A net increase of $744.23 to bring us to $243,303.92
Here’s the main table tracking our net worth again.
401k – $3,859.67– One piece of news here is that Mr. Joe increased his 401k contribution rate such that he will maximize his allowable contributions. In other words, increased it to $18,000 a year. It’s kind of a guess exactly how much he’ll contribute as he’s only allowed to select a percentage contribution and his bonus may push some of the contributions into after-tax. We’ll see at the end of next year.
HSA – $-1,245.65 – Normal paycheck contributions minus spending from the HSA account to cover some medical expenses for Mrs. Jane as she goes through pregnancy. Also Mr. Joe had a wisdom tooth removed this month.
RothIRA – $53.49 – Stock market at work here… The investments grew a little bit this month.
Taxable – $-2,621.43 – Company stock took another dive 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 – $28.34 – Just like before, we love Acorns because it just puts that little extra away without you realizing it.
Cash – $-1,977.52 – Normal ebbs and flows of the checking account at work here. We’ve added an Income and Spending section below that will show where most of our “cash” went.
Mr. Joe’s Student Loans – $119.40 – 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 – $96.10 – Again, just a simple payment and interest on these loans. We’ll try to tackle this debt after one of the cars.
Car Loan 1 – $1,730.93 – With the added costs this month due to an ER trip, home maintenance and car maintenance we did not get this paid off like we hoped to. Still made excellent progress however.
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 – $183.68 – We pay this off in full each month now so this is reflecting the current balance that already has a scheduled payment against it.
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. This month it includes both of our incomes but does not include spending money that Mrs. Jane has withheld. We follow a Yours-Mine-Ours philosophy for our money so her fun money is direct deposited to her own checking account and is not included in these numbers. The income numbers include company matches to 401ks and HSA contributions, those are also reflected in the Investment table below. Also shown here is reimbursement from work related expenses (mostly fuel).
If you follow us closely you’ll see that Mrs. Jane’s income numbers jumped a little bit. She had a small bonus this month and also reduced her fun money so more money came into the family account. Otherwise nothing special here. A normal income month.
You’ll notice here that the 401k contributions went up a fair bit. Like we said earlier, Mr. Joe increase his contributions to the allowable IRS maximum.
This was a pretty typical month for us with the exception of the Car Payments. Unlike last month, we had to buy dog food twice this month. So the puppies category actually got used!
We had a slightly elevated Cable expense as this was our last month on Cable and we had a double payment for internet. We’re due a roughly $35 refund from cancelling that is not represented here.
Also you’ll see that we purchased flights and a rental car for our vacation planned for July 4th. Thank goodness we use Flight Vouchers because that saved us $500 on the tickets.
This month was another high month for home maintenance. We bought some used appliances from a work friend and they fit wonderfully except for the fridge. The fridge was slightly too large and required modifying one of the walls which means we had to buy materials and some tools. Oh the joys of home ownership. We’re working on a post showing the work we had to do to make these things fit.
The other extremely large categories this month were Household Goods, Auto Maintenance, and Gifts.
Household Goods: We started buying a lot of stuff for the upcoming arrival of our first kid!
Auto Maintenance: We got a free car that needed a little work. For more details see this post. We’ll also have a lot more detail in another post later this week.
Gifts: It was Mother’s Day this month and we bought some stuff for a friend’s wedding gift.
Just random crap this month.
Personal Capital Net Worth
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.
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. You might notice in this month that the light blue color shrunk. That color represents the stock award Mr. Joe got. It proves our graph is working although ideally we’d like it to go the other way. Haha!
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.