February 2014 Income Statement

February was a record breaking income month for us and a pretty reasonable expense month (see attached spreadsheet).

Our total income in February was $37,327.14.  This blew away our previous best income month of $25,449.19 in December 2011.  In addition to our regular paychecks, my wife received a $66,600 gross ($27,808.32 net) quarterly bonus.  She also received a $600 auto allowance, and a $100 company reimbursement for internet service.  We earned $1.52 in interest income from our online savings account.

In February, we spent a total of $28,200.31.  At first glance this seems insanely high, but $12,120.90 was for paying off our auto loan and $7,950.00 was church tithe.  Subtract those two items out and our expenses totaled a much more reasonable $8,129.41.  Some of the other larger, non-typical expenses include $161.00 for wife’s hair, $199 for massages, and $300 to paint our baby’s room.

March should be a standard income and expense month.

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