In August, we had a great income month but also a very high expense month.
Our total income in August was $15,962.77. In addition to my wife’s regular paychecks, she received an unexpected bonus from old company of $706 gross ($443.72 net) and she exercised stock options worth $4,467.38 (net). We also earned $162.55 in interest income from our savings accounts.
This month, our expenses totaled $18,729.97. Large expenses included $3,150 for puppy, $1,266 for gym memberships, and $990.05 for giving.
Next month my wife should receive a quarterly bonus of $14,917.50 gross.
In August, our net worth decreased $6,612.94 from last month to a total of $1,485,778.30 (see spreadsheet screenshot).
Retirement Accounts
Our retirement accounts are comprised of our 401(k)s, our Roth IRAs and our Traditional IRAs. We contributed 7% 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 $1,150.52 to her 401(k). Since I do not work, I did not contribute anything to a retirement account. The total balance of our retirement accounts decreased $3,070.67 from last month to a total of $580,474.25.
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 $204,793.01, up $765.76 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 $2,328.23 this month to a total of $46,888.36.
College Savings Accounts
Our kids have 529 Plans through Vanguard. This month, we contributed $0 to our son’s 529 Plan and it decreased $1,004.37 from last month to a total balance of $57,635.99. We contributed $0 to our daughter’s 529 Plan and it decreased $686.79 from last month to a total balance of $39,411.53. Our total 2023 contributions so far are $3,000 for our son and $3,000 for our daughter. We hit our contribution goal for the year!
Home
For our home value, we use the $528K purchase price that we paid in July 2016. Current comps in the area are ~$884K. 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 (~94K miles) that we own and it is paid off.
Credit Card Balance
All of our credit card debt is paid in full each month.
In July, we had a typical income month but also a very high expense month.
Our total income in July was $11,161.73. In addition to my wife’s regular paychecks, she received a company reimbursement for internet of $105.87. We also earned $166.74 in interest income from our savings accounts.
This month, our expenses totaled $19,646.50. Large expenses included $2,670.54 for vacations, $5,100 for home maintenance, and $597.04 for office supplies.
Next month should be a more typical income and expense month.
In July, our net worth increased $25,739.64 from last month to a total of $1,492,391.24 (see spreadsheet screenshot).
Retirement Accounts
Our retirement accounts are comprised of our 401(k)s, our Roth IRAs and our Traditional IRAs. We contributed 7% 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 $1,150.52 to her 401(k). Since I do not work, I did not contribute anything to a retirement account. The total balance of our retirement accounts increased $24,907.34 from last month to a total of $583,544.92.
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 $204,027.25, up $1,951.60 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 $4,653.65 this month to a total of $49,216.59.
College Savings Accounts
Our kids have 529 Plans through Vanguard. This month, we contributed $0 to our son’s 529 Plan and it increased $2,272.18 from last month to a total balance of $58,640.36. We contributed $0 to our daughter’s 529 Plan and it increased $1,553.72from last month to a total balance of $40,098.32 Our total 2023 contributions so far are $3,000 for our son and $3,000 for our daughter. We hit our contribution goal for the year!
Home
For our home value, we use the $528K purchase price that we paid in July 2016. Current comps in the area are ~$884K. 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 (~94K miles) that we own and it is paid off.
Credit Card Balance
All of our credit card debt is paid in full each month.
In June, we had a large income month but also an even larger expense month.
Our total income in June was $17,677.85. In addition to my wife’s regular paychecks, she received a quarterly bonus of $11,475 gross ($6,412 net) and company reimbursements for internet of $198.99. We also earned $177.74 in interest income from our savings accounts.
This month, our expenses totaled $18,846.03. Large expenses included $1,085 for vacations, $2,739 for home insurance, and $2,803 for furniture.
Next month should be a more typical income and expense month.
In June, our net worth increased $53,083.38 from last month to a total of $1,466,651.60 (see spreadsheet screenshot).
Retirement Accounts
Our retirement accounts are comprised of our 401(k)s, our Roth IRAs and our Traditional IRAs. We contributed 7% 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 $1,724.27 to her 401(k). Since I do not work, I did not contribute anything to a retirement account. The total balance of our retirement accounts increased $28,785.58 from last month to a total of $558,637.58.
