August keeps getting better! We passed our net worth milestones of $1,030,000. Our net worth is currently $1,032,446. We passed our last net worth milestone of $1,020,000 earlier this month. We hope to reach out next milestone of $1,040,000 in September.

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 [...]

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 [...]

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 [...]

Overall

April was a good month for our net worth.  It increased $7,866.38 from last month to a total of $662,080.86 (see spreadsheet screenshot).

Retirement Accounts

Our retirement accounts are comprised of our 401(k)s, our Roth IRAs and our Traditional IRAs.  We contribute 6% 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 when deposited in March).  This month, we contributed Read more [...]

July was another very good income month but also another huge expense month (see spreadsheet screenshot).

Our total income in June was $15,115.91.  In addition to our paychecks, we each received a third “extra” paycheck.  I also received a monthly bonus of $830.60 gross ($453.06 net) and $662.49 in auto allowance and mileage reimbursement.  My wife received a $50 in company reimbursements.  We earned $4.29 in interest income from our savings account.

This month, we spent a total of Read more [...]

Overall

In January, our net worth decreased $1,553.71 to a total of $328,841.32 (see spreadsheet screenshot). My wife started her new job at the end of February but will not get her first paycheck until March.

Retirement Accounts

Our retirement accounts are comprised of my wife’s 401(k), my 401(k), our Roth IRAs and our Traditional IRAs.  We contribute 5% to my wife’s 401(k) and 15% to my 401(k).  My wife’s company matches up to 5% of her 401(K) contribution and chips in an additional Read more [...]