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.
Income Statement

February 2017 Income Statement

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February was a good income month and a lower than average expense month (see spreadsheet screenshot). I started a new job on 1/30/75 and our total income in February was $9,683.90.  My wife received her two regular paychecks and I received one week unemployment ($450), half a paycheck and a full paycheck.   My wife also received $341.17 in company reimbursements.  We also earned $1.42 in interest income from our savings account. This month, our spending was lower than it has been in many Read more [...]
Goals

Net Worth Milestone: $530,000

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2017 is off to an amazing start.  We passed our net worth milestone of $530,000 today!  We passed our previous net worth milestone of $520,000 in January. Our net worth is currently $530,358.81.  I will update our chart on the right at the end of the month.  Thanks to a huge quarterly bonus that my wife will receive this month, we should pass our net worth milestone of $540,000 in a couple of week! Read more [...]
Net Worth

February 2017 Net Worth Update (+$8,724.58)

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Overall February was a very good month. Our net worth increased $8,724.58 from last month to a total of $529,160.96 (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).  I just started a new job and am not Read more [...]
Income Statement

January 2017 Income Statement

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NOTE: I am posting our January income statement early because I will be busy training at my new job next week:) January was an average income month and a surprisingly large expense month (see spreadsheet screenshot). Our total income in January was $8,524.38.  My wife received her two regular paychecks and I received $1,800 in unemployment.  My wife also received $44.99 in company reimbursements and we unexpectedly received a $93.16 Annual Escrow Acct Disclosure Statement refund.  We also Read more [...]
Net Worth

January 2017 Net Worth Update (+$3,005.74)

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NOTE: I am posting our January net worth update early because I will be busy training at my new job next week:) Overall 2017 got off to a pretty good start.  We saw awesome gains in the market but the were offset a bit by pulling cash from savings.  In January, our net worth increased $3,007.34 from last month to a total of $520,437.98 (see spreadsheet screenshot).  It was great to pass our net worth milestone of $520K this month. Retirement Accounts Our retirement accounts Read more [...]
Goals

2017 Financial Goals

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Happy New Year!  Financially, 2016 was a strong year for us, hitting four of our five 2016 financial goals.  We’re looking forward to what the coming year brings and have listed our 2017 financial goals listed below.  I’m excited to be starting off the new 2016 with a new job that begins January 30th (I was laid off in October). 1) Pass our 2020 Net Worth Goals Going into 2017 with a net worth of 517,430.64, we’re blessed to be tracking ~3 years ahead of our net worth targets.  We Read more [...]
Goals

Review of 2016 Financial Goals

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Happy New Year!  Financially, 2016 was a strong year for us, hitting four of our five financial goals for the year.  It was especially good considering my wife did not start her current job until the end of February 2016 and I was laid off in October 2016.  I will be posting our 2017 financial goals shortly. 1) Pass both our 2016 and 2017 Net Worth Goals - SUCCESS We were blessed to sell our last home for nearly $700K this past summer (only owed $350K on the mortgage).  This helped us absolutely Read more [...]
Income Statement

December 2016 Income Statement

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December was an AWESOME income month, especially considering that I am unemployed (go wife!).  As expected during the Christmas season, our expenses were higher than normal (see spreadsheet screenshot). Our total income in December was $22,434.03.  We were very blessed in that my wife received a $17,325 quarterly bonus ($10,152.65 net) this month!  In addition to my wife’s normal two paychecks, she also received a third “extra” paycheck.  I received $1,800 in unemployment.  My wife Read more [...]
Net Worth

December 2016 Net Worth Update (+$17,361.40)

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Overall We ended the year really strong!  In December, our net worth increased $17,361.40 to a total of $517,430.64 (see spreadsheet screenshot).  My wife knocked it out of the park, scoring a large $17,325 quarterly bonus ($10,152.65 net).  Huge blessing!  With the bonus, were were able to put $4,880 into savings, made an extra mortgage payment to principal of $1,900, contributed $400 total to our kids 529 Plans, tithed $1,700, and kept the remainder as a cushion in our checking account. Retirement Read more [...]