In September we had an amazing income month and an good expense month, relatively speaking.
Our total income this month was $24,826.84. In addition to my wife’s regular paychecks, she received a quarterly bonus of $19,507.50 gross ($12,204.98 net). We also received $163.99 in company reimbursements and $56.20 in interest income from our savings accounts.
This month, our expenses totaled $14,949.39. Large expenses included $3,531.70 for groceries/dining, $2,378.10 for giving, and $970.08 for pet care/pet insurance.
Next month should be a relatively typical income and expense month.
In September, our net worth increased $76,463.34 from last month to a total of $2,011,775.03 (see spreadsheet screenshot).
Retirement Accounts
Our retirement accounts are comprised of our 401(k)s, our Roth IRAs and our Traditional IRAs. My Wife contributes 6% to her 401(k) and her company matches 4% and chips in an additional 6% at the end of the year. Her 401(k) increases 1% automatically in March every year. This month, she contributed $1,998.14 to her 401(k). I do not work and do not contribute to a retirement account any longer. The total balance of our retirement accounts increased $24,930.13 from last month to a total of $924,616.69.
Brokerage Account
Currently, our brokerage accounts consist of stocks and cryptocurrency (I prefer to track crypto in the “Brokerage Accounts” field rather than “Cash & Savings Accounts”). The total current value of our brokerage accounts is $375,151.42, up $40,004.37 from last month.
Cash & Savings Account
Cash and savings accounts consist of a small sum of cash at home, our online savings accounts balance. It does not include our checking account balance that we use to pay our bills each month. Our savings increased $8,926.71 this month to a total of $23,932.58.
College Savings Accounts
Our kids have 529 Plans through Vanguard. This month, we contributed $0 to our son’s 529 Plan and it increased $1,530.81 from last month to a total balance of $79,269.54. We contributed $0 to our daughter’s 529 Plan and it increased $1,071.32 from last month to a total balance of $55,476.21. Our total 2024 contributions so far are $4,000 for our son and $4,000 for our daughter. Our goal for the year was $8,000 total ($4K each) into our kids’ 529 Plans and we reached our goal with time to spare.
Home
For our home value, we use the $528K purchase price that we paid in July 2016. Current comps in the area are ~$924K. We paid off our home in September 2021.
Vehicles
My wife drives a company vehicle and has a company gas card. I drive a 2017 SUV (~105K miles on odometer) that we own (no auto loan).
Credit Card Balance
All of our credit card debt is paid in full each month.
In August, we had a excellent income month and an okay expense month.
Our total income this month was $17,878.60. In addition to my wife’s regular paychecks, she sold some company stock for $9,018.84 gross ($5,287.36 net). She also received $99.99 in company reimbursements and we earned $43.84 in interest income from our savings accounts.
This month, our expenses totaled $15,735.98. Large expenses included $1,375.76 for clothing, $546.91 for gifts, and $763.08 for vacation.
Next month my wife will receive a quarterly bonus of $19,507.50 gross.
In August, our net worth decreased $26,419.90 from last month to a total of $1,935,311.69 (see spreadsheet screenshot).
Retirement Accounts
Our retirement accounts are comprised of our 401(k)s, our Roth IRAs and our Traditional IRAs. My Wife contributes 6% to her 401(k) and her company matches 4% and chips in an additional 6% at the end of the year. Her 401(k) increases 1% automatically in March every year. This month, she contributed $1,022.76 to her 401(k). I do not work and do not contribute to a retirement account any longer. The total balance of our retirement accounts decreased $14,860.03 from last month to a total of $899,686.56.
Brokerage Account
Currently, our brokerage accounts consist of stocks and cryptocurrency (I prefer to track crypto in the “Brokerage Accounts” field rather than “Cash & Savings Accounts”). The total current value of our brokerage accounts is $335,147.05, down $17,987.34 from last month.
Cash & Savings Account
Cash and savings accounts consist of a small sum of cash at home, our online savings accounts balance. It does not include our checking account balance that we use to pay our bills each month. Our savings increased $3,876.67 this month to a total of $15,005.87.
