Monthly Update – January 2017 (First Update)

This is our first monthly update.  Honestly, we are little intimidated to share but are looking forward to keeping everything out in the open – hopefully it keeps us on track and helps us grind through the rest of the year.

Income –

  • Mr. MMC takehome pay $6,686.67
  • Mrs. MMC takehome pay $3,601.89
  • Dividend Income $375.53
  • Poshmark $220.30

Total Income January 2017 $10,884.39

Expenses/Spending –

This includes rent, groceries, dining out, a vacation we recently booked (Austin, TX trip coming up!), shopping, and amusement (date nights, concerts, dinners)

Total Expenses/Spending $4,452.00

Wow!  We spent over $4K in January.  Seeing that number on the screen really makes you question yourself over the month.  Was that dinner out really worth it?  Could we have done without that new pair of jeans?  We will try to improve for sure, but looking at the numbers above, we were still able to save almost 60% of our take home pay.  We can’t beat ourselves up too much.

Our assets (savings, checking, taxable investments, Roth IRA’s, DSPPs, 401K, 457) ended the month with a balance of $307,022.07 while our liabilities (credit cards) ended the month with a balance of $467.98 (we pay our credit cards off weekly and carry no other debt).  Our net worth for January 2017 ended up at $306,554.09.  This is up from $293, 511.53 in December 2016.

We hope to get a little more detailed especially when it comes to our spending but it looks like we had a pretty good January.  Thanks for reading!

COP Dividend Increase

On 1/31/17 ConocoPhillips (COP) declared an increase in the quarterly dividend of $0.265 per share.  This is an increase from $0.25 per share for a 6% increase!

We own 61.94 shares of COP (Mr. MMC’s Roth IRA and our Computershare account) so this adds $3.7164 per year in dividends and increases our yearly projected dividend income to a new total of $5,808.08.

This is a bitter sweet raise – many remember the cut from $0.75 a share to $0.25 a share last year.  Good to get a raise but I still remember that sting last year…

Recent Buy – TROW

On January 26, 2017 we added 16 shares of T. Rowe Price Group (TROW) to our Roth IRA for a total cost including commissions of $1,117.94.  We already owned 40.449 shares in our taxable account bringing our total up to 56.449 shares.  Our yearly forward dividends with this purchase stand at $5,804.36.  TROW was not on our radar but it fell over 6% after earnings and we decided to scoop some up.

Dow 20,000

The Dow Jones Industrial Average crossed 20,000 today.  Our investment accounts hit an all time high today (first ever update to come in a few days).  Stocks on our radar currently are JNJ, GILD, ABBV, and VFC.  Looks like healthcare stocks are among our favorites this week.

Recent Buy – VFC

On January 18 we added 28 shares of VFC to our Roth IRA.  The purchase totaled $1,432.87 including commission for a cost per share of $51.17.  This purchase increases our forward dividends to $5,765.39.

Hello World!

Happy Saturday!

Welcome to!  We’ll have a new post up introducing ourselves shortly.  For now I want to welcome you to our blog and hope you keep checking back.