Overall
February kicked butt! Our net worth increased $15,692.06 from last month to a total of $706,173 (spreadsheet screenshot). It was nice to pass $700K net worth again since we tippy toed by it in September 2018 but dropped back down.
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 in March). This month, we contributed $790.95 to her 401(k). We contribute 7% to my 401(k) and my company matches up to 4% and deposits the match in March (100% vested when deposited). This month, we contributed $356.74 to my 401(k). The total balance of our retirement accounts increased $13,066.78 from last month to a total of $309,363.80.
Brokerage Account
Currently, our brokerage account consists of a handful of stocks and some cryptocurrency (I prefer to track crypto in the “brokerage account” field rather than “Cash & Savings Accounts”. The total current value is $6,530.23, up $820.73 from last month.
Cash & Savings Accounts
Cash and savings accounts consists of a small sum of cash at home and 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 Car 1 ($6,300) and some of my wife’s company stock ($2,343), we were able to reinject our savings account with some life! Our cash and savings accounts increased $3,918.63 this month, bringing the total to $13,752.17.
College Savings Accounts
Our kids have 529 Plans through Vanguard. This month, we contributed $200 to our son’s 529 Plan and it increased $1,223.46 from last month to a total balance of $24,624.26. We contributed $200 to our daughter’s 529 Plan and it increased $758.42 from last month to a total balance of $13,437.17.
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 $210,136.01. We paid $300 extra towards our home mortgage principal this month.
Vehicles
My wife’s 2017 SUV has 45,000 miles. Her company gives her $300/month auto allowance and $0.53/mile reimbursement. The loan balance on my wife’s car is $38,002.36 at 2.79%. My company just provided me with a new company car and gas card so I sold my 2012 sedan. We also have a ski boat with a loan balance of $51,169.62 at 5.24%. We paid $100 extra towards our boat loan principal this month.
Credit Card Balance
All of our credit card debt is paid in full each month.