College Savings Accounts
Our kids have 529 Plans through Vanguard. This month, we contributed $500 to our son’s 529 Plan and it increased $1,560.86 from last month to a total balance of $77,738.73. We contributed $500 to our daughter’s 529 Plan and it increased $1,245.78 from last month to a total balance of $54,404.89. Our total 2024 contributions so far are $4,000 for our son and $4,000 for our daughter. This means we hit our 529 Plan contribution goal for the year ($8,000 total) with 4 months to spare.
Home
For our home value, we use the $528K purchase price that we paid in July 2016. Current comps in the area are ~$938K. We paid off our home in September 2021.
Vehicles
My wife drives a company vehicle and has a company gas card. I drive a 2017 SUV (~100K miles on odometer) that we own (no auto loan).
Credit Card Balance
All of our credit card debt is paid in full each month.
In July, we had a great income month and a pretty reasonable expense month.
Our total income this month was $12,121.80. In addition to my wife’s regular paychecks, she sold company stock for 970.84 gross ($552.05 net). We also received a $166 insurance check and $38.19 in interest income from our savings accounts.
This month, our expenses totaled $12,220.87. Large expenses included $2,300 for a new pool filter, $887.40 for clothing, and $500 for downpayment on braces (we are financing the balance for 12 months at 0%).
Next month my wife should be able to sell more of her company stock.
In July, our net worth increased $12,255.86 from last month to a total of $1,961,731.59 (see spreadsheet screenshot).
Retirement Accounts
Our retirement accounts are comprised of our 401(k)s, our Roth IRAs and our Traditional IRAs. We reduced my Wife’s 401(k) contribution from 8% to 6% to help with our cash flow and her company matches 4% and chips in an additional 6% at the end of the year. Her 401(k) increases 1% automatically in March every year. This month, she contributed $1,193.22 to her 401(k). I do not work and do not contribute to a retirement account any longer. The total balance of our retirement accounts increased $136.05 from last month to a total of $914,546.59.
Brokerage Account
Currently, our brokerage accounts consist of stocks and cryptocurrency (I prefer to track crypto in the “Brokerage Accounts” field rather than “Cash & Savings Accounts”). The total current value of our brokerage accounts is $353,134.39, up $11,521.26 from last month.
Cash & Savings Account
Cash and savings accounts consist of a small sum of cash at home, our online savings accounts balance. It does not include our checking account balance that we use to pay our bills each month. Our savings decreased $1,535.14 this month to a total of $11,129.20.
College Savings Accounts
Our kids have 529 Plans through Vanguard. This month, we contributed $200 to our son’s 529 Plan and it increased $1,373.29 from last month to a total balance of $76,177.87. We contributed $200 to our daughter’s 529 Plan and it increased $1,018.83 from last month to a total balance of $53,159.22. Our total 2024 contributions so far are $3,500 for our son and $3,500 for our daughter.
Home
For our home value, we use the $528K purchase price that we paid in July 2016. Current comps in the area are ~$930K. We paid off our home in September 2021.
Vehicles
My wife drives a company vehicle and has a company gas card. I drive a 2017 SUV (~100K miles on odometer) that we own (no car loan).
Credit Card Balance
All of our credit card debt is paid in full each month.
In June, we had a great income month but also a high expense month.
Our total income this month was $17,918.88. In addition to my wife’s regular paychecks, she received a $11,475 gross ($6,380.47 net) quarterly bonus. We also received $366.51 in auto insurance refunds and $32.58 in interest income from our savings accounts.
This month, our expenses totaled $17,642.17 (just $276.71 less than our income). Large expenses included $4,478.19 in insurance costs, $1498.90 in entertainment, and $472.51 in vacation costs.
Next month my wife should be able to sell some of my wife’s company stock for ~$6,000 gross.
