March 2020 Income Statement

In March, we had an awesome income month and a reasonable expense month considering the income (see spreadsheet screenshot).

Our total income in March was $29,578.19.  In addition to our regular paychecks, I received a monthly bonus of $1,811.88 gross ($994.65 net) and my wife received a bonus of $18,649.36 gross ($14,352.39 net).  My wife also received $646.57 in auto allowance / mileage reimbursements, $300 in gift credit cards and $46.99 in internet reimbursements.  We received a state tax refund of $4,822.  We also earned $11.19 in interest income from our savings accounts.

This month, our expenses totaled $21,293.93.  Because of the coronavirus, we stocked up on food and essentials this month.  Some big ticket items include $3,886 for groceries, $2,356 for household items and $762 in home maintenance.

Next month my wife should receive a discretionary bonus from her company.

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