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 2021 Income Statement

In July, we had a good income month and a large expense month. Our total income in July was $11,321.02.  In addition to my wife’s regular paychecks, she received $184.43 in company reimbursements for internet.  I received $2,820.00 in unemployment benefits. We also received $333 in child tax credits from the IRS and $44.35 in reimbursements from our insurance company.  We earned $10.70 in interest income from our savings accounts. This month, our expenses totaled $12,869.39.  Read more [...]

July 2021 Net Worth Update (+$37,809.73)

Overall July was a good increase month for our net worth.  It increased $37,809.73 from last month to a total of $1,562,903.66 (see 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 6% of her 401(K) contribution and chips in an additional 3% on top of the match at the end of the year (vests over 5 years).  Read more [...]

June 2021 Income Statement

In June, we had a good income month and a large expense month. Our total income in June was $13,733.56.  In addition to my wife’s regular paychecks, she received a $206.38 in company reimbursements for internet.  My unemployment issues were resolved and I received backpay of $5,640 in unemployment benefits for the bast eight weeks.  We also earned $17.26 in interest income from our savings accounts. This month, our expenses totaled $15,078.32.  Large, non-recurring expenses included Read more [...]

June 2021 Net Worth Update (-$10,320.85)

Overall June was another tough month for our net worth.  Due to a downturn in cryptocurrencies, our net worth decreased $10,320.85 from last month to a total of $1,525,093.93 (see 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 6% of her 401(K) contribution and chips in an additional 3% on top of Read more [...]

May 2021 Income Statement

In May, we had a lower than normal income month and a large expense month. Our total income in May was $11,128.31.  In addition to my wife’s regular paychecks, she received a quarterly bonus of $5,100 gross ($2,971.57 net) and $213.37 in company reimbursements for internet.  My unemployment benefits have run out but I am waiting hear back to see if I will receive an extension.  We earned $15.18 in interest income from our savings accounts. This month, our expenses totaled Read more [...]

May 2021 Net Worth Update (-$142,087.31)

Overall May was rough month for our net worth.  Our net worth decreased a staggering $142,087.31 from last month to a total of $1,535,414.78 (see spreadsheet screenshot).   Retirement Accounts Our retirement accounts are comprised of our 401(k)s, our Roth IRAs and our Traditional IRAs.  We contribute 7% to my wife’s 401(k).  My wife’s company matches up to 6% of her 401(K) contribution and chips in an additional 3% on top of the match at the end of the year (vests Read more [...]

April 2021 Income Statement

In April, we had a larger than normal income month and a huge expense month. Our total income in April was $15,055.41.  In addition to my wife’s regular paychecks, she received a third “extra” paycheck.  I received $2,820.00  in unemployment (includes extra $300/week extra stimulus money). My wife received $240.71 in company reimbursements (two months of internet).  We earned $13.93 in interest income from our savings accounts. This month, our expenses totaled $17,803.33.  Read more [...]

April 2021 Net Worth Update (+$18,299.72)

Overall April was a good net worth month.  Our net worth increased $18,299.72 from last month to a total of $1,677,502.09 (see spreadsheet screenshot).  During the month, we passed our net worth milestones of $1,680K - $1,710K but our net worth sharply declined at the end of the month, erasing that progress. The volatility of our cryptocurrencies is to blame 😊 Retirement Accounts Our retirement accounts are comprised of our 401(k)s, our Roth IRAs and our Traditional IRAs.  Read more [...]