January 2018 Income Statement

January was a good income month but also a high expense month (see spreadsheet screenshot).

Our total income in January was $14,784.09.  In addition to our regular paychecks, I received a monthly and quarterly bonus of $4840.83 gross ($2693.72 net). My wife received a $1,350.20 auto allowance / mileage reimbursement and I received a $450 auto allowance.  We earned $4.69 in interest income from our savings accounts.

This month, our expenses totaled $14,388.27, just barely less than our total income this month.  Big ticket items include $2,165 for nanny/babysitting, $1,181.57 in household items, and $1,502.28.

Next month should be another good income month since we will receive a good tax refund.

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