September 2013 Income Statement

September was a phenomenal income month and a big expense month too (see attached spreadsheet).

Our total income in August was $12,577.62.  In addition to our regular paychecks, my wife received a final check from her old company and a $700 company reimbursement from her new company.  We also received $75 in credit card cash back rewards, $150 in birthday gifts to our son (529Plan) and we earned $2.66 in interest income from our online savings account.

In September, we spent a total of $10,681.95 – not as much as last month ($12K), but more than we should.  Some of the larger, non-typical expenses include $215 BBQ, $2K in food, and $2K in misc. household items.

October should be another good income month – I receive a 3rd “extra” check.

 

September 2013 Net Worth Update (+6,882.47)

Our net worth in September showed good improvement.  In September, our net worth increased $6,882.47, to a total of $233,919.48 (click on spreadsheet below).

What Worked
September was such a blessing.  We found out that my wife is 4 weeks pregnant!  We are so happy to be having a second child.  We also passed the retirement savings milestone of $100,000 in total retirement assets!  September was my wife’s first full month at her new job, which she loves.  In September, we contributed $1,062.76 to our retirement accounts and saw them increase $5,802.02 to a total of $100,981.74.   We also tucked away a little more into our son’s 401(k).

What Didn’t Work

 
Next Month
October should be another good month.  I receive a 3rd “extra” check and no major expenses are planned.

August 2013 Income Statement

August, in addition to being brutally hot, was an good income month and a huge expense month too (see attached spreadsheet).

Our total income in August was $9,765.52.  In addition to our regular paychecks, my wife received a check from her new company for 1 week pro-rated ($1,651.44) and a $25 company reimbursement from her old company.  We also received $100 in credit card cash back rewards, $40 is H.S.A. reimbursements and we earned $2.66 in interest income from our online savings account.

In August, we spent a total of $12,135.49.   With my wife starting her new, higher paying job, we took the liberty to get some stuff that we’ve been needing/wanting.  Some of the larger, non-typical expenses include $1,186 gun safe, $978 in auto repairs (2 cars), and $389 wetsuits (2).

September will be interesting.  It will be my wife’s first full month at her new company.  Plus, she still is due 1 final week of pay from her old company.

August 2013 Net Worth Update (-1,390.52)

We were doing well in August until the end of the month, then the wheels came off the cart.  In August, we saw our net worth decrease a $1,390.52, to a total of $227,037.01 (click on spreadsheet below).

What Worked
My wife began a new job this month making $97K annual salary plus an opportunity to earn $35K+ in bonus each year.  The company gives her $600/month auto allowance, a gas card, $100/month for home office, and 20K shares of stock each year.  This is a huge blessing to our family. 

What Didn’t Work
Sadly, all of our numbers fell this month.

Next Month
September will be my wife’s first full month with her new company.  Her large income should really help us towards our goals.


Net Worth Milestone – $230,000

Today we passed the $230,000 net worth milestone! Our net worth is currently $230,104.07.
We passed our last milestone of $220K in March. It took us a bit longer than usual to reach the next milestone, but it’s a blessing nevertheless.  Based on my forecasts, we should hit the next net worth milestone of $240K by the end of the year.
I will update our net worth meter (on the left side of the screen) at the end of the month.

July 2013 Income Statement

July was an average income month and a larger than budget expense month (see attached spreadsheet).

Our total income in July was $8,083.39.  In addition to our regular paychecks, my wife received a $25 company reimbursement.  We also received $45.36 in credit card cash back rewards and earned $2.71 in interest income from our online savings account.

In July, we spent a total of $8,300.78.   Some of the larger, non-typical expenses include $1,200 vacation and $924.20 for groceries.

 
August will be interesting.  My wife will be giving her 2 week notice and does not start her new job until the end of August.  Hopefully her current company won’t let her go as soon as she gives notice.

July 2013 Net Worth Update (+6,412.78)

After a down month last month, in July we saw our net worth increase a whopping $6,412.78, to a total of $228,427.53 (click on spreadsheet below).

What Worked
My wife received an $891.92 employer match to her 401(k).   We contributed a total of $1,201.96 to our retirement accounts and saw them increase $5,951.17 to $97,009.73 total.  We refinanced our auto loan from a 6.5% to 2.29% loan.

What Didn’t Work
We continue to dip into our savings account.

Next Month
My wife may be starting a new job at the end of next month.  Stay tuned.

June 2013 Income Statement

June was an average income month and a large expense month too (see attached spreadsheet).

Our total income in June was $8,168.51.  In addition to our regular paychecks, my wife received a $30 company reimbursement.  We received $175 in credit card cash back rewards and we earned $2.39 in interest income from our online savings account.

In June, we spent a total of $10,314.57.  Our spending has been out of control lately.   Some of the larger, non-typical expenses include $548 auto insurance, $455 for furniture, etc.

July should be a normal income month, and we hope to give an honest attempt at reducing our expenses.
 
 

June 2013 Net Worth Update (-2,582.98)

In June, our net worth decreased $2,582.98 from last month, to a total of $222,014.75 (click on spreadsheet below).

What Worked
We refinanced our auto loan from 6.5% to 2.29%.  This will save us ~$1,000 over the four year term.

 

What Didn’t Work
We contributed a total of $1,201.96 to our retirement accounts and saw them decrease $2,146.63 to $91,058.56 total.  We also pulled ~$1,000 out of savings.

Next Month
July should be a pretty typical month.

Our path to financial independence and retiring early.