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 $202,075.65, up $19,543.68 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 $557.35 this month to a total of $53,870.24
College Savings Accounts
Our kids have 529 Plans through Vanguard. This month, we contributed $0 to our son’s 529 Plan and it increased $2,667.34 from last month to a total balance of $56,368.18. We contributed $0 to our daughter’s 529 Plan and it increased $1,823.93 from last month to a total balance of $38,544.60. Our total 2023 contributions so far are $3,000 for our son and $3,000 for our daughter. We hit our contribution goal for the year!
Home
For our home value, we use the $528K purchase price that we paid in July 2016. Current comps in the area are ~$884K. 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 (~94K miles) that we own and it is paid off.
Credit Card Balance
All of our credit card debt is paid in full each month.
In May, we had a regular income month and a very high expense month.
Our total income in May was $11,140.30. In addition to my wife’s regular paychecks, she received $0 in company reimbursements for internet (she will get double next month). We also earned $109.18 in interest income from our savings accounts. We sold our 2013 ski boat this month for $65,000.
This month, our expenses totaled a whopping $20,272.47. Large expenses included $5,873 for home maintenance, $1,755 for a new purse (added to Misc bucket), and $1,569.29 for vacations.
In June, my wife should receive her quarterly bonus of ~$10,000 gross.
In May, our net worth increased $2,867.96 from last month to a total of $1,413,568.22 (see spreadsheet screenshot).
Retirement Accounts
Our retirement accounts are comprised of our 401(k)s, our Roth IRAs and our Traditional IRAs. We contributed 7% 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 $1,150.52 to her 401(k). Since I do not work, I did not contribute anything to a retirement account. The total balance of our retirement accounts increased $1,475.33 from last month to a total of $529,852.00.
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 $182,531.97, down $13,290.04 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. Thanks to selling our ski boat, our savings increased $46,599.19 this month to a total of $53,312.89
College Savings Accounts
Our kids have 529 Plans through Vanguard. This month, we contributed $1,750 to our son’s 529 Plan and it increased $2,306.18 from last month to a total balance of $53,700.84. We contributed $1,750 to our daughter’s 529 Plan and it increased $2,134.38 from last month to a total balance of $36,720.67. Our total 2023 contributions so far are $3,000 for our son and $3,000 for our daughter. We hit our goal for the year!
Home
For our home value, we use the $528K purchase price that we paid in July 2016. Current comps in the area are ~$865K. 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 (~93K miles) that we own and it is paid off. We sold our 2013 ski boat this month for $65,000.
Credit Card Balance
All of our credit card debt is paid in full each month.
In April, we had an good income month and a low expense month. We thought we were going to owe a lot of income tax but it turns out we received a $4,174 federal refund and $2,436 state refund.
Our total income in April was $11,008.46. In addition to my wife’s regular paychecks, she received $96.49 in company reimbursements for internet. We also earned $22.85 in interest income from our savings accounts.
This month, our expenses totaled $5,406.89, however, if you remove our $6,610.00 tax refund, our expenses were $12,115.08. That’s not too bad considering we usually spend a lot more. Large expenses included $2,382.25 for household items, $2,143.02 for vacation expenses, and $604.96 for clothing.
In May, we expect to have a pretty standard income and expense month.
In April, our net worth increased $26,160.46 from last month to a total of $1,410,700.25 (see spreadsheet screenshot).
Retirement Accounts
Our retirement accounts are comprised of our 401(k)s, our Roth IRAs and our Traditional IRAs. We contributed 7% 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 $1,150.52 to her 401(k). Since I do not work, I did not contribute anything to a retirement account. The total balance of our retirement accounts increased $13,855.18 from last month to a total of $528,376.67.
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 $195,822.01, up $12,270.44 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 $2,797.54 this month to a total of $6,713.71
College Savings Accounts
Our kids have 529 Plans through Vanguard. This month, we contributed $500 to our son’s 529 Plan and it increased $1,994.55 from last month to a total balance of $51,394.66. We contributed $500 to our daughter’s 529 Plan and it increased $1,502.56 from last month to a total balance of $34,586.29. Our total 2023 contributions so far are $1,250 for our son and $1,250 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 ~$840K. 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 (~93K miles) that we own and it is paid off. In addition, we own a 2013 ski boat that is paid off.
Credit Card Balance
All of our credit card debt is paid in full each month.
Our path to financial independence and retiring early.
