A net increase of $6,840.24 to bring us to $250,114.16! We’ve passed the quarter million milestone!
Here’s the main table tracking our net worth again.
401k – $5,429.17– The larger contributions and a small rise in the market make up this growth.
HSA – $82.40 – Normal paycheck contributions minus spending from the HSA account to cover some medical expenses for Mrs. Jane as she goes through pregnancy. Next month there is likely to be a big loss here because we had to make another ER visit for Mrs. Jane and the baby.
RothIRA – $53.12 – Stock market at work here… The investments grew a little bit this month.
Taxable – $-72.27 – Company stock took another small drop this month. Overall this account will likely be quite volatile as it’s just one companies stock. We can’t do anything about that until it vests.
Acorns – $33.49 – Just like before, we love Acorns because it just puts that little extra away without you realizing it.
Cash – $-524.9 – Normal ebbs and flows of the checking account at work here, primarily lower because we continue to have baby expenses and car insurance this month. We’ve added an Income and Spending section below that will show where most of our “cash” went.
Mr. Joe’s Student Loans – $131.17 – If you’ve been following our blog then you’ll know that we recently Re-financed Mr. Joe’s student loan with SoFI. We’ve detailed that process in some other posts you can find here. So far it’s been great working with SoFI. We made a payment this month and accrued a little interest.
Mrs. Jane’s Student Loans – $97.43 – Again, just a simple payment and interest on these loans.
Car Loan 1 – $700.98 – WE PAID IT OFF!!! Woohoo! This is one awesome, amazing feeling! We now only have our student loans and one 0% car loan for our debts. We’ll probably start by getting our savings up a little bit to prepare for the baby. We do have some “hidden” money in Mrs. Jane’s old savings account and the Roth IRA if we needed to tap some for an emergency but would definitely like some higher joint savings.
Car Loan 2 – $277.65 – Making progress on schedule here due to making a payment. This is a 0% interest loan and we’re unlikely to ever accelerate this loan payment.
Credit Cards – $391.63 – We pay this off in full each month.
Income and Spending
Here’s where we actually show you where our money went during the month. We won’t go into crazy detail because telling you which restaurants we ate at each week would be just silly. But we will cover any unusual spending or income.
The “Budgeted” numbers below are kind of ambiguous and work on a monthly funding basis so something like car insurance which we pay every 6 months has a dollar amount budgeted but won’t have actuals except for twice a year.
This is kind of a simple table showing our income for the month. As you can see we sold the old appliances for $300 and got reimbursed from a friend for an expense we paid for him.
Another month of contributions. Nothing special.
This was a pretty unusual month for us. The Auto Payment category stayed high for the last time because we did finally pay that one off!
Gas for the cars was really low this month and we really aren’t sure why. Maybe it’s just a weird month?
Ugh, car insurance…this is the month were we pay our 6 month premium. For two young people with quite elevated coverage limits (100,000/300,000 liability) and with 3 cars we’re not too bothered by paying ~$200 a month for insurance, just sucks when you actually have to write that check. We do shop this around every renewal period to make sure we’re still getting the best rate.
Last month we bought flights and a rental car for the 4th of July and this month we added a hotel room for one night. We have family we’ll stay with the remainder of the trip but our flight lands about 10:30pm and it’s a 2 hour drive from there so we just decided to spend the night and then enjoy the scenic drive the next day.
The final thing of any significance is that we had our first full month without cable! You can see that we’re now down $75ish from previous recurring expenses and we are LOVING IT! We’ve posted HERE about our strategy but it’s basically a super cheap internet plan with Playstation Vue. Love it!
The home maintenance costs this month primarily involve paint and other prep work for the nursery.
Household Goods: We started buying a lot of stuff for the upcoming arrival of our first kid! This month included closet organizing stuff from Ikea and the last of the furniture we need.
Auto Maintenance: We got a free car that needed a little work. For more details see this post.
We bought tickets to a concert.
Personal Capital Net Worth
Personal Capital changed their graph styles a little bit. Also it hasn’t captured all of the account updates that I do above.
Charts from my Google Sheets Financial Tracking Spreadsheet
This first graph shows what our current liquid assets would provide as income at a 3% withdrawal rate in Blue, our income in Red, and our expenses in yellow. For those readers that have not researched Financial Independence and Early Retirement (FIRE), this is a very conservative way of estimating retirement income. Essentially, when the Blue line exceeds the yellow line we could retire with reasonable confidence.
I’m not sure what happened with this graph and why it has zoomed so far out. I’ll have to check into that and see if I accidentally changed a setting somewhere…
This is a stacked line chart that shows how our net worth is broken down in different accounts. Hopefully as time goes on these graphs become more interesting.
Full Disclosure: The links above to SoFI and Acorns are referral links. I will get a bonus from SoFI if you sign up using my link and you will get $100. If you sign up for Acorns with my link we both get $5.