In June, we had a great income month but also a high expense month.
Our total income this month was $17,918.88. In addition to my wife’s regular paychecks, she received a $11,475 gross ($6,380.47 net) quarterly bonus. We also received $366.51 in auto insurance refunds and $32.58 in interest income from our savings accounts.
This month, our expenses totaled $17,642.17 (just $276.71 less than our income). Large expenses included $4,478.19 in insurance costs, $1498.90 in entertainment, and $472.51 in vacation costs.
Next month my wife should be able to sell some of my wife’s company stock for ~$6,000 gross.
Overall In June, our net worth decreased $50,136.06 from last month to a total of $1,949,475.73 (see spreadsheet screenshot).
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 $1,937.43 to her 401(k). I do not work, nor contribute to a retirement account. The total balance of our retirement accounts increased $398.77 from last month to a total of $914,410.54.
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 $341,613.13, down $59,325.87 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 $4,126.25 this month to a total of $12,664.34.
College Savings Accounts Our kids have 529 Plans through Vanguard. This month, we contributed $200 to our son’s 529 Plan and it increased $2,841.00 from last month to a total balance of $74,804.58. We contributed $200 to our daughter’s 529 Plan and it increased $2,084.83 from last month to a total balance of $52,140.28. Our total 2024 contributions so far are $3,300 for our son and $3,300 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 ~$933K. 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.
In May, we had a typical income month and a slightly high expense month.
Our total income this month was $11,787.66. In addition to my wife’s regular paychecks, she received a $609.99 in company reimbursements. We also received $38.35 in interest income from our savings accounts.
This month, our expenses totaled $12,567.01, higher than I thought we would finish. Large expenses included $609.53 vacation, $888.49 in medical/dental expenses, and $998.76 for misc items (gym equipment and memberships).
Next month my wife should receive a quarterly bonus of ~$10k.
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.
In April, we had a typical income month and a reasonable expense month.
Our total income this month was $14,238.77. In addition to my wife’s regular paychecks, she received a $94.99 company reimbursement and cashed in $2,961.57 (net) of her company stock. We also received $42.89 in interest income from our savings accounts.
This month, our expenses totaled $11,061.81, a nice reduction from the past few months. Large expenses included $983.15 vacation, $428.82 in clothing, and $363.39 for entertainment.
In April, our net worth decreased $181,615.68 from last month to a total of $1,829,644.14 (see spreadsheet screenshot). Most of the decline was due to cryptocurrency investments in our retirement and brokerage accounts.
Retirement Accounts
Our retirement accounts are comprised of our 401(k)s, our Roth IRAs and our Traditional IRAs. We contributed 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). Since I do not work, I did not contribute to a retirement account. The total balance of our retirement accounts decreased $107,781.22 from last month to a total of $819,355.14.
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 $327,586.55, down $70,970.21 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 $769.56 this month to a total of $12,977.07.
College Savings Accounts
Our kids have 529 Plans through Vanguard. This month, we contributed $600 to our son’s 529 Plan and it decreased $2,098.58 from last month to a total balance of $68,073.21. We contributed $600 to our daughter’s 529 Plan and it decreased $1,268.89 from last month to a total balance of $47,304.59. Our total 2024 contributions so far are $2,800 for our son and $2,800 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 and it have paid off.
Credit Card Balance
All of our credit card debt is paid in full each month.
In March, we had a huge income month and a high expense month. My wife received a 3.71% raise (salary now $204,552) and more company stock.
Our total income this month was $25,968.88. In addition to my wife’s regular paychecks, she received a quarterly bonus of $26,285 gross ($14,679.54 net) and a $94.99 company reimbursement. We also received $55.03 in interest income from our savings accounts.
This month, our expenses totaled $15,397.75. Large expenses included $1,686.69 vacation, $2,937.79 in giving, $1,096 for ski resort season passes for next year, $1,150 for home maintenance and $843.78 for car insurance.
Next month we hope to have a much lower expense month.
In March, our net worth increased $211,262.16 from last month to a total of $2,011,279.82 (see spreadsheet screenshot).
Retirement Accounts
Our retirement accounts are comprised of our 401(k)s, our Roth IRAs and our Traditional IRAs. We contributed 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 $2,677.94 to her 401(k) and her company contributed $14,722.15 for the amount they “chip in” annually. Since I do not work, I did not contribute anything to a retirement account. The total balance of our retirement accounts increased $133,904.17 from last month to a total of $927,136.36.
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 $398,556.76, up $75,168.40.01 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 decreased $5,151.70 this month to a total of $12,207.51.
College Savings Accounts
Our kids have 529 Plans through Vanguard. This month, we contributed $2,000 to our son’s 529 Plan and it increased $4,135.99 from last month to a total balance of $70,171.79. We contributed $2,000 to our daughter’s 529 Plan and it increased $3,474.33 from last month to a total balance of $48,573.48. Our total 2024 contributions so far are $2,200 for our son and $2,200 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 ~$920K. 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 (~95K miles) that we own and it is paid off.
Credit Card Balance
All of our credit card debt is paid in full each month.
We just passed our net worth milestones of $1,950,000 to $2,010,000! Our net worth is currently $2,011,279. We passed our last net worth milestone of $1,940,000 way back in Nov 2021. We hope to reach our next milestone of $2,020,000 in a couple of months.
In February, we had a regular income month and a highish expense month.
Our total income this month was $11,206.59. In addition to my wife’s regular paychecks, she received a $205.86 company reimbursement and we received $80.49 in interest income from our savings accounts.
This month, our expenses totaled $16,263.77. Large expenses included $5,351 for vacation, $1,322.82 for dining (mostly on vacation) and $270 for clothing.
Next month my wife will receive a $26,285 (gross) quarterly bonus and a 3.71% raise! So proud of her!
Our path to financial independence and retiring early.
