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Net Worth Tracker: September 2017

September was a big month for Mrs. NFF and I. We brought our new baby home from the hospital, we celebrate our 2-year marriage anniversary, I celebrated my 2-year anniversary at my company, and I turned one year older. Fall (my favorite season) is here, and we celebrated by traveling to Maine this past week to see the first leaves begin to change.


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What Does It Mean To Be Vested?

Last Sunday, I hit a major milestone at my company. I have officially been working here for 2 years. In some ways, it feels like I’m just starting but in others I feel like a seasoned veteran. This is especially true since the average job tenure of people my age is just 3 years (should I be looking for a new job already?). The anniversary date came and went without any fanfare. I didn’t get to chose an anniversary gift out of a magazine, or even receive a card from my company. I actually got something much, much better: I vested.

What is Vesting?

Vesting is a term used to describe how much of your 401k you are allowed to take with you if you leave the company. You may be thinking “Wait, I don’t get to keep my entire 401k?” Before you overreact, I want to be clear that vesting only applies to the portion that your company contributes. If you invest $5,000 in your 401k, and your company contributes $1,000, vesting only applies to the $1,000. You get to keep your $5,000 plus whatever you’ve earned in the market when you leave. read more

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Net Worth Tracker: August 2017

First off, I must apologize for the late net worth posting, but I promise that I do have a good excuse. A little more than a week ago, our family grew by one as we welcomed NFF Jr. into the world. It has been an amazing, if thoroughly exhausting, couple of weeks for my wife and me. But I find myself now with some extra time to update you on our financial happenings since last month.

August 2017 was another up month for the New Father Finance family, though I have to admit it is our worst month for spending this year. Some extra costs related to the birth of our son played a major part of that. In a later post, I’ll go into a bit more detail about our actual spending this month, and perhaps go into a little detail about some of our larger baby purchases. read more

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Net Worth Tracker: July 2017

On the last day of every month, I take an assessment of all of my financial accounts and calculate my net worth. It allows me to get a detailed look of how my savings accounts are growing, my investment accounts are changing, and how much longer I have until I hit each of my financial goals.

July 2017 was a great month for the New Father Finance family. Our net worth increased by 10% this month, growing by $39,467! A large part of this is owing to my wife’s grandmother, who generously contributed $25,000 for NFF Jr.’s college education. However, even without the gift, we still were able to grow our net worth by over $14,000, putting July as one of our best month’s ever. Here is a breakdown of he we did in each savings category. read more