July 2007 Income Statement

July was a strong income month with my wife earning an additional $1,674.68 above her normal pay/auto allowance. We were also able to keep our expenses within reason compared to previous months (click spreadsheet below).

We only went over budget $650, and if you subtract out the $630.44 we spent on business clothing for my wife’s new job, we would have hit our budget mark. It’s encouraging to know our budget is realistic and doable. Although, with a couple of large expenses forecasted for August, it’s doubtful that we will be this close to our budget next month.

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