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.

March 2019 Income Statement

March was an incredible income month and our expense were reasonable considering we enjoyed a long overseas vacation (see spreadsheet screenshot). Our total income in March was $24,745.31.  In addition to our regular paychecks, I received a monthly bonus of $1,750 gross ($973.18 net) and a $450 auto allowance.  My wife also received a quarterly bonus of $19,431.32 gross ($10,829.36 net), $1,540.87 auto allowance / mileage reimbursements and $44.99 in internet reimbursements.  Read more [...]

March 2019 Net Worth Update (+19,827.25)

Overall March rocked!  We passed our $710K and $720K net worth goals this month! Our net worth increased $19,827.25 from last month to a total of $726,011 (spreadsheet screenshot).  Retirement Accounts 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 5% of her 401(K) contribution (100% vested when deposited) and chips in an additional 5% on top Read more [...]

February 2019 Income Statement

February was an amazing income month and our expense were pretty reasonable (see spreadsheet screenshot). Our total income in February was $22,966.71.  In addition to our regular paychecks, I received a monthly bonus of $1,041.67 gross ($721.89 net) and a $450 auto allowance.  My wife also received a $1,342.96 auto allowance / mileage reimbursement, $44.99 in reimbursements and sold $2,343.60 of her company stock.  We earned $6.31 in interest income from our savings accounts. Read more [...]

February 2019 Net Worth Update (+15,692.06)

Overall February kicked butt!  Our net worth increased $15,692.06 from last month to a total of $706,173 (spreadsheet screenshot).  It was nice to pass $700K net worth again since we tippy toed by it in September 2018 but dropped back down. 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 [...]

January 2018 Income Statement

January was a better income month than expected but our expense exceeded our income (see spreadsheet screenshot). Our total income in January was $14.905.77.  In addition to our regular paychecks, I received a monthly/quarterly combined bonus of $3,458.33 gross ($2,579.37 net) and a $450 auto allowance.  My wife also received a bonus of $2,804.69 gross ($1,579.75 net), a $681.67 auto allowance / mileage reimbursement, and $44.99 in reimbursements.  We earned $12.32 in interest income from Read more [...]

January 2019 Net Worth Update (+$23,481.51)

Overall 2019 is off to a strong start!  Our net worth increased $23,481.51 from last month to a total of $690,481.78 (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).  Read more [...]

2019 FINANCIAL GOALS

Happy New Year!  The years have been flying by and we have set some exciting financial goals for ourselves in 2019.  Here they are:   1) Pass our 2022 Net Worth Goal We ended 2018 with a net worth of $667,000, over 3 years ahead of our 2018 net worth goal.  We would like to keep this lead and end 2019 with a net worth over $721,500 (our 2022 net worth goal). 2) Reduce average monthly expenses by $1,000 We spent an average of $15,620 per month in 2018.  An insane amount Read more [...]