What a crazy year! We passed our net worth milestones of $910K-980K (yes, $70K+ increase) this month! Our net worth is currently $980,077. We passed our last net worth milestone of $900K last month. What a blessing! We hope to reach out next milestone of $990K next month.
All posts by 1MansMoney
June 2020 Income Statement
In June, we had an amazing income month but we also had a huge expense month (see spreadsheet screenshot).
Our total income in June was $16,493.11. In addition to our regular paychecks, I received a monthly bonus of $1,968.00 gross ($1,080.36 net) and my wife received a quarterly bonus of $9,375 gross ($4,895.28 net). My wife also received a $168.66 auto allowance / mileage reimbursements, and $58.99 in internet reimbursements. We also earned $9.38 in interest income from our Read more [...]
June 2020 Net Worth Update (+$23,981.82)
Overall
June was another outstanding month for our net worth. Our net worth increased $23,981.82 from last month to a total of $903,319.95 (see spreadsheet screenshot).
Retirement Accounts
Our retirement accounts are comprised of our 401(k)s, our Roth IRAs and our Traditional IRAs. We contribute 8% 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 of the match Read more [...]
NET WORTH MILESTONE: $900K (actually $860K-$900)
I’m behind a month on our net worth milestones and there’s been a lot of activity. We passed our net worth milestones of $860K and $870K in May and our milestones of $880K, $890K and $900K this month! Our net worth is currently $901,810. We passed our last net worth milestone of $850K in Feb. We hope to reach out next milestone of $910K in August.
May 2020 Income Statement
In May, we had another great income month but a large expense month considering the income (see spreadsheet screenshot).
Our total income in May was $11,589.40. In addition to our regular paychecks, I received a third “extra” paycheck and a monthly bonus of $1,947.00 gross ($1,068.81 net). My wife also received a $168.66 auto allowance / mileage reimbursements, and $58.99 in internet reimbursements.
This month, our expenses totaled only $15,460.79. Large expenses Read more [...]
May 2020 Net Worth Update (+$60,778.03)
Overall
May was another amazing month for our net worth. Our net worth increased $60,778.03 from last month to a total of $879,338.13 (see spreadsheet screenshot). The main driver was 3 years of my wife’s 401K company match vesting this month.
Retirement Accounts
Our retirement accounts are comprised of our 401(k)s, our Roth IRAs and our Traditional IRAs. We contribute 8% to my wife’s 401(k). My wife’s company matches up to 5% of her 401(K) contribution Read more [...]
April 2020 Income Statement
In April, we had an another great income month and a reasonable expense month considering the income (see spreadsheet screenshot).
Our total income in April was $23,352.37. In addition to our regular paychecks, I received a monthly and quarterly bonus of $5,003 gross ($2746.44 net) and my wife received a bonus of $2,500 gross ($1,556.79 net). My wife also received $2,500 in child care reimbursement, $168.66 auto allowance / mileage reimbursements and $46.99 in internet reimbursements. My Read more [...]
April 2020 Net Worth Update (+$52,140.57)
Overall
April was a HUGE improvement over last month for our net worth. Our net worth increased $52,140.57 from last month to a total of $818,560.10 (see spreadsheet screenshot). Such a blessing!
Retirement Accounts
Our retirement accounts are comprised of our 401(k)s, our Roth IRAs and our Traditional IRAs. We contribute 8% 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 Read more [...]
March 2020 Income Statement
In March, we had an awesome income month and a reasonable expense month considering the income (see spreadsheet screenshot).
Our total income in March was $29,578.19. In addition to our regular paychecks, I received a monthly bonus of $1,811.88 gross ($994.65 net) and my wife received a bonus of $18,649.36 gross ($14,352.39 net). My wife also received $646.57 in auto allowance / mileage reimbursements, $300 in gift credit cards and $46.99 in internet reimbursements. We received Read more [...]
March 2020 Net Worth Update (-38,837.58)
Overall
As expected, March was a rough
month for our net worth. Our net worth decreased
$38,837.58 from last month to a total of $765,419.53 (see spreadsheet screenshot).
Retirement Accounts
Our retirement accounts are comprised of our 401(k)s, our
Roth IRAs and our Traditional IRAs. We
contribute 8% 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 of the Read more [...]