In February, we had a standard income month and a reasonable expense month.  

Our total income in January was $11,290.76.  In addition to my wife’s regular paychecks, she received $596.99 in company reimbursements for internet and her gym membership.  We also earned $27.50 in interest income from our savings accounts.

This month, our expenses totaled $9,687.32.  Large expenses included $999.46 for entertainment, $1,290 for gym memberships (wife’s company reimburse $500), and $560 for vacation.

In March, my wife receives a 3.81% raise ($7,232 raise) and 26,600 shares of company stock LTI of company stock that vests over 4 years.

  

In November, we had a slightly lower income month due to me quitting my job at the end of October.  Thankfully, we also had a lower expense month. 

Our total income in November was $15,784.06.  In addition to my wife’s regular paychecks, she received $251.96 in company reimbursements and $10,000 gross ($5,832.24net) quarterly bonus.  I received $1,800 in unemployment in November.  Plus, we earned $17.80 in interest income from our savings accounts.

This month, our expenses totaled $9,962.78.  This was a huge improvement over our typical monthly spending.  We had little in the way of large, non-recurring expenses.  We spent $464 for clothing and $269 on personal care items (haircuts, etc).

Next month, we need to lower our expenses a bit more because my wife won’t have any additional bonuses until next quarter.

Overall

November was my first full month jobless after quitting on 10/27/20.  That didn’t slow us down though and our net worth increased an amazing $83,114.57 from last month to a total of $1,143,172.83 (see spreadsheet screenshot).   This was our 3^rd largest one month net worth increase ever (1^st was June 2016 and 2^nd was July 2020).

Retirement Accounts

Our retirement accounts are comprised of our 401(k)s, our Roth IRAs and our Traditional IRAs.  We contribute 7% 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.  In fact, I withdrew $32,888.93 gross ($23,722.46 net) from my 401(k) under C.A.R.E.S. Act and invested the money in cryptocurrencies. The total balance of our retirement accounts increased $10,292.47 from last month to a total of $480,517.83. 

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”).  Our cryptocurrencies have been on a tear lately due to contributions and market activity.  The $23,722.45 that I pulled from my old 401(k) to by cryptocurrencies this month is already up $4,600, or 19.38%, in one month.  The total current value is $161,881.88, up $69,868.51 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 decreased $2,564.79 this month to a total of $37,026.00.

College Savings Accounts

Our kids have 529 Plans through Vanguard.  This month, we contributed $0 to our son’s 529 Plan and it increased $2,805.57 from last month to a total balance of $36,329.  We contributed $0 to our daughter’s 529 Plan and it increased $1,725.27 from last month to a total balance of $22,340.

Home

We use the $528K purchase price that we paid in July 2016 for our home value.  Current comps in the area are ~$675K.  The current balance of our 15-year, 2.875% mortgage loan is $168,975.89.  We paid $0 extra towards our home mortgage principal this month.

Vehicles

My wife drives a company vehicle and has a company gas card.  I drive a 2017 SUV (~80K miles) that we own.  In addition, we have a ski boat with a loan balance of $42,833.23 at 5.24%.  We paid $0 extra to our boat loan this month.

Credit Card Balance

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

We passed our net worth milestones of $1,070,000 this month. Our net worth is currently $1,072,554. We passed our last net worth milestone of $1,060,000 earlier this month. We hope to reach out next milestone of $1,080,000 in November.

August keeps getting better! We passed our net worth milestones of $1,030,000. Our net worth is currently $1,032,446. We passed our last net worth milestone of $1,020,000 earlier this month. We hope to reach out next milestone of $1,040,000 in September.

February was an amazing income month and our expense were pretty reasonable (see spreadsheet screenshot).

Our total income in February was $22,966.71.  In addition to our regular paychecks, I received a monthly bonus of $1,041.67 gross ($721.89 net) and a $450 auto allowance.  My wife also received a $1,342.96 auto allowance / mileage reimbursement, $44.99 in reimbursements and sold $2,343.60 of her company stock.  We earned $6.31 in interest income from our savings accounts. We also sold Car 1 for $6,300 (I got a company car).

This month, our expenses totaled $16,493.20.  Big ticket items include $4,542.97 to pay off Car 1 before we sold it, $960 to pay for part of our vacation in mid-March and $303 for doctor visits/prescriptions. We also had to pay $4,203 for our Federal taxes but received a $5,366 State refund, which more than offset it.

Next month, my wife should receive a large quarterly bonus but we also have a big vacation that will cost a bunch.

August was a good income month and a pretty terrible expense month (see spreadsheet screenshot).

Our total income in August was $13,804.42.  In addition to our regular paychecks, I also received a monthly bonus of monthly bonus $1,833.33 gross ($1,071.87 net) and my wife received gift cards from her company worth $350.  My wife also received a $1,004.42 auto allowance / mileage reimbursement and I received a $450 auto allowance. We earned $4.17 in interest income from our savings accounts.

This month, our expenses totaled $15,254.81.  Big ticket items include $814.42 boat property tax bill, $343 in clothing, and $274 in professional cleaning for our couch.

Next month, my wife should receive her quarterly bonus but we also have the costs of a birthday party to throw for our son and a $609 vehicle registration bill to pay.

 

Overall

August was good month for our net worth.  It increased $7,548.32 from last month to a total of $691,616.71 (see spreadsheet screenshot). Our retirement accounts passed $300K this month.  Such a blessing!

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 $700.72 to her 401(k).  We contribute 6% 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 $340 to my 401(k).  The total balance of our retirement accounts increased $5,913.82 from last month to a total of $305,079.29.

Brokerage Account

Currently, our brokerage account consists of four stocks and some cryptocurrency (I prefer to track crypto in the “brokerage account” field rather than “Cash & Savings Accounts”.  The total current value is $5,711.01, down $798.95 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.  Our cash and savings accounts increased $604.55 this month, bringing the total to $8,012.53.

College Savings Accounts

Our kids have 529 Plans through Vanguard.  This month, we contributed $0 to our son’s 529 Plan and it increased $479.98 from last month to a total balance of $24,710.93.  We contributed $0 to our daughter’s 529 Plan and it increased $258.06 from last month to a total balance of $13,262.97.

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 $220,656.51.  We paid $200 extra towards principal this month.

Vehicles

My wife’s 2017 SUV has 35,000 miles.  Her company gives her $300/month auto allowance and $0.53/mile reimbursement. The loan balance on my wife’s car is $41,651.72 at 2.79%. I have a 2012 sedan with 120K miles.  My company gives me a $450/month vehicle allowance and provides me with a gas card.  The loan balance on my car is $5,525.07 at 1.99%.  We also have a ski boat with a loan balance of $52,450.63 at 5.24%.

Credit Card Balance

We do not currently have a credit card balance that is not paid in full each month.