Net Worth

March 2021 Net Worth Update (+$99,004.23)

Overall

March was another great net worth month.  Our net worth increased $99,004.23 from last month to a total of $1,659,202.37 (see spreadsheet screenshot).  We passed net worth milestones of $1,600K – $1,670K this month but it dipped down a bit before the end of the month. 

Retirement Accounts

Our retirement accounts are comprised of our 401(k)s, our Roth IRAs and our Traditional IRAs.  We contribute 6% to my wife’s 401(k).  My wife’s company matches up to 6% of her 401(K) contribution and chips in an additional 3% on top of the match at the end of the year (vests over 5 years).  This month, we contributed $761.54 to her 401(k).  Since I am unemployed, I did not contribute anything to my retirement accounts.  The total balance of our retirement accounts increased $10,945.28 from last month to a total of $544,523.28.

Brokerage Account

Currently, our brokerage account consists of stocks and cryptocurrency (I prefer to track crypto in the “Brokerage Accounts” field rather than “Cash & Savings Accounts”).  The total current value is $593,013.10, up $76,000.84 from last month.  

Cash & Savings Account

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.  Our savings increased $8,992.37 this month to a total of $489,100.73.

College Savings Accounts

Our kids have 529 Plans through Vanguard.  This month, we contributed $0 to our son’s 529 Plan and it increased $1,798.74 from last month to a total balance of $42,652.86.  We contributed $0 to our daughter’s 529 Plan and it increased $1,141.32 from last month to a total balance of $27,053.32. We completed our 2021 529 Plan deposits in Feb by contributing $2K to each of our kid’s plans.

Home

For our home value, we use the $528K purchase price that we paid in July 2016.  Current comps in the area are ~$710K.  The current balance of our 15-year, 2.375% mortgage loan is $210,525.65.  We paid $0 extra to principal this month.

Vehicles

My wife drives a company vehicle and has a company gas card.  I drive a 2017 SUV (~85K miles) that we own.  In addition, we own a 2013 ski boat.

Credit Card Balance

All of our credit card debt is paid in full each month.