In April, we had a larger than normal income month and a huge expense month.
Our total income in April was $15,055.41. In addition to my wife’s regular paychecks, she received a third “extra” paycheck. I received $2,820.00 in unemployment (includes extra $300/week extra stimulus money). My wife received $240.71 in company reimbursements (two months of internet). We earned $13.93 in interest income from our savings accounts.
This month, our expenses totaled $17,803.33. Large, non-recurring expenses included $2,709 for vacations, $3,044 for a new refrigerator, and $2,363 for household items.
Next month, my wife will receive her quarterly bonus.
April was a good net worth month. Our net worth increased $18,299.72 from last month to a total of $1,677,502.09 (see spreadsheet screenshot). During the month, we passed our net worth milestones of $1,680K – $1,710K but our net worth sharply declined at the end of the month, erasing that progress. The volatility of our cryptocurrencies is to blame ?
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) (just had the 1% annual contribution increase kick in). 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 $836.32 to her 401(k) and her company deposited her annual match of $4,162.50. Since I am unemployed, I did not contribute anything to my retirement accounts. The total balance of our retirement accounts increased $27,268.84 from last month to a total of $571,792.12.
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 $585,452.91 down $7,560.19 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 $6,056.31 this month to a total of $43,044.02. We pulled money out to prepay for a couple of vacations and buy $3K worth of stock.
College Savings Accounts
Our kids have 529 Plans through Vanguard. This month, we contributed $0 to our son’s 529 Plan and it increased $2,576.16 from last month to a total balance of $45,229.02. We contributed $0 to our daughter’s 529 Plan and it increased $1,633.98 from last month to a total balance of $28,687.30. We completed our 2021 529 Plan deposit goals 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 $209,234.56. We paid $300 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.
We just passed our net worth milestones of $1,690,000 to $1,720,000! Our net worth is currently $1,722,996. We passed our last net worth milestone of $1,680,000 a few days ago. Thank God, our cyptocurrenies have been increasing our net worth dramatically the past few months. We hope to reach our next milestone of $1,730,000 later this month.
We just passed our net worth milestone of $1,680,000! Our net worth is currently $1,682,752. We passed our last net worth milestone of $1,670,000 a few days ago. We hope to reach our next milestone of $1,690,000 later this month.
In March, we had an regular income month and a huge expense month.
Our total income in March was $10,683.14. In addition to my wife’s regular paychecks, I received $1,910 in unemployment (includes extra $300/week extra stimulus money). She received $0 in company reimbursements. We earned $12.76 in interest income from our savings accounts.
This month, our expenses totaled $24,154.01. Large, non-recurring expenses included $6,577 for vacation, $1,725 for half of estate plan, and $378 for clothing.
Next month, my wife will receive an “extra” third paycheck and I will receive an “extra” third unemployment check.
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.
We just passed our net worth milestones of $1,660,000 to $1,670,000! Our net worth is currently $1,671,223. We passed our last net worth milestone of$1,650,000 a few days ago. We hope to reach our next milestone of $1,680,000 later this month.
We just passed our net worth milestones of $1,640,000 to $1,650,000! Our net worth is currently $1,656,099. We passed our last net worth milestone of $1,630,000 a few days ago. We hope to reach our next milestone of $1,660,000 later this month.
We just passed our net worth milestone of $1,630,000! Our net worth is currently $1,631,396. We passed our last net worth milestone of $1,620,000 a few days ago. We hope to reach our next milestone of $1,640,000 later this month.
We just passed our net worth milestones of $1,600,000 to $1,620,000! Our net worth is currently $1,623,661. We passed our last net worth milestone of $1,590,000 in Feb. We hope to reach our next milestone of $1,630,000 later this month.
Our path to financial independence and retiring early.
