In December, we had an amazing income month and a kinda high expense month.
This month, our total net income was $22,008.86. In addition to my wife’s regular paychecks, she received a $13,025 gross ($8,054.29 net) quarterly bonus, $94.99 in company reimbursements and she sold $1,011.59 of company stock. We also earned $16.69 in interest income from our savings account.
This month, our expenses totaled $15,651.01. Large, non-fixed expenses included $2,853.73 for giving, $814.30 for medical/prescriptions and $573.40for clothing.
Next month should be a pretty typical month other than $685 due for our term life insurance.
December was a pretty neutral month our net worth. Our net worth increased $9,218.10 from last month to a total of $2,388,327.97 (see spreadsheet screenshot).
Retirement Accounts
Our retirement accounts are comprised of our 401(k)s, our Roth IRAs and our Traditional IRAs. My Wife contributes 7% (just went up 1% this month) to her 401(k) and her company matches 4% and chips in an additional 6% at the end of the year. Her 401(k) contribution increases by 1% automatically in March every year. This month, she contributed $1,932.61 to her 401(k). I do not work and do not contribute to a retirement account any longer. The total balance of our retirement accounts decreased $9,167.38 from last month to a total of $1,196,919.70.
Brokerage Account
Currently, our brokerage accounts consist of stocks and cryptocurrency (I prefer to track crypto in the “Brokerage Accounts” field rather than “Cash & Savings Accounts”). The total current value of our brokerage accounts is $456,325.40, up $12,341.01 from last month.
Cash & Savings Account
Cash and savings accounts consist of a small sum of cash at home, 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 $4,537.35 this month to a total of $10,354.05.
College Savings Accounts
Our kids have 529 Plans through Vanguard. This month, we contributed $182 to our son’s 529 Plan and it increased $976.48 from last month to a total balance of $101,977.59. We contributed $182 to our daughter’s 529 Plan and it increased $750.68 from last month to a total balance of $72,967.17. We hit our goal of contributing $4,500 to our son’s 529 plan and $4,500 to our daughter’s 529 plan!
Home
For our home value, we use the $528K purchase price that we paid in July 2016. Current comps in the area are ~$900K. 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 (~110K miles on odometer) that we own (no auto loan).
Credit Card Balance
All of our credit card debt is paid in full each month.
In November, we had a standard income and expense month.
This month, our total net income was $12,967.16. In addition to my wife’s regular paychecks, she received $119.99 in company reimbursements. We also earned $15.87 in interest income from our savings account.
This month, our expenses totaled $13,532.45. Large, non-fixed expenses included $936.87 for insurance, $877.25 for medical/prescriptions and $548.65 for vacation.
Next month my wife will receive her quarterly bonus.
November was a rough month for our net worth. Our net worth decreased $271,721.93 from last month to a total of $2,379,109.87 (see spreadsheet screenshot).
Retirement Accounts
Our retirement accounts are comprised of our 401(k)s, our Roth IRAs and our Traditional IRAs. My Wife contributes 7% (just went up 1% this month) to her 401(k) and her company matches 4% and chips in an additional 6% at the end of the year. Her 401(k) contribution increases by 1% automatically in March every year. This month, she contributed $1,281.36 to her 401(k). I do not work and do not contribute to a retirement account any longer. The total balance of our retirement accounts decreased $137,638.87 from last month to a total of $1,206,087.08.
Brokerage Account
Currently, our brokerage accounts consist of stocks and cryptocurrency (I prefer to track crypto in the “Brokerage Accounts” field rather than “Cash & Savings Accounts”). The total current value of our brokerage accounts is $443,984.39, down $133,340.22 from last month.
Cash & Savings Account
Cash and savings accounts consist of a small sum of cash at home, 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 $1,263.47 this month to a total of $5,816.70.
