August was another good income month but our expense were high this month (see spreadsheet screenshot).
Our total income in August was $12,053.09. In addition to our regular paychecks, I received a monthly bonus of $1,416.67 gross ($799.43 net), a $450 monthly auto allowance, and $13.97 reimbursement from my company. My wife received $570.49 in auto allowance and mileage reimbursement, $44.99 in internet reimbursement her company. We earned $2.99 in interest income from our savings accounts.
This month, our expenses were exceeded our income. We spent a total of $12,411.21 in August. Big ticket items include $1,260 in household items, $287 in auto registration and $798.76 in clothing.
Next month should be a HUGE income month. My wife’s old company should be paying her a $38K bonus for the last quarter that she worked for them.