Overall
June was another great month. Our net worth increased $12,043.24 from last month to a total of $577,606.67 (see spreadsheet screenshot). We passed our $570K net worth milestones this month.
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 100% vested when deposited). This month, my wife contributed $507.50 to her 401(k) and her company deposited another $1,015.00 into her 401(k) for her 5% match and 5% extra “chip in”. We contribute 4% to my 401(k). My company matches up to 4% of my 401(k) and deposits the match around March (100% vested when deposited). This month, I contributed $269.36 to my 401(k). The total balance of our retirement accounts increased $3,999.07 from last month to a total of $239,102.83.
Brokerage Account
Currently, our brokerage account consists of two stocks and a small cash balance. The total current value of the stocks and cash is $491.40.
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. Due to the purchase of a new vehicle, our cash and savings accounts decreased $3,595.63 this month, bringing the total to $13,713.59.
College Savings Accounts
Our kids have 529 Plans through Vanguard. This month, we contributed $0 to our son’s 529 Plan and it increased $190.47 from last month to a total balance of $19,257.36. We contributed $50 to our daughter’s 529 Plan and it increased $97.33 from last month to a total balance of $9,819.31.
Home
We use the $528K purchase price that we paid in July 2016 for our home value. Current comps in the area are ~$530K. The current balance of our 15-year, 2.85% mortgage loan is $244,461.01. We paid $200 extra towards principal this month.
Cars
My wife started a new job this month and had to turn in her old company car. For her new job, we purchased a full-size SUV that will be paid for by her auto allowance and used to tow our future boat. My wife’s 2017 SUV has 7,000 miles. Her new company gives her $300/month and $0.53/mile reimbursement. The loan balance on my wife’s car is $50,011.47 at 2.79%. I have a 2012 sedan with 78K miles. My company gives me a $450/month vehicle allowance and provides me with a gas card. The loan balance on my car is $10,201.02 at 1.99%.
Credit Card Balance
We do not currently have a credit card balance that is not paid in full each month.