Overall
In May, our net worth increased $169,947.65 from last month to a total of $1,999,611.79 (see spreadsheet screenshot). We gained back most of what we lost in April through our cryptocurrency investments in our retirement and brokerage accounts (the same accounts that caused the decline in April).
Retirement Accounts
Our retirement accounts are comprised of our 401(k)s, our Roth IRAs and our Traditional IRAs. We contribute 8% (increases 1% automatically in March every year) to my wife’s 401(k) and her company matched 4% and chips in an additional 6% at the end of the year. This month, she contributed $1,363.68 to her 401(k). The total balance of our retirement accounts increased $94,656.63 from last month to a total of $914,011.77
Brokerage Account
Currently, our brokerage accounts consist of stocks and cryptocurrency (I prefer to track crypto in the “Brokerage Accounts” column rather than “Cash & Savings Accounts”). The total current value of our brokerage accounts is $400,939.00, up $73,352.45 from last month.
Cash & Savings Account
Cash and savings accounts consist 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 decreased $4,438.98 this month to a total of $8,538.09.
College Savings Accounts
Our kids have 529 Plans through Vanguard. This month, we contributed $300 to our son’s 529 Plan and it increased $3,890.37 from last month to a total balance of $71,963.58. We contributed $300 to our daughter’s 529 Plan and it increased $2,750.86 from last month to a total balance of $50,055.45. Our total 2024 contributions so far are $3,100 for our son and $3,100 for our daughter.
Home
For our home value, we use the $528K purchase price that we paid in July 2016. Current comps in the area are ~$925K. We paid off our home in September 2021.
Vehicles
My wife drives a company vehicle and has a company gas card. I drive a 2017 SUV (~100K miles on odometer) that we own (no car loan).
Credit Card Balance
All of our credit card debt is paid in full each month.