College Savings Accounts
Our kids have 529 Plans through Vanguard. This month, we contributed $165 to our son’s 529 Plan and it increased $405.58 from last month to a total balance of $101,001.11. We contributed $165 to our daughter’s 529 Plan and it increased $337.31 from last month to a total balance of $72,216.49. Our total 2025 contributions so far are $4,318 for our son and $4,318 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 ~$905K. 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 (~110K miles on odometer) that we own (no auto loan).
Credit Card Balance
All of our credit card debt is paid in full each month.
In October, we had a standard income month and expense month.
This month, our total net income was $12,980.45. In addition to my wife’s regular paychecks, she received $124.99 in company reimbursements. We also earned $24.16 in interest income from our savings account.
This month, our expenses totaled $12,819.63. Large, non-fixed expenses included $896.61 for dentist visits and $600 for home maintenance.
Next month we have our auto insurance due and will be taking a family vacation, so expenses will be higher than usual.
October was not a great month for our net worth. Our net worth decreased $88,412.31 from last month to a total of $2,650,831.80 (see spreadsheet screenshot).
Retirement Accounts
Our retirement accounts are comprised of our 401(k)s, our Roth IRAs and our Traditional IRAs. My Wife contributes 7% (just went up 1% this month) to her 401(k) and her company matches 4% and chips in an additional 6% at the end of the year. Her 401(k) increases 1% automatically in March every year. This month, she contributed $1,281.36 to her 401(k). I do not work and do not contribute to a retirement account any longer. The total balance of our retirement accounts decreased $47,942.02 from last month to a total of $1,343,725.95.
Brokerage Account
Currently, our brokerage accounts consist of stocks and cryptocurrency (I prefer to track crypto in the “Brokerage Accounts” field rather than “Cash & Savings Accounts”). The total current value of our brokerage accounts is $577,324.61, down $41,326.29 from last month.
Cash & Savings Account
Cash and savings accounts consist of a small sum of cash at home, 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 $2,846.18.08 this month to a total of $7,080.17.
College Savings Accounts
Our kids have 529 Plans through Vanguard. This month, we contributed $165 to our son’s 529 Plan and it increased $2,290.23 from last month to a total balance of $100,595.53. We contributed $165 to our daughter’s 529 Plan and it increased $1,636.46 from last month to a total balance of $71,879.18. Our total 2025 contributions so far are $4,153 for our son and $4,153 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 ~$911K. 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 (~110K miles on odometer) that we own (no auto loan).
Credit Card Balance
All of our credit card debt is paid in full each month.
We just passed our net worth milestones of $2,820,000 and 2,830,000! Our net worth is currently $2,837,855. We passed our last net worth milestone of $2,810,000 a couple of days ago. We hope to reach our next milestone of $2,840,000 by next month (or maybe in a few days at this pace lol). I will update our net worth goal tracker (upper right-hand corner of our website) at the end of the month.
We just passed our net worth milestones of $2,800,000 and 2,810,000! Our net worth is currently $2,812,488.53. We passed our last net worth milestone of $2,790,000 yesterday. We hope to reach our next milestone of $2,820,000 by next month. I will update our net worth goal tracker (upper right-hand corner of our website) at the end of the month.
We just passed our net worth milestones of $2,760,000 and 2,790,000! Our net worth is currently $2,791,754.78. We passed our last net worth milestone of $2,750,000 in July. We hope to reach our next milestone of $2,800,000 by next month. I will update our net worth goal tracker (upper right-hand corner of our website) at the end of the month.
In September, we had an incredible income month and a high expense month.
This month, our total net income was $27,192.38. In addition to my wife’s regular paychecks, she received a quarterly bonus of $22,825 gross ($14,140.26 net) and $214.98 in company reimbursements. We also earned $17.42 in interest income from our savings account.
This month, our expenses totaled $21,395.11. Large, non-fixed expenses included $2,494.36 for vacation, $1,576.86 for home maintenance, and $691.97 for clothing.
Next month should be a pretty typical month in terms of income and expenses.
Our path to financial independence and retiring early.
