February 2016 Income Statement

February was a low income month and high expense month (see spreadsheet screenshot).  My wife was on unemployment most of February but started a great job at the end of the month.

Our total income in January was $4,773.15.  In addition to my paychecks, I received a small monthly bonus of $276.47 gross ($166.15 net).  I also received $596.02 in auto allowance and mileage reimbursement.  My wife received $1,620.00 in unemployment.  We earned $10.72 in interest income from our savings account.

This month, we spent a total of $10,736.19.  Over twice what we made this month, thus the reason we dipped heavily into savings.  Some of our larger, non-typical expenses included $1401.09 in household items and $1,002.18 in groceries.

Next month will be my wife’s first full month at her new job.  The extra income will be a major blessing.

Feb 2016 income statement