In September, we were blessed with an incredible income
month and a higher than expected expense month (see spreadsheet screenshot).
Our total income in September was $23,057.55. In addition to our regular paychecks, I
received a monthly bonus of $1,950 gross ($1,084.39 net) and my wife received a
quarterly bonus $15,000 gross ($9,664.54 net). My wife also received $848.14 in
auto allowance / mileage reimbursements and $46.99 in internet reimbursements. We earned $2.81 in interest income from our
savings accounts.
This month, our expenses totaled $16,131.03. Honestly, we thought we did better and were
surprised to see such a large figure. Big
ticket items include $1,107 in doctor bills and prescriptions,$575 in car registration,
and $1,800 in tithes.
Next month, we will probably have a more standard income and expense month.
September was an amazing month
for our net worth. Our net worth increased
$13,869.49 from last month to a total of $766,768.63 (spreadsheet screenshot). The main reason for the solid month was my
wife’s quarterly bonus of $15,000 gross ($9,664.54 net).
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 5% of her 401(K) contribution (100% vested when
deposited) and chips in an additional 5% on top of the match in March (vests
over 3 years). This month, we contributed $1,597.84 to her 401(k). We contribute 10% 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 $579.62 to my
401(k). The total balance of our
retirement accounts increased $7,278.88 from last month to a total of $347,886.85.
Brokerage Account
Currently, our brokerage account consists of a handful of stocks
and cryptocurrency (I prefer to track crypto in the “Brokerage Accounts” field
rather than “Cash & Savings Accounts”).
The total current value is $15,862.78, down $934.26 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 5,002.81 this month, to
a total of $7,395.99.
College Savings
Accounts
Our kids have 529 Plans through Vanguard. This month, we contributed $100 to our son’s 529
Plan and it increased $468.41 from last month to a total balance of $27,816.71. We contributed $0 to our daughter’s 529 Plan and
it increased $219.34 from last month to a total balance of $16,428.01.
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 $196,425.90.
We paid $660 extra towards our home mortgage principal this month.
Vehicles
My company provides me a vehicle and gas card. My wife has a 2017 SUV with 70,000
miles. Her company gives her $300/month
auto allowance and $0.53/mile reimbursement. The loan balance on my wife’s car is
$33,585.80 at 2.79%. We paid $100 extra towards our auto loan principal this
month. We also have a ski boat
with a loan balance of $48,926.74 at 5.24%.
Credit Card Balance
All of our credit card debt is paid in full each month.
In August, we were blessed with a good income month and a low expense compared to what we usually average (see spreadsheet screenshot).
Our total income in August was $12,751.80. In addition to our regular paychecks, I received a monthly bonus of $1,950 gross ($1,084.40 net) and my received $549.55 in auto allowance / mileage reimbursements and $44.99 in internet reimbursements. We earned $0.01 in interest income from our savings accounts.
This month, our expenses totaled $12,465.59. It’s such a blessing to have spent so much less two months in a row! Big ticket items include $834 in boat property tax and $951 in household items.
Next month, my wife should receive a large quarterly bonus that we hope to put into savings.
August was a rough month for our net worth. Our net worth decreased $8,254.49 from last month to a total of $752,899.14 (spreadsheet screenshot).
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 5% of her 401(K) contribution (100% vested when
deposited) and chips in an additional 5% on top of the match in March (vests
over 3 years). This month, we contributed $847.84 to her 401(k). We contribute 10% 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 $579.62 to my
401(k). The total balance of our
retirement accounts decreased $7,560.81 from last month to a total of $340,607.97.
Brokerage Account
Currently, our brokerage account consists of a handful of stocks
and cryptocurrency (I prefer to track crypto in the “Brokerage Accounts” field
rather than “Cash & Savings Accounts”).
The total current value is $16,797.04, down $1,508.06 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 this month, to a total of
$2,393.18.
College Savings
Accounts
Our kids have 529 Plans through Vanguard. This month, we contributed $0 to our son’s 529
Plan and it decreased $802.74 from last month to a total balance of $27,348.30. We contributed $0 to our daughter’s 529 Plan and
it decreased $476.50 from last month to a total balance of $16,208.67.
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 $198,397.34.
Our balance is finally below $200,000!
We paid $660 extra towards our home mortgage principal this month.
Vehicles
My company provides me a vehicle and gas card. My wife has a 2017 SUV with 65,000
miles. Her company gives her $300/month
auto allowance and $0.53/mile reimbursement. The loan balance on my wife’s car is
$34,277.47 at 2.79%. We also have a ski boat with a loan balance of $49,131.44 at
5.24%. We paid $0 extra towards our boat loan
principal this month.
Credit Card Balance
All of our credit card debt is paid in full each month.
July was a good income month and a very low expense (see
spreadsheet screenshot).
Our total income in July was $15,757.70. In addition to our regular paychecks, I
received a monthly bonus of $3333.33 gross ($1,853.35 net) and my wife received
a discretionary bonus of $500 gross ($331.12 net). My wife received $1,763.04 in auto allowance
/ mileage reimbursements and $44.99 in internet reimbursements. We earned $0.01 in interest income from our
savings accounts.
