July 2016 Income Statement

July was another very good income month but also another huge expense month (see spreadsheet screenshot).

Our total income in June was $15,115.91.  In addition to our paychecks, we each received a third “extra” paycheck.  I also received a monthly bonus of $830.60 gross ($453.06 net) and $662.49 in auto allowance and mileage reimbursement.  My wife received a $50 in company reimbursements.  We earned $4.29 in interest income from our savings account.

This month, we spent a total of $ 17,909.89.  The 2nd month in a row of $17K+.  Big ticket items include $5,360 in furniture, $1,272 for movers, and $760 for housing maintenance.

Next month, we need to cut back on the spending because there are no bonuses or extra income expected in August.

July 2016 Income Statement

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