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 5% on top of the match (it is 100% vested when deposited).  My company matches up to $1,000 per year (vested over five years).  This month, we contributed $0 to my wife’s 401(k) (she hasn’t received her 1^st paycheck yet) and $641.47 to my 401(k).  We saw the total balance of our retirement accounts increased $2,997.60 from last month to a total of $157,789.72.

Brokerage Account

Currently, our brokerage account consists of one stock (my wife’s old company) that went down $79.23 this month.  Our balance is $400.17 on a $2,000.00 in initial investment.

Cash & Savings Accounts

Cash and savings accounts consists of a small sum of cash at home and our online savings account balance. It does not include our checking account balance that we use to pay our bills each month.  This month our cash and savings accounts decreased $6,039.48, bringing the total to $10,285.44.

College Savings Accounts

Our kids have 529 Plans through Vanguard.  This month, we contributed $100 to our son’s 529 Plan and it increased $584.74 from last month to a total balance of $13,253.74.  We contributed $0 to our daughter’s 529 Plan and it decreased $123.73 over last month to a total balance of $5,693.98.

Home

We use the $489K purchase price that we paid in January 2012 for our home value.  Current comps in the area are ~$675K.  The current balance on our mortgage loan is $356,084.60.  We paid an extra $150 towards principal this month.

Cars

“Car 1” is a 2011 SUV with ~75K miles and “Car 2” is a 2012 SUV with ~75Kmiles.  When calculating our net worth, we depreciate the vehicles 1% per month.  “Car 1” has a current loan balance of $20,898.73 and Car 2 has a current loan balance of $26,246.42.  I receive $230.13/month as a fixed car reimbursement and $0.22 per mile as a variable reimbursement (to help cover gas, wear and tear, etc.).

Credit Card Balance

We do not currently have a credit card balance that is not paid in full each month.