Overall
2017 has been a great year for our net worth. In July, our net worth increased $11,727.10 from last month to a total of $589,433.77 (see spreadsheet screenshot). We passed our $580K 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). She just started her new and her 401(k) kicked in her second check this month, resulting in a contribution of $287.50 to her 401(k). We contribute 4% to my 401(k). My company matches up to 4% of my 401(k) and deposits the match in March (100% vested when deposited). This month, I contributed $317.79 to my 401(k). The total balance of our retirement accounts increased $6,808.02 from last month to a total of $245,910.85.
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 $761.12.
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. Our cash and savings accounts increased $802.64 this month, bringing the total to $14,516.23.
College Savings Accounts
Our kids have 529 Plans through Vanguard. This month, we contributed $0 to our son’s 529 Plan and it increased $336.12 from last month to a total balance of $19,593.48. We contributed $50 to our daughter’s 529 Plan and it increased $222.70 from last month to a total balance of $10,042.01.
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 $241,259.93. We paid $2,000 extra towards principal this month.
Cars
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 $49,389.73 at 2.79%. I have a 2012 sedan with 82K miles. My company gives me a $450/month vehicle allowance and provides me with a gas card. The loan balance on my car is $10,015.98 at 1.99%.
Credit Card Balance
We do not currently have a credit card balance that is not paid in full each month.