This month, our expenses totaled $12,494.20. A much more reasonable amount compared to the
last couple of months! Big ticket items
include $252.45 in entertainment, $400 in house maintenance and $305 in eye doctor
visits/contacts.
Next month, we hope to keep our expenses down, especially since it will be a lower income month.
July was a great month for our net worth. Our net worth increased $7,207.62 from last month to a total of $761,153.63 (spreadsheet screenshot).
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 5% of her 401(K) contribution (100% vested when
deposited) and chips in an additional 5% on top of the match in March (vests
over 3 years). This month, we contributed $847.84 to her 401(k). We contribute 10% 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 $717.95 to my
401(k). The total balance of our
retirement accounts increased $9,101.87 from last month to a total of $348,168.78.
Brokerage Account
Currently, our brokerage account consists of a handful of stocks
and cryptocurrency (I prefer to track crypto in the “Brokerage Accounts” field
rather than “Cash & Savings Accounts”).
The total current value is $18,305.10, down $2,175.33 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 dropped this month, to a total of $2,193.17.
College Savings
Accounts
Our kids have 529 Plans through Vanguard. This month, we contributed $0 to our son’s 529
Plan and it increased $637.10 from last month to a total balance of $28,151.04. We contributed $0 to our daughter’s 529 Plan and
it increased $378.18 from last month to a total balance of $16,685.17.
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 $200,364.07.
We paid $300 extra towards our home mortgage principal this month.
Vehicles
My company provides me a vehicle and gas card. My wife has a 2017 SUV with 60,000
miles. Her company gives her $300/month
auto allowance and $0.53/mile reimbursement. The loan balance on my wife’s car is
$34,909.81 at 2.79%. We also have a ski boat with a loan balance of $49,469.92 at
5.24%. We paid $0 extra towards our boat loan
principal this month.
Credit Card Balance
All of our credit card debt is paid in full each month.
fffffffffffffff
We passed our net worth milestones of $760K this month. We passed our last net worth milestone of $750K last month. We hope to reach out next milestone of $70K by August.
June was a good income month, however, our expenses were almost
as bad as last month (see spreadsheet screenshot).
Our total income in June was $19,165.79. In addition to our regular paychecks, I
received a monthly bonus of $1,458.33 gross ($810.96 net) and my wife received
a quarterly bonus of $10,750 gross ($5,966.93 Net). My wife received $1,127.98 in auto allowance
/ mileage reimbursements and $44.99 in internet reimbursements. We earned $0.76 in interest income from our
savings accounts.
This month, our expenses totaled $19,268.10. Not good!
Big ticket items include $1,440 purse, $1,786 home insurance for year,
and $904 in doctor visits and prescriptions.
Next month we hope to get our spending back in line. It should be a good income month because I
receive my quarterly bonus.
June was an incredible month for
our net worth. Our net worth increased $25,802.84
from last month to a total of $753,946.01 (spreadsheet screenshot).
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 5% of her 401(K) contribution (100% vested when
deposited) and chips in an additional 5% on top of the match in March (vests
over 3 years). This month, we contributed $1,385.34 to her 401(k). We contribute 10% 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 $530.45 to my
401(k). The total balance of our
retirement accounts increased $17,040.01 from last month to a total of $339,066.91.
Brokerage Account
Currently, our brokerage account consists of a handful of stocks
and cryptocurrency (I prefer to track crypto in the “Brokerage Accounts” field
rather than “Cash & Savings Accounts”).
We’ve been investing a little more money into our cryptocurrencies and
they have been performing very well. The total current value is $20,480.43, up
$5,816.61 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 went down $649.24 this month, bringing
the total to $4,291.60.
College Savings
Accounts
Our kids have 529 Plans through Vanguard. This month, we contributed $0 to our son’s 529
Plan and it increased $1,229.59 from last month to a total balance of $27,513.94. We contributed $0 to our daughter’s 529 Plan and
it increased $729.88from last month to a total balance of $16,306.99.
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 $201,966.96.
We paid $300 extra towards our home mortgage principal this month.
Vehicles
My company provides me a vehicle and gas card. My wife has a 2017 SUV with 60,000
miles. Her company gives her $300/month
auto allowance and $0.53/mile reimbursement. The loan balance on my wife’s car is
$35,516.49 at 2.79%. We also have a ski boat with a loan balance of $49,679.07 at
5.24%. We paid $200 extra towards our boat loan
principal this month.
Credit Card Balance
All of our credit card debt is paid in full each month.
I’ve been busy with life and haven’t updated our numbers lately but now that I have, I realized that we passed our net worth milestones of $740,000 and $750,000! This awesome year continues! We passed our last net worth milestone of $730K in April.
Our net worth is currently $750,394.98. We hope to reach out next milestone of $760K by August.
Our path to financial independence and retiring early.
