In December, we had one of our largest income months ever and
a reasonable expense month too, considering our income (see spreadsheet
screenshot). Thank God for our blessings!
Our total income in December was an amazing $32,598.24! This was our 3rd largest income
month ever (larger months were: $37,327.14 in Feb 2014 and $35,641.77 in Sept 2017).
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 of $19,500 gross
($11,806.56 net). My wife also received
$825.48 in auto allowance / mileage reimbursements and $46.99 in internet reimbursements. To top it off, we sold some of my wife’s
company stock for $11,052 gross ($7,410.72 gross). We also earned $13.41 in interest income from
our savings accounts.
This month, our expenses totaled $18.321.50. That is a big expense month but still pretty
reasonable considering this months income.
Big ticket items include $2,250 in tithing, $2,099 in household items
and $728 in doctor visits and prescriptions
Next month begins a new year and with it, we should have a
good income month due to my quarterly bonus.
December was another HUGE month
for our net worth. Our net worth increased
$29,555.75 from last month to a total of $829,705.36 (see spreadsheet screenshot). We passed our net worth milestones of $810K
and $820K in December! We nearly passed
$830K too! What a great way to end the
year!
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 $1,822.84 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 $13,198.93 from last month to a total of $386,256.95.
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 $17,668.56, up $1,005.09 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. Thanks to my wife’s huge quarterly bonus, our
savings increased $12,032.53 this month to a total of $20,024.54.
College Savings
Accounts
Our kids have 529 Plans through Vanguard. This month, we contributed $0 to our son’s 529
Plan and it increased $856.76 from last month to a total balance of $30,559.61. We contributed $0 to our daughter’s 529 Plan and
it increased $506.76 from last month to a total balance of $18,050.39.
Home
We use the $528K purchase price that we paid in July 2016
for our home
value. Current comps in the area are ~$580K. The current balance of our 15-year, 2.875% mortgage
loan is $190,483.18. 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
$31,412.01 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 $48,237.32 at 5.24%.
Credit Card Balance
All of our credit card debt is paid in full each month.
We passed our net worth milestones of $820K this month! Our net worth is currently $821,900. We passed our last net worth milestone of $810K earlier this month. We hope to reach out next milestone of $830K by February.
We passed our net worth milestones of $810K this month! We passed our last net worth milestone of $800K last month. We hope to reach out next milestone of $820K by February.
In November, we were blessed with a strong income month and
a reasonable expense month (see spreadsheet screenshot).
Our total income in November was $14,794.99. In addition to our regular paychecks, I
received a third “extra” paycheck and a monthly bonus of $1,950 gross ($1,084.39
net). My wife also received $651.21 in auto
allowance / mileage reimbursements and $46.99 in internet reimbursements. We earned $7.96 in interest income from our
savings accounts.
This month, our expenses totaled $12,822.75. It was nice that our expenses were at a reasonable
level again. Big ticket items include $608
in clothing, $340 in eyebrow microblading, and $103 in gifts.
Next month, our expenses will probably be higher due to
Christmas and travel but my wife should receive a $1,000 bonus and we plan to
sell some of her company stock for ~$7,000.
November was another amazing
month for our net worth. Our net worth increased
$13,211.02 from last month to a total of $800,149.61 (see spreadsheet screenshot). So happy to pass our net worth milestones of
$790K and $800K!
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 increased $11,173.68 from last month to a total of $373,058.02.
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 $16,663.47, down $2,095.46 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 $507.96 this month, to a
total of $7,992.01.
College Savings
Accounts
Our kids have 529 Plans through Vanguard. This month, we contributed $0 to our son’s 529
Plan and it increased $1,061.35 from last month to a total balance of $29,702.85. We contributed $0 to our daughter’s 529 Plan and
it increased $627.77 from last month to a total balance of $17,543.63.
Home
We use the $528K purchase price that we paid in July 2016
for our home
value. Current comps in the area are ~$580K. The current balance of our 15-year, 2.875% mortgage
loan is $192,858.83. 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
$32,142.47 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 $48,479.69 at 5.24%.
Credit Card Balance
All of our credit card debt is paid in full each month.
We passed our net worth milestones of $800K this month. We passed our last net worth milestone of $790K last month. We hope to reach out next milestone of $810K by December.
We passed our net worth milestones of $790K this month. We passed our last net worth milestone of $780K last month. We hope to reach out next milestone of $800K by December. That would be an awesome way to end the year!
In October, we were blessed with a great income month and a reasonable
expense month (see spreadsheet screenshot).
Our total income in October was $15,753.12. In addition to our regular paychecks, I
received a monthly and quarterly bonus of $5,100 gross ($2,836.11 net). My wife also received $1,451.28 in auto
allowance / mileage reimbursements and $46.99 in internet reimbursements. We earned $8.06 in interest income from our
savings accounts.
This month, our expenses totaled $13,072.92. It was nice to get our expenses back down to a
somewhat more reasonable level. Big ticket
items include $702 in boat insurance, $206 in doctor visits/medicine, and $239
in entertainment.
Next month, our expenses will probably be higher due to Christmas
but my wife should receive a $1,000 bonus.
October was another amazing month
for our net worth. Our net worth increased
$20,169.96 from last month to a total of $786,938.59 (spreadsheet screenshot). Stoked to pass our net worth milestone of
$770K and $780!
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 $894.62 to my
401(k). The total balance of our
retirement accounts increased $13,997.49 from last month to a total of $361,884.34.
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 $18,758.93, up $2,896.15 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 $88.06 this month, to a
total of $7,484.05.
College Savings
Accounts
Our kids have 529 Plans through Vanguard. This month, we contributed $0 to our son’s 529
Plan and it increased $824.79 from last month to a total balance of $28,641.50. We contributed $0 to our daughter’s 529 Plan and
it increased $487.85 from last month to a total balance of $16,915.86.
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 $194,449.73.
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
$32,868.81 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 $48,721.11 at 5.24%.
Credit Card Balance
All of our credit card debt is paid in full each month.
Our path to financial independence and retiring early.
