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.
We passed our net worth milestones of $780K this month. We passed our last net worth milestone of $770K this month too! We hope to reach out next milestone of $790K by December.
We passed our net worth milestones of $770K this month. We passed our last net worth milestone of $760K in August. We hope to reach out next milestone of $780K by December.
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.
Our path to financial independence and retiring early.
