July 2020 Income Statement

In July, we had our best income month ever! As I mentioned in our June net worth update, wife’s company had been restructuring and she accepted the severance package because she found a new position with another company making a 10% higher salary.

Our total income in July was $88,132.45!  In addition to our regular paychecks, I received a monthly and quarterly bonus of $4,964.00 gross ($2,725.04 net).  More importantly, my wife’s received a $72,614.24 severance/cashed out vacation check plus an unexpected $4,400 gross ($2,925.72 net) bonus from her old company!  Plus, we earned $13.23 in interest income from our savings accounts.

This month, our expenses totaled $56,933.41!  Wow, that was hard to type lol.  Large expenses included $27,371.92 to pay off Car 2, $12,400 in in home improvements, $1,673.22 boat repair and $1,446.36 in furniture. Next month, my wife should be able to cash out her stock options from her old company (~$30K). 

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