In November we had an average income month and an above average expense month.
Our total income this month was $12,507.99. In addition to my wife’s regular paychecks, she received $94.99 in company reimbursements. We also earned $51.56 in interest income from our savings accounts.
This month, our expenses totaled $17,578.72. Large expenses included $4,204 for dinning/groceries (holiday), $4,187 for household items, $1,141 for medical/prescriptions, and $1,082 for clothing.
Next month my wife should receive a quarterly bonus of $11,475 gross.
In November, our net worth increased $351,622.17 from last month to a total of $2,450,469.07 (see spreadsheet screenshot). We passed our net worth milestones of $2,100K to $2,450K this month! The huge gains were mainly due to our cryptocurrency holdings. Amazing blessing!
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 increased $183,147.76 from last month to a total of $1,153,725.26. We hold some bitcoin ETFs in our retirement accounts and those had great gains this month.
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 $593,380.30, up $179,259.79 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 $14,772.39 this month to a total of $9,458.88.
College Savings Accounts
Our kids have 529 Plans through Vanguard. This month, we contributed $0 to our son’s 529 Plan and it increased $2,493.03 from last month to a total balance of $82,995.96. We contributed $0 to our daughter’s 529 Plan and it increased $1,744.73 from last month to a total balance of $58,084.12. 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) for 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 ~$909K. 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.
We just passed our net worth milestones of $2,410,000 to $2,450,000! Our net worth is currently $2,450,417.51. We passed our last net worth milestone of $2,400,000 a couple of days ago. We hope to reach our next milestone of $2,460,000 in a few days.
We just passed our net worth milestones of $2,360,000 to $2,400,000! Our net worth is currently $2,407,033.60. We passed our last net worth milestone of $2,350,000 earlier this month. We hope to reach our next milestone of $2,410,000 in a few days.
We just passed our net worth milestones of $2,190,000 to $2,350,000! Our net worth is currently $2,352,443.13. We passed our last net worth milestone of $2,180,000 yesterday. We hope to reach our next milestone of $2,360,000 in a few days.
We just passed our net worth milestones of $2,170,000 to $2,180,000! Our net worth is currently $2,188,676.09. We passed our last net worth milestone of $2,160,000 a few days ago. We hope to reach our next milestone of $2,190,000 in a few weeks.
We just passed our net worth milestones of $2,150,000 to $2,160,000! Our net worth is currently $2,168,403.18. We passed our last net worth milestone of $2,140,000 a few days ago. We hope to reach our next milestone of $2,170,000 in any moment.
We just passed our net worth milestones of $2,100,000 to $2,140,000! Our net worth is currently $2,142,586.65. We passed our last net worth milestone of $2,090,000 last month. We hope to reach our next milestone of $2,150,000 in a few weeks.
In October we had an average income month and an average expense month.
Our total income this month was $12,543.45. In addition to my wife’s regular paychecks, she received $109.99 in company reimbursements. We also earned $72.02 in interest income from our savings accounts.
This month, our expenses totaled $12,641.42. Large expenses included $545.19 for clothing, $459.46 for vacation, and $382.38 for pet care.
Next month should be another relatively typical income and expense month.
In October, our net worth increased $80,071.87 from last month to a total of $2,098,846.90 (see spreadsheet screenshot). We passed our net worth milestones of $2,030K to $2,090K this month! Such a blessing.
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 increased $45,960.81 from last month to a total of $970,577.50.
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 $414,120.51, up $38,969.09 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 $298.69 this month to a total of $24,231.27.
College Savings Accounts
Our kids have 529 Plans through Vanguard. This month, we contributed $0 to our son’s 529 Plan and it increased $1,233.39 from last month to a total balance of $80,502.93. We contributed $0 to our daughter’s 529 Plan and it increased $863.18 from last month to a total balance of $56,339.39. 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.
Our path to financial independence and retiring early.