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.
March was an incredible income month and our expense were reasonable considering we enjoyed a long overseas vacation (see spreadsheet screenshot).
Our total income in March was $24,745.31. In addition to our regular paychecks, I
received a monthly bonus of $1,750 gross ($973.18 net) and a $450 auto
allowance. My wife also received a quarterly
bonus of $19,431.32 gross ($10,829.36 net), $1,540.87 auto allowance / mileage
reimbursements and $44.99 in internet reimbursements. We received a $205 insurance refund and earned
$12.49 in interest income from our savings accounts.
This month, our expenses totaled $16,493.20. Big ticket items include $2,100 extra mortgage
payments, $1,327 in vacation (not including food), and $2,300 in tithe.
Next month, I should receive decent quarterly bonus and we don’t have any large expenses planned.
We just passed our net worth milestones of $730,000! Man, this year has been amazing so far! We passed our last net worth milestone of $720K last month.
Our net worth is currently $730,939.77. We hope to reach out next milestone of $740K by June.
March rocked! We passed our $710K and $720K net worth goals
this month! Our net worth increased $19,827.25 from last month to a total of $726,011
(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). My wife’s company just deposited the $10.692.55 401(k) match
into her account? This month, we contributed $1,819.41 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). My company just deposited
the $3,174.34 401(k) match into my account?This month, we contributed $501.93 to my
401(k). The total balance of our
retirement accounts increased $9,811.68 from last month to a total of $319,175.48.
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 $7,971.29, up $1,441.06
from 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 increased $1,612.49
this month, bringing the total to $15,364.66.
College Savings
Accounts
Our kids have 529 Plans through Vanguard. This month, we contributed $1,200 to our
son’s 529 Plan and it increased $1,634.61 from last month to a total balance of
$26,258.87. We contributed $1,800 to our
daughter’s 529 Plan and it increased $2,078.78 from last month to a total balance
of $15,515.95.
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 $206,752.69. We paid $2,100 extra
towards our home mortgage principal this month.
Vehicles
I have a company car and gas card. My wife has a 2017 SUV with 50,000
miles. Her company gives her $300/month
auto allowance and $0.53/mile reimbursement. The loan balance on my wife’s car is
$37,376.18 at 2.79%. We also have a ski boat with a loan balance of $50,845.292
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.
List Tab
We just passed our net worth milestones of $710,000! It has been a long time since we reached a new net worth milestone. We passed our previous milestone of $700,000 way back in September.
Our net worth is currently $712,820.28. We hope to reach the $720K milestone by May.
February was an amazing income month and our expense were
pretty reasonable (see spreadsheet screenshot).
Our total income in February was $22,966.71. In addition to our regular paychecks, I
received a monthly bonus of $1,041.67 gross ($721.89 net) and a $450 auto
allowance. My wife also received a $1,342.96
auto allowance / mileage reimbursement, $44.99 in reimbursements and sold
$2,343.60 of her company stock. We
earned $6.31 in interest income from our savings accounts. We also sold Car 1
for $6,300 (I got a company car).
This month, our expenses totaled $16,493.20. Big ticket items include $4,542.97 to pay off
Car 1 before we sold it, $960 to pay for part of our vacation in mid-March and $303
for doctor visits/prescriptions. We also had to pay $4,203 for our Federal taxes
but received a $5,366 State refund, which more than offset it.
Next month, my wife should receive a large quarterly bonus
but we also have a big vacation that will cost a bunch.
February kicked butt! Our net worth increased $15,692.06 from last
month to a total of $706,173 (spreadsheet screenshot). It was nice to pass $700K net worth again since
we tippy toed by it in September 2018 but dropped back down.
Retirement Accounts
Our retirement accounts are comprised of our 401(k)s, our
Roth IRAs and our Traditional IRAs. We
contribute 5% to my wife’s 401(k). My
wife’s company matches up to 5% of her 401(K) contribution and chips in an
additional 5% on top of the match (both 100% vested when deposited in
March). This month, we contributed $790.95
to her 401(k). We contribute 7% 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
$356.74 to my 401(k). The total balance
of our retirement accounts increased $13,066.78 from last month to a total of $309,363.80.
Brokerage Account
Currently, our brokerage account consists of a handful of stocks
and some cryptocurrency (I prefer to track crypto in the “brokerage account”
field rather than “Cash & Savings Accounts”. The total current value is $6,530.23, up $820.73
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. Thanks to selling Car 1 ($6,300) and some of
my wife’s company stock ($2,343), we were able to reinject our savings account
with some life! Our cash and savings
accounts increased $3,918.63 this month, bringing the total to $13,752.17.
College Savings
Accounts
Our kids have 529 Plans through Vanguard. This month, we contributed $200 to our son’s 529
Plan and it increased $1,223.46 from last month to a total balance of $24,624.26. We contributed $200 to our daughter’s 529
Plan and it increased $758.42 from last month to a total balance of $13,437.17.
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 $210,136.01.
We paid $300 extra towards our home mortgage principal this month.
Vehicles
My wife’s 2017 SUV has 45,000 miles. Her company gives her $300/month auto
allowance and $0.53/mile reimbursement. The loan balance on my wife’s car is $38,002.36
at 2.79%. My company just provided me with a new company car and gas card so I
sold my 2012 sedan. We also have a ski boat with a loan balance of $51,169.62 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.
January was a better income month than expected but our expense
exceeded our income (see spreadsheet screenshot).
Our total income in January was $14.905.77. In addition to our regular paychecks, I received a monthly/quarterly combined bonus of $3,458.33 gross ($2,579.37 net) and a $450 auto allowance. My wife also received a bonus of $2,804.69 gross ($1,579.75 net), a $681.67 auto allowance / mileage reimbursement, and $44.99 in reimbursements. We earned $12.32 in interest income from our savings accounts.
This month, our expenses totaled $15,874.39. Lower than last month but too high for our
income this month. Big ticket items include $685 in annual life insurance, $547
in medical/dental visits, and $442.07 in clothing/accessories.
Next month we may have a big bill for some water damage in
our ceiling ☹
Our path to financial independence and retiring early.
