February was an okay income month (click on spreadsheet below) considering it was the first full month of my wife being laid off and my company reduced my salary 10% (from $70,460/year to $63,423/year). Like January, it was also a good month for keeping our expenses low.
In addition to my two paychecks (the 2nd of which included my 10% salary reduction), my wife received a $2,025.00 in unemployment and $180 for babysitting. We also received $20 from selling two items on craigslist.org, and earned interest income on our savings account of $8.27.
We were able to continue keeping our spending down for the second month in a row and only spent $5,759.69 in February. That’s just a bit above our January total and well below our budget.That’s pretty good considering I took my wife with me on a week long business trip to the East Coast.We split meals as much as possible because my company pays for me, but we still had a larger than usual “dining” and “entertainment” totals this month.
Next month should be a strong income month with my wife’s new job and her final bonus check from old company.Expensewise, we have ~$2,000 in Federal and State taxes to pay and ~$800 in medical bills that may come due.Our fuel costs should go down a bit because my wife is getting a company car and gas card.
Our path to financial independence and retiring early.