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.
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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.
May was a good income month however our expenses were insane
(see spreadsheet screenshot).
Our total income in May was $14,645.28. In addition to our regular paychecks, I
received a third “extra” paycheck and a monthly bonus of $1,666.66 gross
($926.83 net). My wife received $947 in auto
allowance / mileage reimbursements, $644.99 in internet reimbursements and $76.80
in her side hustle. We earned $7 in
interest income from our savings accounts.
This month, our expenses totaled $24,152.17. Big ticket items include $3,850 in home improvements,
$5,126 in household items, $1,594 in doctor boat repair.
Next month should be a large income month because my wife
earned a $10K bonus (gross)!
May was a rough month for our net
worth. Our net worth decreased $7,722.68
from last month to a total of $728,143.17 (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 $743.60 to my
401(k). The total balance of our
retirement accounts decreased $8,647.52 from last month to a total of $322,026.90.
Brokerage Account
Currently, our brokerage account consists of a handful of stocks
and some cryptocurrency (I prefer to track crypto in the “Brokerage Accounts”
field rather than “Cash & Savings Accounts”). Our cryptocurrencies have started to show
some life again! The total current value is $14,663.82, up $4,904.02 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. We raided our savings this month resulting in
a reduction of $3,992.83 this month, bringing the total to $4,940.84.
College Savings
Accounts
Our kids have 529 Plans through Vanguard. This month, we contributed $0 to our son’s 529
Plan and it decreased $942.90 from last month to a total balance of $26,284.35. We contributed $50 to our daughter’s 529 Plan
and it decreased $508.86from last month to a total balance of $15,577.11.
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 $203,566.02.
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 55,000
miles. Her company gives her $300/month
auto allowance and $0.53/mile reimbursement. The loan balance on my wife’s car is
$36,168.44 at 2.79%. We also have a ski boat with a loan balance of $50,129.19 at
5.24%. We paid $100 extra towards our boat
loan principal this month.
Credit Card Balance
All of our credit card debt is paid in full each month.
April was a good income month however our expenses were
nearly identical to our income (see spreadsheet screenshot).
Our total income in April was $13,899.59. In addition to our regular paychecks, I
received a monthly bonus of $3,560.58 gross ($1,980.04 net) and my wife
received a discretionary bonus of $1,250 gross ($757.96 net). My wife also received a $531.31 auto
allowance / mileage reimbursements and $44.99 in internet reimbursements. We earned $18.49 in interest income from our
savings accounts.
This month, our expenses totaled $13,895.75. Big ticket items include $1,681 in household
items, $736 in doctor visits/prescriptions and $344 in personal care.
Next month should be a large expense month because we have concrete
work in our backyard to the tune of $4K and a boat repair that could cost ~$2K.
April was another amazing month! We passed our $730K net worth goal this month
and are fast approaching our $740K net worth goal. Our net worth increased $9,864.76
from last month to a total of $735,865.85 (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 $740.68 to my
401(k). The total balance of our
retirement accounts increased $11,498.94 from last month to a total of $330,674.42.
Brokerage Account
Currently, our brokerage account consists of a handful of stocks
and some cryptocurrency (I prefer to track crypto in the “Brokerage Accounts”
field rather than “Cash & Savings Accounts”). The total current value is $9,759.80, up $1,788.51from
last month primarily because we invested a little more money.
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 decreased $6,430.99
this month, bringing the total to $8,933.67.
College Savings
Accounts
Our kids have 529 Plans through Vanguard. This month, we contributed $0 to our son’s 529
Plan and it increased $968.38 from last month to a total balance of $27,227.25. We contributed $0 to our daughter’s 529 Plan and
it increased $570.02 from last month to a total balance of $16,085.97.
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 $205,161.26.
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 55,000
miles. Her company gives her $300/month
auto allowance and $0.53/mile reimbursement. The loan balance on my wife’s car is
$36,780.18 at 2.79%. We also have a ski boat with a loan balance of $50,463.52 at
5.24%. We paid $100 extra towards our boat
loan principal this month.
Credit Card Balance
All of our credit card debt is paid in full each month.
Our path to financial independence and retiring early.
