Our family traveled this month to Southeast Asia for a two-month summer vacation. We have planned this trip for well over a year. I stayed with them for the first three weeks then I headed back the States to work for three weeks. After that I will reunite with the family before bringing them back home to Florida in August.
We have designated a separate fund for travel expenses, and we also prepaid all the flight tickets earlier this year. So the net worth for June 2017 is not negatively affected by the cost of our family’s international trip. So far we really have a fabulous time there.
As the cash reserve keeps building up, I have increased the contribution rate to 50% for my pre-tax and after-tax 401(k) accounts. I have fully contributed to two Roth IRA’s for me and my wife earlier this year. For Health Saving Account, I have scheduled to max out the family HSA contribution limit of $6,750 by the end of the year.
Next month I should be able to max out the pre-tax 401(k) contribution with $18,000 limit. After that I will shift the money into the after-tax 401(k) account. We will see how far we can reach the overall 401(k) contribution limit of $54,000.
Here’s the breakdown for June:
Here is the picture of our net worth for June 2017 on Personal Capital. I have been using Personal Capital to see all my accounts together. Personal Capital also updates all my bank accounts, investment accounts and credit cards. That way I can quickly update my Net Worth spreadsheet.
Saving Goals for 2017
| Saving Goals | Limit | Status | Progress |
| Roth IRA | $5,500 | $5,500 | 100% |
| Spousal Roth IRA | $5,500 | $5,500 | 100% |
| 4-Year Prepaid University Plan | $29,025 | $29,025 | 100% |
| Health Saving Account | $6,750 | $3,875 | 57% |
| Pre-tax 401(k) | $18,000 | $17,381 | 97% |
| Overall 401(k) | $54,000 | $23,471 | 43% |
| Total | $100,775 | $67,371 | 67% |
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