83. In addition to our regular paychecks, I also received a monthly bonus of monthly bonus $5,289.32 gross ($3,094.21 net) and my wife received a special discretionary bonus of $900 gross ($685.61 net) . My wife also received a $1,391.98 auto allowance / mileage reimbursement and I received a $450 auto allowance. We earned $4.07 in interest income from our savings Read more [...]

July 2018 Net Worth Update (+$6,972.26)

Overall July was a great month for our net worth.  It increased $6,972.26 from last month to a total of $684,068.39 (see spreadsheet screenshot). 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 when deposited in March).  This month, we contribution Read more [...]

NET WORTH MILESTONE: $680,000

We just passed our net worth milestones of $680,000! We passed our previous net worth milestone of $670,000 in June.  The pace of our net worth increase in 2018 has been at a relatively slower pace than last year but we hope to make up ground the 2nd half of the year.

Our net worth is currently $680,982.02. Our retirement accounts led the way to our net worth increased this month.

June 2018 Income Statement

June was a great income month but and a bad expense month (see spreadsheet screenshot). Our total income in June was $14,940.21.  In addition to our regular paychecks, I received third “extra” paycheck.  I also received a monthly bonus of monthly bonus $1,791.67 gross ($1,047.51 net) and my wife received a quarterly bonus of $2,946.00 gross ($1,662.37 net).  My wife also received a $851.06 auto allowance / mileage reimbursement and I received a $450 auto allowance. We earned $5.31 in interest Read more [...]

June 2018 Net Worth Update (+$5,782.73)

Overall June was a great month for our net worth.  It increased $5,782.73 from last month to a total of $677,096.13 (see spreadsheet screenshot).  Interestingly, we passed one million in assets this month (not that it means much lol). 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% Read more [...]

May 2018 Income Statement

May was an great income month but we spent almost exactly the same about we made, which isn’t good (see spreadsheet screenshot). Our total income in May was $13,221.19. In addition to our regular paychecks, I received a monthly bonus of $916.67 gross ($535.94 net). My wife also received a $1,506.38 auto allowance / mileage reimbursement and I received a $450 auto allowance. We earned $5.16 in interest income from our savings accounts. This month, our expenses totaled $13,205.18. Big ticket items Read more [...]

May 2018 Net Worth Update (+$9,232.54)

Overall May was a great month for our net worth.  It increased $9,232.54 from last month to a total of $671,313.4 (see spreadsheet screenshot).  We passed our net worth goal of $670,000 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 Read more [...]