September 18, 2013

Retirement Accounts Total Balance Passed $100K

Today our retirement accounts total balance (401k, Roth IRA, & Traditional IRA) passed $100,000.

Our retirement accounts total balance is $100,697.64!  This is a major blessing and milestone for us.  I've always heard the first $100K is the hardest and that it just gets easier.  Let's hope that's the case.

September 4, 2013

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.

September 3, 2013

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.