Overall In June, our net worth decreased $50,136.06 from last month to a total of $1,949,475.73 (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% (increases 1% automatically in March every year) to my wife’s 401(k) and her company matched 4% and chips in an additional 6% at the end of the year. This month, she contributed $1,937.43 to her 401(k). I do not work, nor contribute to a retirement account. The total balance of our retirement accounts increased $398.77 from last month to a total of $914,410.54.
Brokerage Account Currently, our brokerage accounts consist of stocks and cryptocurrency (I prefer to track crypto in the “Brokerage Accounts” field rather than “Cash & Savings Accounts”). The total current value of our brokerage accounts is $341,613.13, down $59,325.87 from last month.
Cash & Savings Account Cash and savings accounts consist of a small sum of cash at home, our online savings accounts balance. It does not include our checking account balance that we use to pay our bills each month. Our savings increased $4,126.25 this month to a total of $12,664.34.
College Savings Accounts Our kids have 529 Plans through Vanguard. This month, we contributed $200 to our son’s 529 Plan and it increased $2,841.00 from last month to a total balance of $74,804.58. We contributed $200 to our daughter’s 529 Plan and it increased $2,084.83 from last month to a total balance of $52,140.28. Our total 2024 contributions so far are $3,300 for our son and $3,300 for our daughter.
Home For our home value, we use the $528K purchase price that we paid in July 2016. Current comps in the area are ~$933K. We paid off our home in September 2021.
Vehicles My wife drives a company vehicle and has a company gas card. I drive a 2017 SUV (~100K miles on odometer) that we own (no car loan).
Credit Card Balance All of our credit card debt is paid in full each month.
In May, we had a typical income month and a slightly high expense month.
Our total income this month was $11,787.66. In addition to my wife’s regular paychecks, she received a $609.99 in company reimbursements. We also received $38.35 in interest income from our savings accounts.
This month, our expenses totaled $12,567.01, higher than I thought we would finish. Large expenses included $609.53 vacation, $888.49 in medical/dental expenses, and $998.76 for misc items (gym equipment and memberships).
Next month my wife should receive a quarterly bonus of ~$10k.
In May, our net worth increased $169,947.65 from last month to a total of $1,999,611.79 (see spreadsheet screenshot). We gained back most of what we lost in April through our cryptocurrency investments in our retirement and brokerage accounts (the same accounts that caused the decline in April).
Retirement Accounts
Our retirement accounts are comprised of our 401(k)s, our Roth IRAs and our Traditional IRAs. We contribute 8% (increases 1% automatically in March every year) to my wife’s 401(k) and her company matched 4% and chips in an additional 6% at the end of the year. This month, she contributed $1,363.68 to her 401(k). The total balance of our retirement accounts increased $94,656.63 from last month to a total of $914,011.77
Brokerage Account
Currently, our brokerage accounts consist of stocks and cryptocurrency (I prefer to track crypto in the “Brokerage Accounts” column rather than “Cash & Savings Accounts”). The total current value of our brokerage accounts is $400,939.00, up $73,352.45 from last month.
Cash & Savings Account
Cash and savings accounts consist of a small sum of cash at home and our online savings accounts balance. It does not include our checking account balance that we use to pay our bills each month. Our savings decreased $4,438.98 this month to a total of $8,538.09.
College Savings Accounts
Our kids have 529 Plans through Vanguard. This month, we contributed $300 to our son’s 529 Plan and it increased $3,890.37 from last month to a total balance of $71,963.58. We contributed $300 to our daughter’s 529 Plan and it increased $2,750.86 from last month to a total balance of $50,055.45. Our total 2024 contributions so far are $3,100 for our son and $3,100 for our daughter.
Home
For our home value, we use the $528K purchase price that we paid in July 2016. Current comps in the area are ~$925K. We paid off our home in September 2021.
Vehicles
My wife drives a company vehicle and has a company gas card. I drive a 2017 SUV (~100K miles on odometer) that we own (no car loan).
Credit Card Balance
All of our credit card debt is paid in full each month.
Our path to financial independence and retiring early.
