March was a phenomenal income month and a high expense month (see spreadsheet screenshot).
Our total income in March was $32,097.07, our second highest income month ever (April 2014 was our highest at $37,327). My wife received a 1.5% raise this month. In addition to our two regular paychecks, my wife received a quarterly bonus of $17,325 gross ($9,776.48 net) and I received a monthly bonus of $2,500 gross ($1,496.25 net). We also got a $10,750 tax refund ($8,688 federal, $2,062state), $450 in auto allowance from my company and $44.99 in internet reimbursement from my wife’s company. We earned $1.15 in interest income from our savings account.
This month, our expenses were high but they were surprisingly low relative to our income. We spent a total of $16,277.30 in March. Big ticket items include $2,000 in bathroom tilework, $1,950 in extra mortgage payments, and $375 to our tax account.
Next month forecasts should be a pretty typical expense and income month, with the exception of my $2,500 gross monthly bonus that will be a nice perk.